Status of Contributory Pension Assets as at May 2022 – PensionNigeria

Status of Contributory Pension Assets as at May 2022

Contributory Pension Assets increased by approximately N133.76 billion in May 2022 compared to an increase of N181.34 billion in April 2022.

The total assets under the Contributory Pension Scheme increased to approximately N14.19 trillion as at the end of May 2022 compared to the N14.06 trillion as at the end of April 2022.

The Top 7 places where pension funds were invested as at May 2022, with percentage invested, are;

FGN Securities N8.81 Trillion (62.06%)
Money Market Instrument N2.20 Trillion (15.52%)
Corporate Debt Securities N1.19 Trillion (8.42%)
Domestic Ordinary Shares N1.01 Trillion (7.10%)
Cash & Other Assets N284 Billion (2.00%)
Real Estate Properties N236 Billion (1.67%)
State Govt. Securities N174 Billion (1.23%)

Support PensionNigeria financially here, empower us to do more independent analysis of the Pension Industry in Nigeria

Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening. Click here to Subscribe

Below is the full report on the Status of Contributory Pension Assets as at end of May 2022.

Please note this is the latest report from the National Pension Commission (PenCom) and the figures are based on unaudited valuation reports.

Definition of Terms:

EXISTING SCHEMES: Approved Existing Schemes are Pension schemes existing prior to the introduction of the Contributory Pension Scheme (CPS) in June, 2004 and were approved to continue as AES. Membership of this fund is restricted to employees of that specific organization.

CPFAs: These are Pension schemes in the private sector existing prior to the introduction of CPS and were licensed to operate as Closed Pension Fund Administrators and membership of this fund is restricted to employees of that specific organization.

RSA FUND I: Retirement Savings Account Fund I (An Active Contributor who is below 50 yrs of age and chooses for his contribution to be invested in this fund).

RSA FUND II: Retirement Savings Account Fund II (default fund for all Active Contributors who are below 50 yrs of age).

RSA FUND III: Retirement Savings Account Fund III (default fund for all Active Contributors who are 50 yrs and above).

RSA FUND IV: Retirement Savings Account Fund IV (Fund for Retirees only).

RSA FUND V: Micro Pension Fund is for the informal sector and employees of organizations with less than 3 employees.

RSA FUND VI: Non Interest Fund.

Support PensionNigeria financially here, empower us to do more independent analysis of the Pension Industry in Nigeria

Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening. Click here to Subscribe

DONT MISS our 1st Quarter 2022 Report Series

Performance of all PFAs in Nigeria for January to March 2022
Micro Pension ROI for January to March 2022 for all PFAs in Nigeria
Update on RSA Transfer System (RTS) 1st Quarter 2022
Status of Contributory Pension Assets as at 31 March 2022
Status of Implementation of CPS in States as at 31 March 2022
PenCom First Quarter 2022 Q1 Report Executive Summary
Total RSA Registration with Age & Gender Breakdown as at 31 March 2022
Analysis of Pension Operating Environment Q1 2022
Appointment & Resignation of Pension Operators’ Board Members Q1 2022
PenCom issued 10,541 organizations Compliance Certificates in 1st Quarter of 2022
23 Employers paid N295.45 Million Penalty for late Remittance of Pension Contribution
How PenCom monitored the Pension Industry in 1st Quarter of 2022
Status of Contributory Pension Assets as at May 2022
Biggest PFAs & Fastest Growing PFAs by RSA Registrations 31 March 2022
More reports will be added as soon as they are available

Also Check out
Performance of all PFAs in Nigeria for Full Year 2021

Support PensionNigeria financially here, empower us to do more independent analysis of the Pension Industry in Nigeria

Subscribe to PensionNigeria Weekly Newsletter to ensure you don’t miss any post Click here to Subscribe

Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube

error: Content is protected.