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Pension Fund Hits N8.2tr In Q2 2018 With 8.13m Workers – NBS

The National Bureau of Statistics (NBS) says8,136,202 workers were registered under the pension scheme in the second quarter of 2018 compared to 7,975,976 registered workers in Q1 2018 while the Pension Fund Asset under Management as at Q2 2018 stood at N8,232mln as against N7,943mln in Q1 2018.

The NBS disclosed this in its “Pension Asset and Retirement Savings Account (RSA) Membership data,” released on Friday.

According to the report, FGN Bonds has the highest weight percentage of 49.08% of the total pension fund assets and closely followed by treasury bills with 20.76% weight and domestic ordinary Shares with 8.62% weight while green bonds have the least with 0.09% weight.

Brand Spur gathered from the data that participants within the age distribution 30-39yrs have the highest percentage composition closely followed by participants within the age bracket of 40-49yrs and 50-59yrs while participants above 65years have the least percentage composition.

Pension Fund Asset under Management Report…

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