ARTICLE
Posted on 02 Feb 07 Understanding Pension Fund Investment Guidelines
Find out the Guidelines PFAs must work within while investing and growing your Funds.
The principles underlying the guidelines seek to ensure a broad asset allocation, diversification within asset classes, risk management and mitigation, liquidity, and competitive investment returns. These principles will ensure that contributions made under the Act are invested properly, and that such funds are protected from market distress.
INDUSTRY NEWS
Posted on 02 Feb 07 Increase in Pension Contributions for Federal Public Servants During the month, the Federal Government also announced an increase in the emoluments of Federal public servants. With this increase the corresponding contributions into employees’RSAs will increase, potentially increasing their retirement benefits into the future. In line with prevailing public service rules, the retirement benefits of existing pensioners will increase accordingly with the current remuneration of serving public servants.
Pension fund up 27.33%, may hit N1.6trn by 2011.
As more workers in both the private and public sectors of the economy continue to register with licensed Pension Fund Administrators (PFAs) under the contributory pension scheme, there is growing optimism that the scheme would achieve its ambitious growth target of N1.6 trillion in asset by 2011. Read More
