•  
  •  
 

Bullion

Keywords

Investment, Pension scheme, Risk management, Contributory pension scheme.

Abstract

The Pension Reform Act 2004 ("the Act"), a compul sory contributory pension scheme ("the scheme ' or CPS") has been established for all the categories of workers in the Federal public service, Federal Capital Territory , and in the private sector ( 'applicable sectors'). This paper attempt to discuss and examine the issues of investment and risk management that are essential to the success of the new Scheme, and highlight some of the benefits and limitations of the contributory pension scheme and its investment and risk management framework. The study concluded that, the new CPS, it is also pertinent to mention the need for developing a social security system that will cater for the unemployed, self employed, and other categories of persons whose lives may not feel the impact of this new Scheme. This should be the next challenge for the Government.

Author Bio

The author is a staff of standard Chartered Bank Plc. Nigeria.

Publication Title

CBN Bullion

Issue

2

Volume

30

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.