PenCom DG, Aisha Dahir- Umar

 

Pension fund investment gained N119.68bn from equity in the fourth quarter of 2020, the National Pension Commission has revealed. Figures obtained on Monday from the PenCom report titled ‘Net realised gains/(losses) on equity/bonds in fourth quarter report’ revealed this. Part of the report read, “The net realised gains on the sale of equities and bonds in Q4:2020 amounted to N119.68bn, compared to the realised gains of N39.94bn recorded in Q3:2020. “This was mainly attributed to profit taking activities resulting from market appreciation in the prices of units held in these asset classes, during the period under review.” According to the report, monthly pension contributions totaling N261.83bn were received in the fourth quarter for the Retirement Savings Account Funds I, II, III and V. The amount represented a decrease compared to the total contributions of N291.19bn recorded in the third quarter. It stated that the interests/coupons received on investments in fixed income securities amounted to N178.21bn in fourth quarter. The amount was lower than N194.61bn recorded in the third quarter due to reduction in yields on fixed income securities in the fourth quarter of 2020. Lower dividends totaling N3.91bn were received in the fourth quarter relative to N7.16bn received in the third quarter