CBN Rate Hike: PFAs to Increase Investments in Bonds Pension fund administrators (PFAs) in Nigeria are poised to increase their investments in bonds, as the recent interest rate hikes by the Central Bank of Nigeria (CBN) are making bonds more attractive to investors. The CBN...

PFAs Generates N8trn Profit From Pension Investments   The Pension Fund Administrators (PFAs) have recorded N7.98tn profit from investing contributions made by workers into their Retirement Savings Accounts under the Contributory Pension Scheme, according to a new report. The report, obtained from the Pension Fund Operators Association...

PenCom Reviews Annuity Guidelines, Addresses PFAs, Insurers’ De-marketing       The National Pension Commission and the National Insurance Commission, on Tuesday, signed off the revised regulation on retiree life annuity, and the guidelines on Group Life Insurance Policy for employees and Contributory Pension Scheme retiree pack. The ceremony,...

PFAs Invest N54.35bn Pension Funds In Infrastructure     Pension Funds Administrators have invested N54.35bn of the total assets under the Contributory Pension Scheme in infrastructure as of the end of April. Figures obtained from the National Pension Commission on Wednesday revealed that the total assets under the...

PFAs Shun T’bills, Invest N1.6trn In Banks, Commercial Papers     Pension Fund Administrators have gradually reduced investment of pension funds in the Contributory Pension Scheme in treasury bills, findings have revealed. Data obtained by our correspondent from the National Pension Commission revealed that the operators have increased...

PFAs Invest N7trn In FG Securities, Infrastructure   About N7.40trn of the N9.99tn pension fund assets has been invested in the Federal Government securities by Pension Fund Administrators. Latest data from the National Pension Commission also showed that the PFAs raised their investment in infrastructure to N40.52bn...