Abuja- The total assets under the Contributory Pension Scheme rose to N4.61tn at the end of the 2014 financial year from N2.05tn in the preceding year, Punch reports.
The National Pension Commission on Thursday showed that the funds, which had maintained a steady growth over the years, were invested in different instruments.
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According to a report, the assets of the Closed Pension Fund Administrators to total contribution rose to N662.8bn in the period under review.
The total funds, however, fell from N4.58tn in September to N4.57tn in October, while contributions of the CPFAs fell from N657.5bn to N651.49bn in the same period.
Read more at Punch
- News 24