EFFECT OF PENSION FUND CHARACTERISTICS ON FINANCIAL PERFORMANCE OF PENSION FUNDS IN NIGERIA
Saheed Adekunle Muraina, Nuraddeen Shehu Aliyu, PhD, Salisu Abubakar, PhD and Nasiru Abdullahi, PhD
Volume 3 Issue 2
Abstract
Pension Fund Characteristics have a propensity of influencing financial performance of pension funds. The study examined the effect of Pension Fund Characteristics on Financial Performance of Pension Funds in Nigeria using pension funds data drawn from the annual reports of eleven (11) Nigerian Pension Fund Administrators (PFAs) over the period of 2008 to 2021. The secondary data was analysed through use of regression model. The dependent variable was proxied by the unit price while Pension Idle Contribution, Pension Fund Size and Retirement Age served as the independent variables. The study found that fund size and retirement age have a positive and significant influence on financial performance of pension funds in Nigeria. It is recommended that the Government at all levels should create an enabling environment for improved life expectancy of employees in the country for improved pension funds' performance Keywords: Fund Size, Pension Fund Administrators (PFAs), Financial Performance, Retirement age, unit price
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