Status of Contributory Pension Assets as at 30 June 2023

September 30, 2023 PensionNigeria

Contributory Pension Assets increased by approximately N654.33 billion in June 2023 compared to an increase of N335.57 billion in May 2023.

The total assets under the Contributory Pension Scheme increased to approximately N16.76 trillion as at the end of June 2023 compared to the N16.11 trillion as at the end of May 2023.

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The Top 7 places where pension funds were invested as at June 2023, with percentage invested, are;

Total FGN Securities N10.86 Trillion (64.78%)
Corporate Debt Securities N1.89 Trillion (11.25%)
Money Market Instruments N1.58 Trillion (9.41%)
Domestic Ordinary Shares N1.27 Trillion (7.57%)
State Govt Securities N277.36 Billion (1.65%)
Real Estate N218.60 Billion (1.30%)
Foreign Ordinary Shares N192.25 Billion (1.15%)

Below is the full report on the Status of Contributory Pension Assets as at end of June 2023.

Please note this report is 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.

Check below for PensionNigeria breakdown of all the important aspects of the PenCom 2nd Quarter 2023 Report

DONT MISS our 2nd Quarter 2023 Report Series

Update on RSA Transfer System (RTS) 2nd Quarter 2023
List of Organisations Issued Compliance Certificates as at 30 June 2023
Total RSA Registration as at 30 June 2023
Status of Contributory Pension Assets as at 30 June 2023
More reports will be added here once available

Also Check out
Performance of all PFAs in Nigeria

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