The Pension Fund Administrators recorded N266.13bn gain from investment of pension funds in fixed income securities in the third quarter of 2022.
On net realised gains/ on bonds, it said total realised gains for the period decreased significantly by N8.25bn from N10.25 in Q2,2022 to N2bn in Q3, 2022.
On transfers to RSA retiree funds and benefits payments, it said total transfers from RSA ‘Active’ Funds to RSA retiree fund and payment of 25 per cent unemployment benefits in Q3, 2022 amounted to N349.7bn, which was higher by 30.69 per cent, of N267.58bn outflows in Q2, 2022.It said the average rate of return for RSA Funds I, II, III, V and VI Active were 3.42 per cent, 4.99 per cent, 7.65 per cent, 9.19 per cent and 6.87 per cent respectively.
The commission said the direction of performances for the funds reflected the asset allocation and security selection of the various funds under management. It noted that the relatively lower performances of the RSA Funds for I, II & VI Active in Q3, 2022 were due to significant depreciation in the prices of equities and Marked to Market bonds during the period.
Funds I and II recorded the highest unrealised losses due to higher exposure to equities and MTM bonds, it said.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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