Contributory pensions: Over 91,000 Retirement Savings Accounts registered in Q1 –PenCom

Contributory pensions: Over 91,000 Retirement Savings Accounts registered in Q1 –PenCom

PenCom urges RSA holders to participate in Data Recapture Exercise
A total of 91,499 Retirement Savings Account (RSA) holders were registered by the Pension Fund Administrators (PFAs), under the Contributory Pension Scheme (CPS), between January and April 2021,according to the National Pension Commission (PenCom).

Data obtained from PenCom’s website on Saturday, revealed that the PFAs registered 9,236,841 RSA holders in January, while the number surged to 9,328,340 in April.

RELATED:  Panic as trigger-happy policeman kills civilian security guard in Rivers

READ ALSOAyade prefers industrialisation!

The commission stated that pension fund assets which rebounded in March 2021, having dropped for two months, have continued on a growth trajectory to gain over N50 billion between March and April.

RELATED:  Randy De DeeP & Dj Matene Gtc – Muvango (Original Mix)

PenCom noted that of the N12.39 trillion assets, N8.32 trillion had been invested in federal government  securities.

Giving a breakdown, PenCom said Federal Government bonds gulped N7.45 trillion investment; treasury bills, N690.43 billion; agency bond, N13.01 billion; Sukuk bonds, N79.31 billion and green bonds N79.81 billion.

RELATED:  Watch video of actor, Baba Ijesha, begging for forgiveness after comedian Princess caught him while allegedly attempting to molest her foster daughter

According to the commission, the state governments’ securities also gulped N117.21 billion investment. 

The post Contributory pensions: Over 91,000 Retirement Savings Accounts registered in Q1 –PenCom appeared first on Vanguard News.

 43 Downloads

Receive Updates

No spam guarantee.

I agree to have my personal information transfered to GetResponse ( more information )