Closed Pension Fund Administrator funds in Q3 2021 was stable at N1.47tr compared to Q2 N1.46tr. It increased by 1.74% in Q3. Also stable was level of funds invested in different asset classes.
In the asset class stating funds injection into various schemes closing at 19, FGN securities and FGN bonds held the traditional preference gulping N759bn or 51.92% and N736.40bn or 50.33 in Q2 respectively. It dropped slightly in Q3 though, it was stable at 753.92bn or 50.64% and 729.55bn or 49.01% respectively.
However, there were asset classes that improved with a variance of two digits for green bonds between June 2021 to September 2021. In Q2 green bonds funds was N77bn or 0.05 %. It increased to N85bn or 0.06% in Q3 representing a variance weight of 10.15%.
Infrastructure funds and sukuk bonds recorded increases. Infrastructure fund was N7.28bn or 0.50% in Q2 same was N7.85bn or 0.53% in Q3 respectively a variance of 7.89%. For sukuk bonds the investment from CPFA was N60bn or 0.04% in Q2 and N64bn or 0.04% in Q3, a variance of 6.84%.
National Pension Commission cleared that the total funds injected by the various scheme sponsors to bridge funding deficits and members’ contributions (for contributory schemes) in Q3 2021 amounted to N27.73bn, representing an increase of N12.37 bn to N15.35bn in Q2 2021.
Also, interest income increased by N1.12bn to N29.36bn in Q3 2021 due to additional investments in fixed income securities and higher interest rates on short-term money market securities.
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