Nigeria, Sept. 28 -- Nigeria's pension regulator has rolled out new guidelines that expand the range of permissible investments for retirement savings while tightening risk controls, including a cap that limits exposure to a single corporate entity at 25 percent.
The National Pension Commission (PenCom) said the revised rules introduce fresh instruments such as reverse repos, gold receipts, securities lending, commodity-backed assets and agriculture investment funds.
"Single Entity Exposure Cap - across the six funds within the Multi-Fund Structure, PFAs must not hold more than 25 per cent of instruments issued by a single corporate entity," it said Thursday.
Pension funds may also take part in private placements by registered corporat...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.