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‘Poor yields on securities, inflation affect pension growth’
Low yield on fixed-income securities and escalating inflation rate are threats to the growth of pension fund assets in the short and medium-term, the Director-General, Lagos Chambers of Commerce and Industry (LCCI), Muda Yusuf, has said.
Yusuf, who spoke at an insurance forum in Lagos, advocated the de-risking of the real sector, to attract more investment. He stated that given their low-risk nature, pension funds are invested in Federal Government securities.
Nigerian University Pension Management Company Limited (NUPEMCO) is the licensed Pension Fund Administrator for the Nigerian University System.
