Over 7m workers registered under pension scheme Q3, 2017 – NBS

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Figures from the Pension Asset and RSA Membership Data Q1 – Q3 2017 indicate that 7,710,564 workers have so far been registered under the pension scheme compared to 7,589,936 590 workers in Q2 2017 while the Pension Fund Asset under Management as at Q3 2017 stood at N7,164mln as against N6,832mln in Q2 2017.

FGN Bonds has the highest weight percentage of 54.09 per cent of the total pension fund assets and closely followed by treasury bills with 17.73 per cent weight and domestic ordinary Shares with 8.66 per cent weight while infrastructure funds has the least with 0.07 per cent weight.

Participants within the age distribution below 40years have the highest percentage composition closely followed by participants less than 30 years and within the age bracket of 40-49 years while participants above 60years has the least percentage composition.

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