Pension fund assets hit N9.03tr in 1Q




The Pension Fund Asset under Management as at the end of first quarter 2019 stood at N9.03 trillion.

This represents an increase of N400 billion or 4.63 per cent compared to  N8.63 trillion reported in fourth quarter of 2018.

The pension asset and RSA membership data for the first quarter of 2019  reflected that 8,569,037 workers from both public and private sectors are registered under the against  8,410,184 registered workers in the preceding quarter.

Of the total number of the workers registered, male  comprises of 6.046 trillion while  the remaining 2.552 were females.

The  data released by National  Bureau of Statistics  showed that the FGN Bonds has the highest weight percentage of 49.37 per cent of the total pension fund assets and closely followed by treasury bills with 21.44 per cent weight and local money market securities with 9.68 per cent weight.

Corporate debt securities weighted 5.29 per centage, domestic ordinary shares was 6.54 per cent, real estate properties has weight of 2.56 per cent while foreign money market securities has the least with 0.25 per cent weight.

Participants within the age distribution 30-39yrs have the highest percentage composition with 35.77 per cent, followed by participants within the age bracket of 40-49yrs and 50-59yrs with 28.12 per cent and 18.02 per cent respectively while participants above 65 years have the least percentage composition with 2.78 per cent.

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