Investment Returns On Pension Fund Assets Hit N2.7trn

While investment of pension fund in fixed deposits took the larger chunk of this investment accounting for N2trillion, commercial papers accounted for N157.7billion even as foreign money market instrument was N39.9billion as at the end of July, 2022.

Findings show that pension fund operators are gradually divesting the proceed of their matured bonds into the bank placements due to volatility in the bond market. Responding to LEADERSHIP enquiry on the attraction of Pension Fund operators to bank placements in the current year, the head, Branding Committee of the Pension Fund Operators Association of Nigeria, Mrs. Idu Okwuosa, said, the increased investment in bank placements by operators was as a result of the lull in the bond market as the process of the matured bonds find their way into this investment class.

Noting that safety is the first option adopted when investing in any asset, he maintained that, as part of efforts to grow the pension fund assets, operators are eyeing other alternative investment options aside from the government bonds and treasury bills.

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