Tag
PENSION FUND
Sacked workers smiled to the bank as they were paid N2.56 billion from their pension contributions.
Though Nigeria is not on the OECD list, pension asset value in Nigeria grew by 18.3%.
Covid-19 and low yield are conniving to rub pension fund managers of a chest-beating performance, and the pension fund investors of blissful retirement.
Pension fund managers redeemed treasury bills worth N512 million Naira in the two months combined but did not invest any additional kobo into treasury bills within the same period.
Pension Contributors on the receiving end as devaluation and high inflation rate wipe out what's left of their returns
Pension funds in Nigeria recorded impressive performances in 2019. The Retirement Savings Account, RSA, category made an average of 13%, with returns ranging from 19.38% to 6.94%.
FG has disclosed that the N2 trillion it intends to borrow from the current N10 trillion pension funds will be through bonds.
But unless one dies young, retirement must come, and prepared or not, you will face the consequences of retirement and the lack of earning capacity that comes with it.
324,141 Pension contributors have withdrawn N113.21 billion from their Retirement Savings Accounts with their Pension Funds Administrators as of the end of June
The path to extinction seems to be the route on which the famous Social Security Trust Fund of America is on as at moment.
The scandalous crisis that has engulfed South Africa’s pension industry seems to be presenting pension fund managers all over Africa with case studies in pension fund management.
Nigerian pension funds continued their winning streak in January defiling the odds of stock market volatility to post positive gains.