Pension Asset and Membership Data

Transcription

1 Pension Asset and Membership Data (Q2 2018) Report Date: August 2018 Data Source: National Bureau of Statistics / National Pension Commission

2 Contents Executive Summary 1 RSA Membership Q2 Federal State Private Total Summary of Pension Fund Assets - Q2 Approved Existing Scheme Closed Pension Fund Administrators RSA Active Fund RSA Retiree Fund Total Pension Fund Assets Weight Appendix 17 Methodology Acknowledgment and Contact 20 21

3 Executive Summary The Pension Asset and RSA Membership Data Q reflected that 8,136,202 workers are registered under the pension scheme compared to 7,975,976 registered workers in Q while the Pension Fund Asset under Management as at Q stood at N8,232mln as against N7,943mln in Q FGN Bonds has the highest weight percentage of 49.08% of the total pension fund assets and closely followed by treasury bills with 20.76% weight and domestic ordinary Shares with 8.62% weight while green bonds has the least with 0.09% weight. Participants within the age distribution 30-39yrs have the highest percentage composition closely followed by participants within the age bracket of 40-49yrs and 50-59yrs while participants above 65years has the least percentage composition. 1

4 Federal LESS THAN 30 YEARS YEARS YEARS 70, , ,427 FE 29,522 FE 193,358 FE 157, , , , YEARS YRS YEARS ABOVE 65 YEARS 286, ,816 54,419 FE 109,215 FE 30,304 FE 12, , ,120 67,054 FE 1,418, ,944 1,951,692 2

5 State LESS THAN 30 YEARS YEARS YEARS 22, , ,987 FE 19,157 FE 165,625 FE 239,217 41, , , YEARS YRS YEARS ABOVE 65 YEARS 274,327 95,481 39,478 FE 212,150 FE 52,819 FE 13, , ,300 52,774 FE 899, ,264 1,601,734 3

6 Private LESS THAN 30 YEARS YEARS YEARS 417,798 1,395, ,732 FE 213,298 FE 548,534 FE 268, ,096 1,943,769 1,204, YEARS YRS YEARS ABOVE 65 YEARS 481, ,750 72,786 FE 95,408 FE 16,251 FE 7, , ,001 80,035 FE 3,433,684 1,149,092 4,582,776 4

7 Total (Private and Public) LESS THAN 30 YEARS YEARS YEARS 511,002 2,112,869 1,582,146 FE 261,977 FE 907,517 FE 665, ,979 3,020,386 2,247, YEARS YRS YEARS ABOVE 65 YEARS 1,042, , ,683 FE 416,773 FE 99,374 FE 33,180 1,458, , ,863 FE 5,751,902 2,384,300 8,136,202 Pension Asset and Membership Data Q1 Q2 Q

8 AES - Approved Existing Scheme ASSET CLASS (N MILLION) DOMESTIC ORDINARY SHARES FOREIGN ORDINARY SHARES N93, N0.00 FGN N377, STATE GOVT. SECURITIES N15, TREASURY BILLS N230, FGN SECURITIES N608, GREEN N0.00 AGENCY (NMRC & FMBN) N0.00 SUKUK N0.00 INFRASTRUCTURE SUPRA-NATIONAL DEBT SECURITIES N36, N36, N0.00 N0.00 6

9 AES - Approved Existing Scheme LOCAL MONEY MARKET SECURITIES BANKS COMMERCIAL PAPERS FOREIGN MONEY MARKET SECURITIES N74, N65, N8, N0.00 MUTUAL FUNDS N2, OPEN/CLOSE-END FUNDS REITS (Real Estate Investment Trust) N2, N0.00 REAL ESTATE PROPERTIES PRIVATE EQUITY FUND N112, N0.00 INFRASTRUCTURE FUND CASH & OTHER ASSETS N N7, OTHER LIABILITIES N-3, PENSION FUND ASSET N947,

10 CPFA -Closed Pension Fund Administrators ASSET CLASS (N MILLION) DOMESTIC ORDINARY SHARES N41, FOREIGN ORDINARY SHARES N61, FGN N422, STATE GOVT. SECURITIES N16, TREASURY BILLS N162, FGN SECURITIES N585, GREEN N0.00 AGENCY (NMRC & FMBN) N SUKUK N INFRASTRUCTURE SUPRA-NATIONAL DEBT SECURITIES N156, N156, N0.00 N1,

