Ndubuisi Francis in Abuja
Pension Fund Assets under management as
at the first quarter (Q1) 2018 stood at N7.943 trillion as against
N7.515 trillion In the fourth quarter (Q4) of 2017, the Pension Assets
and Membership Data Q1 2018, has revealed.
The data, which were obtained from the
website of the National Bureau of Statistics (NBS) indicated that the
Pension Assets and Retirement Savings Account (RSA) Membership Data Q1
2018 reflected that 7,975,976 workers are registered under the pension
scheme compared to 7,823,911 registered workers in Q4 2017.
Giving details of the pension assets,
the NBS stated that FGN Bonds has the highest weight percentage of 48.61
per cent of the total pension fund assets, closely followed by treasury
bills with 20.89 percentage weight and domestic ordinary Smshares with
9.25 percentage weight while agency bonds have the least with 0.07
percentage weight.
Participants within the age distribution
30-39 years have the highest percentage composition closely followed by
participants within the age bracket of 40-49 years and 50-59 years
while participants above 65 years have the least percentage composition.
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