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Chuks Udo Okonta
The National Pension Commission (PenCom) said
efforts are being made to ensure average annual pension fund returns for Retirement Savings Account (RSA) and legacy funds exceed headline inflation.
The Director-General, PenCom, Mrs. Aisha Dahir-Umar, disclosed this in the fourth quarter 2022 report published by the commission, stressing that PenCom would continued on its efforts to ensure further diversification of investments in pension fund portfolio assets.
She noted that during the reporting period, the Commission stepped up its efforts to ensure sustainable investment by pension funds in alternative asset classes and structured infrastructure projects that meet the strict requirements of the Pension Fund Investments Regulation.
“We continued our efforts to ensure further diversification of investments in pension fund portfolio assets.
“While rising inflation continues to challenge the Nigerian economy, it should be noted that efforts are being made to ensure average annual pension fund returns for RSA and legacy funds exceed headline inflation,” she said.
The Director General said the significant achievement in the Nigerian pension industry would not have been possible without the right people, strategy, culture and
governance structure to support delivering consistent and sustainable value to all stakeholders.
“We reiterate our unwavering commitment to meeting the needs of our stakeholders, providing best practice in pension regulation and supervision in Nigeria,” she submitted.