{"id":27691,"date":"2020-08-19T08:47:57","date_gmt":"2020-08-19T08:47:57","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=27691"},"modified":"2020-08-19T08:48:08","modified_gmt":"2020-08-19T08:48:08","slug":"pension-assets-to-grow-by-8-5-this-year-report","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=27691","title":{"rendered":"Pension assets to grow by 8.5% this year \u2013Report"},"content":{"rendered":"\n
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Nigeria\u2019s pension assets under the contributory pension scheme are projected to expand by 8.5 per cent this year regardless of the economic impact of the coronavirus pandemic.<\/p>\n\n\n\n

Business intelligence and risk rating firm, Agusto & Co. said this in its pension industry report on Tuesday, titled \u2018Pension Assets Estimated to Grow by 8.5 per cent in 2020 Despite a Slowdown Due to the COVID-19 Pandemic<\/a>.\u2019<\/p>\n\n\n\n

Nigeria\u2019s total pension assets stood at N10.8 trillion in May, up from N10.6 trillion in April, the National Pension Commission said last month.<\/p>\n\n\n\n

\u201cGoing forward, Agusto & Co expects a considerable slowdown in assets under management growth driven by lower contributions as unemployment is expected to rise significantly given the weakened macroeconomic environment following the COVID-19 pandemic.<\/p>\n\n\n\n

\u201cJob losses are expected to trigger higher benefit withdrawals as disengaged enrolees seek access to the 25 per cent lump sum drawings permitted by the National Pension Commission regulations for employees out of work for more than three months,\u201d Agusto & Co said.<\/p>\n\n\n\n

The firm expects investment performance to decline steeply in line with lower yields on government securities, which provides over 70 per cent of the industry\u2019s asset allocation.<\/p>\n\n\n\n

\u201cNonetheless, we note positively the favourable demography of enrolees, which has over 73.8 per cent below the age of 50 indicating relatively low expectations of liquidity events such as lump-sum payments, annuities and programmed withdrawals.<\/p>\n\n\n\n

\u201cWe expect AuM to continue to grow albeit at a much slower pace of 8.5 per cent in 2020 and rising to 12 per cent in 2021, which is well below the compound annual growth rate of 17.2 per cent over the last five years,\u201d the report added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nigeria\u2019s pension assets under the contributory pension scheme are projected to expand by 8.5 per cent this year regardless of the economic impact of the coronavirus pandemic. Business intelligence and risk rating firm, Agusto & Co. said this in its pension industry report on Tuesday, titled \u2018Pension Assets Estimated to Grow by 8.5 per cent […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[21],"tags":[],"yoast_head":"\nPension assets to grow by 8.5% this year \u2013Report » WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=27691\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=27691#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=21\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Pension assets to grow by 8.5% this year \u2013Report\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pension assets to grow by 8.5% this year \u2013Report » WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=27691","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=27691#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Economy","item":"https:\/\/watchdogplusmedia.com\/?cat=21"},{"@type":"ListItem","position":3,"name":"Pension assets to grow by 8.5% this year \u2013Report"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=21\" rel=\"category\">Economy<\/a>","rttpg_excerpt":"Nigeria\u2019s pension assets under the contributory pension scheme are projected to expand by 8.5 per cent this year regardless of the economic impact of the coronavirus pandemic. Business intelligence and risk rating firm, Agusto & Co. said this in its pension industry report on Tuesday, titled \u2018Pension Assets Estimated to Grow by 8.5 per cent…","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/27691"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27691"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/27691\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}