An Update on National Pension Commission Activities
Discover the latest updates from the National Pension Commission presented at the 1st Qtr. 2017 Capital Market Committee Meeting in Abuja, Nigeria. Key highlights include amended regulations on pension fund investments, industry statistics, and important enquiries. Stay informed about the changing landscape of pension fund management in Nigeria.
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Presentation Transcript
An update of activities of the National Pension Commission A Presentation to the: 1st Qtr. 2017 Capital Market Committee Meeting NATIONAL PENSION COMMISSION ABUJA, NIGERIA APRIL 2016
2 Outline 1. Amended Regulation on Investment of Pension Fund Assets 2. Pension Industry Statistics 3. Enquiries
3 Amended Regulation on Investment of Pension Fund Assets The Amended Investment approved by the Presidency. Regulation had recently been Key highlights of the amendments include: i. Introduction of the MultiFund Structure - to align pension fund investments with the varying risk appetite/tolerance of Contributors. ii. New allowable investment outlets Non-Interest Capital Market Products e.g. Sukuk Equities of new companies which evolved as a result of mergers, acquisitions arrangements e.g. Bank Hold Cos or any other combination Public Education Campaigns in this regard, would commence shortly.
4 Pension Industry Statistics (1) Variance - (Dec-2016 / Feb-2017) N'Billion (27.51) Asset Class 31-Dec-16 N'Billion 585.64 31-Jan-17 N'Billion 574.12 28-Feb-17 N'Billion 558.13 % % % % (5%) 9.50% 9.18% 8.86% Ordinary Shares FGN Securities: FGN Bonds Treasury Bills State Govt. Bonds Corporate Debt Securities Supranational Bonds Money Market Instruments Open/Close-End Funds Real Estate Properties Private Equity Fund Infrastructure Funds Cash & Other Assets Total Pension Fund Assets 3,639.17 59.03% 779.13 12.64% 147.62 288.01 12.83 400.87 18.97 219.47 19.00 2.06 52.07 6,164.84 3,645.97 58.28% 829.80 13.26% 149.03 291.74 12.94 455.04 19.68 213.11 18.17 2.23 44.07 6,255.89 3,788.84 60.15% 851.42 13.52% 150.37 258.34 12.35 389.85 19.14 216.88 17.81 2.22 33.58 6,298.93 149.67 72.29 2.75 (29.67) (0.48) (11.02) 0.17 (2.59) (1.19) 0.16 (18.49) (55%) 134.09 4% 8% 2% 2.39% 4.67% 0.21% 6.50% 0.31% 3.56% 0.31% 0.03% 0.84% 100% 2.38% 4.66% 0.21% 7.27% 0.31% 3.41% 0.29% 0.04% 0.70% 100% 2.39% 4.10% 0.20% 6.19% 0.30% 3.44% 0.28% 0.04% 0.53% 100% (11%) (4%) (3%) 1% (1%) (7%) 7% 2%
5 Pension Industry Statistics (2) As at 28 February 2017, the total value of the pension industry assets increased by 134.09Billion (2%), as it increased from 6.16Trillion on 31 December, 2016, to 6.30Trillion as at 28 February, 2017. The net increase in the value of pension assets was mainly due to interests/coupons on fixed income investments as well as contributions received during the period.
Enquiries: National Pension Commission Plot 174, Adetokunbo Ademola Crescent Wuse II, Abuja Email: info@pencom.gov.ng Website: www.pencom.gov.ng
