PenCom Steps Up Diversification Of Investments In Pension Fund Portfolio Assets
Mrs Aisha Dahir-Umar, DG, PenCom
In order to hedge against rising inflation and ensure adequate annual pension fund returns for Retirement Saving Account and Legacy Funds, the National Pension Commission (PenCom) said it has continued to ensure further diversification of investments in pension fund portfolio assets.
The Director General, PenCom, Mrs Aisha Dahir-Umar, made this known in her Remarks as contained in the Commission’s Fourth Quarter 2022 Report.
According to her, “During the reporting period, the Commission stepped up its efforts to ensure sustainable investment by pension funds in alternative asset classes and structured infrastructure projects that meet the strict requirements of the Pension Fund Investments Regulation.
“We continued our efforts to ensure further diversification of investments in pension fund portfolio assets. While rising inflation continues to challenge the Nigerian economy, it should be noted that efforts are being made to ensure average annual pension fund returns for RSA and legacy funds exceed headline inflation.”
PenCom boss said the significant achievement in the Nigerian pension industry would not have been possible without the right people, strategy, culture and governance structure to support delivering consistent and sustainable value to all stakeholders.
While reiterating the Commission’s unwavering commitment to meeting the needs of its stakeholders, providing best practice in pension regulation and supervision in Nigeria, she expressed delight that despite the overwhelming head-winds in the global economic climate and the country’s challenging macroeconomic environment, the Pension Fund Assets under Management (AuM) increased by N568.33 billion from ₦14.42 trillion as 30 September 2022 to N14.99 trillion as at 31 December 2022.
This laudable performance, in the growth of the AuM, according to her, “points to the fact that the pension industry will continue to deliver value and benefit to its stakeholders and the nation’s economy.”
