Nike PopoolaThe total pension assets under the Contributory Pension Scheme rose to N7.79tn as of the end of February. At the end of November 2017, the total pension assets under the CPS were N7.4tn. While speaking on one of the guidelines, an official of PenCom, Mr. Babatunde Philips, said in 2017, PenCom released the amended regulation on investment of pension fund assets. Other areas, where the funds are invested, are agency bonds, supra-national bonds, commercial papers, foreign money market securities, and open/close-end funds. Other investment portfolios, where the operators have invested the fund, are real estate investment trusts, private equity funds, infrastructure funds, cash and other assets.

Source: Punch April 22, 2018 01:18 UTC