11 CPFA -Closed Pension Fund Administrators LOCAL MONEY MARKET SECURITIES BANKS COMMERCIAL PAPERS FOREIGN MONEY MARKET SECURITIES N73, N70, N2, N MUTUAL FUNDS N3, OPEN/CLOSE-END FUNDS REITS (Real Estate Investment Trust) N2, N REAL ESTATE PROPERTIES N131, PRIVATE EQUITY FUND N21, INFRASTRUCTURE FUND N2, CASH & OTHER ASSETS N7, OTHER LIABILITIES N-16, PENSION FUND ASSET N1,086,

12 RSA Active Fund ASSET CLASS (N MILLION) DOMESTIC ORDINARY SHARES FOREIGN ORDINARY SHARES N566, N0.00 FGN N2,950, STATE GOVT. SECURITIES N106, TREASURY BILLS N1,129, FGN SECURITIES N4,151, GREEN N7, AGENCY (NMRC & FMBN) N7, SUKUK N56, INFRASTRUCTURE SUPRA-NATIONAL DEBT SECURITIES N177, N171, N6, N4,

13 RSA Active Fund LOCAL MONEY MARKET SECURITIES BANKS COMMERCIAL PAPERS FOREIGN MONEY MARKET SECURITIES N506, N424, N82, N0.00 MUTUAL FUNDS N14, OPEN/CLOSE-END FUNDS N5, REITS (Real Estate Investment Trust) N8, REAL ESTATE PROPERTIES PRIVATE EQUITY FUND N0.00 N16, INFRASTRUCTURE FUND N8, CASH & OTHER ASSETS N30, OTHER LIABILITIES N-10, PENSION FUND ASSET N5,572,

14 RSA Retiree Fund ASSET CLASS (N MILLION) DOMESTIC ORDINARY SHARES FOREIGN ORDINARY SHARES N7, N0.00 FGN N38, STATE GOVT. SECURITIES N13, TREASURY BILLS N186, FGN SECURITIES N477, GREEN N AGENCY (NMRC & FMBN) N SUKUK N1, INFRASTRUCTURE SUPRA-NATIONAL DEBT SECURITIES N38, N38, N N

15 RSA Retiree Fund LOCAL MONEY MARKET SECURITIES BANKS COMMERCIAL PAPERS FOREIGN MONEY MARKET SECURITIES N81, N67, N14, N0.00 MUTUAL FUNDS N0.00 OPEN/CLOSE-END FUNDS REITS (Real Estate Investment Trust) N0.00 N0.00 REAL ESTATE PROPERTIES PRIVATE EQUITY FUND N0.00 N0.00 INFRASTRUCTURE FUND CASH & OTHER ASSETS N0.00 N4, OTHER LIABILITIES N-1, PENSION FUND ASSET N625,

16 Total Pension Fund Assets ASSET CLASS (N MILLION) DOMESTIC ORDINARY SHARES N709, FOREIGN ORDINARY SHARES N61, FGN N4,040, STATE GOVT. SECURITIES N151, TREASURY BILLS N1,709, FGN SECURITIES N5,823, GREEN N7, AGENCY (NMRC & FMBN) N8, SUKUK N58, INFRASTRUCTURE SUPRA-NATIONAL DEBT SECURITIES N408, N401, N7, N8,

17 Total Pension Fund Assets LOCAL MONEY MARKET SECURITIES BANKS COMMERCIAL PAPERS FOREIGN MONEY MARKET SECURITIES N736, N628, N107, N MUTUAL FUNDS N19, OPEN/CLOSE-END FUNDS N10, REITS (Real Estate Investment Trust) N9, REAL ESTATE PROPERTIES N244, PRIVATE EQUITY FUND N38, INFRASTRUCTURE FUND N11, CASH & OTHER ASSETS N50, OTHER LIABILITIES N-32, PENSION FUND ASSET N8,232,

