Status of Contributory Pension Assets as at end of September 2020

January 14, 2021 PensionNigeria

Contributory Pension Assets increased by approximately N220 Billion in September 2020 compared to an increase of N40 Billion in August 2020.

The total assets under the Contributory Pension Scheme increased to approximately N11.57 Trillion as at the end of September 2020 compared to the N11.35 Trillion as at the end of August 2020.

The Top 7 places pension funds were invested as at September 2020 are;

FGN Securities N7.55 Trillion (65.29%)
Local Money Market Securities N2.01 Trillion (17.37%)
Corporate Debt Securities N670b (5.80%)
Domestic Ordinary Shares N586b (5.06%)
Real Estate Properties N218b (1.88%)
Cash & Other Assets N162b (1.40%)
State Govt. Securities N150b (1.30%)

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Below is the full report on the Status of Contributory Pension Assets as at end of September 2020.

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.

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