Total pension assets under the Contributory Pension Scheme rose by N2.1tn to N12.3tn as of the of the 2020 from N10.2tn as of the end 2019, latest statistics from the National Pension Commission showed on Thursday.
PenCom stated that N8.13tn of the funds was invested in Federal Government of Nigeria Bonds.
According to the figures, N858.46bn and N92.91bn were invested in domestic and foreign ordinary shares respectively.
It added that N1.68tn and N161.39bn were also invested in local money market securities and mutual funds respectively.
As part of efforts to boost services in the industry, PenCom opened the transfer window to enable workers in the Contributory Pension Scheme to change their pension companies.
PenCom said RSA holders may transfer their accounts from one Pension Fund Administrator to another once in a year, in line with Section 13 of the Pension Reform Act 2014.
-PUNCH NG