The National Pension Commission says pension fund administrators are responsible for making investment decisions and ensuring safety and fair returns for the benefit of contributors.
“Pension fund investments seek to ensure timely payment of benefits to employees upon retirement,” the statement reads.“Consequently, the overriding philosophy guiding investments is the maintenance of safety and fair returns. The organisation said the pension funds are also segregated from the assets of a PFA, and all incomes earned are exclusively for the benefit of pension contributors.
“In addition, pension funds may also be invested in bank deposits and securities; real estate development investments; specialist investment funds and other financial instruments as enshrined in the Investment Regulation.”
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