These are designated pools of investment capital targeted at all stages of private equity investment.Specialist Investment Funds that invest primarily in infrastructure companies or projects.
1. Enact a Law to establish the CPS, which must give pension contributions the same priority as salaries. 4. Must execute an Irrevocable Standing Payment Order to mandate the Accountant General of the Federation to deduct at source and remit monthly pension contributions from the State’s share of the Federation Account Allocation to the State.Section 87 of the PRA 2014 allows for foreign investment of pension fund assets subject to regulations and guidelines issued by the commission.
Pension fund assets in the last three years were majorly invested in traditional fixed-income assets and equities, as the alternative asset space was relatively sluggish. Pension Funds recorded an average return on investment of 13% within the last three years , with the highest return of 17.59% in 2020.
What measures are put in place by the commission to guard against PFAs flouting the commission’s investment regulations and global best practices in investing pension funds?
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