18 Weight ASSET CLASS (WEIGHT %) DOMESTIC ORDINARY SHARES FOREIGN ORDINARY SHARES 8.62% 0.75% FGN 49.08% STATE GOVT. SECURITIES 1.85% TREASURY BILLS 20.76% FGN SECURITIES 70.75% GREEN 0.09% AGENCY (NMRC & FMBN) 0.10% SUKUK 0.71% INFRASTRUCTURE SUPRA-NATIONAL DEBT SECURITIES 4.96% 4.88% 0.09% 0.10% 16

19 Weight LOCAL MONEY MARKET SECURITIES BANKS COMMERCIAL PAPERS FOREIGN MONEY MARKET SECURITIES 8.95% 7.64% 1.31% 0.00% MUTUAL FUNDS 0.24% OPEN/CLOSE-END FUNDS REITS (Real Estate Investment Trust) 0.13% 0.12% REAL ESTATE PROPERTIES PRIVATE EQUITY FUND 2.97% 0.47% INFRASTRUCTURE FUND CASH & OTHER ASSETS 0.14% 0.61% OTHER LIABILITIES -0.40% PENSION FUND ASSET % 17

20 REPORT ON PENSION FUNDS INDUSTRY PORTFOLIO FOR THE PERIOD ENDED 30 JUNE, ASSET CLASSES AES CPFAs RSA ACTIVE FUND RSA RETIREE FUND FUND ASSETS WEIGHT N' Million N' Million N' Million N' Million N' Million 1.0 DOMESTIC ORDINARY SHARES 93, , , , , % 2.0 FOREIGN ORDINARY SHARES , , % 3.0 FGN SECURITIES 608, , ,151, , ,823, % 3.1 FGN 377, , ,950, , ,040, % 3.2 TREASURY BILLS 230, , ,129, , ,709, % 3.3 AGENCY , , % 3.4 SUKUK , , , % 3.5 GREEN , , % 3.6 STATE GOVT. SECURITIES 15, , , , , % 4.0 DEBT SECURITIES 36, , , , , % , , , , , % 4.2 INFRASTRUCTURE , , % 4.3 SUPRA-NATIONAL , , , % 5.0 LOCAL MONEY MARKET SECURITIES 74, , , , , % 5.1 BANK PLACEMENTS 65, , , , , % 5.2 COMMERCIAL PAPERS 8, , , , , % 5.3 FOREIGN MONEY MARKET SECURITIES % 6.0 MUTUAL FUNDS 2, , , , % 6.1 OPEN/CLOSE-END FUNDS 2, , , , % 6.2 REITS , , % 6.3 REAL ESTATE PROPERTIES 112, , , % 6.4 PRIVATE EQUITY FUNDS , , , % 6.5 INFRASTRUCTURE FUNDS , , , % 6.6 CASH & OTHER ASSETS 7, , , , , % 6.7 OTHER LIABILITIES -3, , , , , % 947, ,086, ,572, , ,232, %

21 RSA Membership as at 31 June, 2018 Public Sector Private Sector FEDERAL STATE PRIVATE Age Bracket Male Female Male Female Male Female Male Female Less than 30 yr 70,852 29,522 22,352 19, , , , , yrs 520, , , ,625 1,395, ,534 2,112, , yrs 375, , , , , ,352 1,582, , yrs 286, , , , ,383 95,408 1,042, , yrs 110,816 30,304 95,481 52, ,750 16, ,047 99,374 above 65 yrs 54,419 12,635 39,478 13,296 72,786 7, ,683 33,180 1,418, , , ,264 3,433,684 1,149,092 5,751,902 2,384,300 Grand Total 1,951,692 1,601,734 4,582,776 8,136,202

22 Methodology Data is supplied administratively by National Pension Commission and verified and validated by the National Bureau of Statistics, Nigeria. Please note that data revisions by National Statistics Offices are normal in every country in the world. Accordingly the data in this report may be revised. The most recent version is therefore the most accurate. 20

23 Acknowledgements/Contacts We acknowledge the contributions of our strategic partner National Pension Commission and our technical partner, Proshare in the design, concept and production of this publication. Acknowledgements Contact NBSNigeria Head Office Address Plot 762,IndependenceAvenue,Central Business District,FCT, Abuja Nigeria