Pension fund assets hit N4.6trn in Oct 2014

The National Pension Commission, PenCom, has said that the country’s pension assets hit N4.6 trillion in October 2014.

This is contained in the PenCom Monthly Report made available to journalists Abuja on Monday.

The report said the assets comprise the domestic ordinary shares, foreign ordinary shares, Federal Government and state government securities.

Among other assets, the report stated, were corporate debt securities, supranational bonds, local money market securities, foreign money market securities, open/close-end funds, real estate properties, private equity funds and cash.

The breakdown of the net asset value showed that under the domestic ordinary shares, Approved Existing Scheme, AES, stood at N127.7 billion, while the Closed Pension Fund Administrator (CPFA) was N94.7 billion.

It also indicated that Retirement Savings Account Active Fund stood at N365.5 billion while retiree fund stood at N4.58 billion bringing to total of domestic ordinary shares to N592.5 billion.

The report stated that foreign ordinary shares, with only CPFA as its component accounted for N54.97 billion within the period under review.

According to the report, under the Federal Government securities, bonds accounted for N2.3 trillion, representing 49.9 per cent of the total assets value, while treasury bills accounted for N541.96 billion.

The report also showed that the state government securities accounted for N179.53 billion while corporate debt securities stood at N91.61 billion.

It stated that supra-national bonds amounted to N12.14 billion while local money market securities totaled N561.64 billion.

The report also indicated that foreign money market securities accounted for N992.32 million and open/close-end funds mounted to N20.30 billion while real estate properties accounted for N204.32 billion.

According to the report, private equity fund accounted for N9.45 billion while cash and other assets accounted for N19.68 billion.


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