BREAKING:Total pension assets rose to N12.3tn in 2020


Complete benefits resources under the Contributory Pension Scheme rose by N2.1tn to N12.3tn in 2020 from N10.2tn as of the end 2019.

This is as per the most recent information from the National Pension Commission.

As per PenCom, about N8.13tn of the assets was put resources into the Federal Government of Nigeria Bonds, while N858.46bn and N92.91bn were put resources into homegrown and unfamiliar normal offers separately.

The report likewise shows that N1.68tn and N161.39bn were additionally put resources into neighborhood currency market protections and common assets individually.

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As a component of endeavors to support administrations in the business, the commission said it has opened the exchange window to empower laborers in the Contributory Pension Scheme to change their annuity organizations, just as a strong electronic stage that would empower consistent exchanges to the Retirement Savings Account.


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