He said this in a presentation on ‘Recapitalisation for PFAs and the welfare of Nigerian pensioners’.
He said, “On the other hand, the stakeholders expect that with the new increase in the minimum share capital requirement, the investment of funds generated by the PFAs, which is determined by the Pension Fund Custodians as stipulated by the laws guiding pension fund investment, should explore other investment opportunities in the foreign investment markets, risky investments such as infrastructure, property, structured products and others, in order to provide real returns to contributors to...
“However, this is likely to expose the RSA holders to significant investment risks since investment decisions are taken by them.”
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