National Pension Commission Activities Update March 2019 Meeting
Explore recent developments in the National Pension Commission's activities as presented at the Capital Market Committee meeting in March 2019, covering pension statistics, investment regulations, asset recap, and fund assets comparison between December 2018 and December 2017.
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Presentation Transcript
An update of activities of the National Pension Commission A Presentation to the: Capital Market Committee Meeting NATIONAL PENSION COMMISSION ABUJA, NIGERIA MARCH, 2019
2 Outline 1. Recent developments from last CMC Meeting 2. Pension Statistics as at 31 December 2018
3 Recent developments from last CMC Meeting The revised Regulation on Investment of Pension Fund Assets had been approved and released with effect from 1 February, 2019. The Regulation has been updated to include the following Funds under the RSA MultiFund Structure : Fund V - the Non-Interest Fund; Fund VI the MicroPension Fund. Other amendments to make the Investment Regulation more flexible include: The upward review of investment limits for State & Local Government Bonds, Corporate Debt Securities, Supranational Bonds, Ordinary Shares and Open/Close-ended Funds. i. ii. i.
4 Recent developments from last CMC Meeting cont d 2018 Recap: The total value of pension assets amounted to N8.63Trillion as at 31 December, 2018, representing a net growth of N1.12Trillion (15%), when compared N7.51Trillion as at 31 December, 2017. The net increase in the value of assets was mainly due to new pension contributions and investment incomes on fixed income securities. with the value of
5 Summary of Pension Fund Assets Dec. 18 Vs. Dec. 17 TOTAL PENSION FUND ASSETS As at 31-Dec-2018 N' 000 Weight % 606,640.30 55,961.86 6,311,234.07 4,535,357.45 1,672,041.02 11,566.85 85,042.09 7,226.66 138,709.59 468,529.69 461,010.58 7,519.11 6,913.22 709,653.98 626,844.39 82,809.59 3,209.89 24,008.09 8,473.05 15,535.04 231,514.25 31,348.28 18,509.66 30,515.41 8,636,748.30 TOTAL PENSION FUND ASSETS As at 31-Dec-2017 N' 000 Weight % 671,981.43 104,605.11 5,292,375.67 4,044,724.75 1,178,088.79 5,819.92 56,556.11 7,186.11 152,406.81 268,122.69 261,489.88 6,632.81 11,434.52 681,352.43 601,494.49 79,857.94 35,390.24 24,986.28 7,336.58 17,649.69 205,328.64 25,437.54 5,719.40 35,116.93 7,514,257.68 100.00% VARIANCE - DEC 18/DEC 17 N' 000 (65,341.13) (48,643.25) 1,018,858.40 490,632.70 493,952.23 5,746.94 28,485.98 40.56 (13,697.22) 200,407.00 199,520.70 886.30 (4,521.29) 28,301.55 25,349.90 2,951.65 (32,180.35) (978.19) 1,136.47 (2,114.65) 26,185.61 5,910.74 12,790.26 (4,601.52) 1,122,490.61 ASSET CLASS Weight % -9.72% -46.50% 19.25% 12.13% 41.93% 98.75% 50.37% 0.56% -8.99% 74.74% 76.30% 13.36% -39.54% 4.15% 4.21% 3.70% -90.93% -3.91% 15.49% -11.98% 12.75% 23.24% 223.63% -13.10% 14.94% Domestic Ordinary Shares Foreign Ordinary Shares*** FGN Securities: FGN Bonds Treasury Bills Agency Bonds (NMRC & FMBN) Sukuk Bonds Green Bonds State Govt. Securities Corporate Debt Securities Corporate Bonds Corporate Infrastructure Bonds Supra-National Bonds Local Money Market Securities: Banks Commercial Papers Foreign Money Market Securities*** Mutual Funds: Open/Close-End Funds Reits Real Estate Properties*** Private Equity Fund Infrastructure Fund Cash & Other Assets Net Assets Value 7.02% 0.65% 73.07% 52.51% 19.36% 0.13% 0.98% 0.08% 1.61% 5.42% 5.34% 0.09% 0.08% 8.22% 7.26% 0.96% 0.04% 0.28% 0.10% 0.18% 2.68% 0.36% 0.21% 0.35% 100.00% 8.94% 1.39% 70.43% 53.83% 15.68% 0.08% 0.75% 0.10% 2.03% 3.57% 3.48% 0.09% 0.15% 9.07% 8.00% 1.06% 0.47% 0.33% 0.10% 0.23% 2.73% 0.34% 0.08% 0.47% ***These are legacy assets of the AES/CPFA funds. December 2018 figures are tentative as year 2018 audit of pension funds is yet to be concluded.
