This site uses Akismet to reduce spam. Those are, therefore, excluded in this report. The January YTD performance of the index stood at -3.12%. According to Jason Green, head of workplace research at FTRC, providers are currently looking to both retain their existing customers and grow their book by transferring established schemes. Information about the performance of Premium Pensions RSA and First Guarantee Pensions RSA were not available and efforts to get such information yielded no result. Falling oil price: Oil prices fell to under $20 on Friday before climbing back up to settle at $23 per barrel. The providers were also analysed according to nine categories, which included at retirement options and product offering and administration, and reflected the areas advisers saw as most important when comparing workplace pension products. “Our recent master trust authorisation, along with our numerous awards and accreditations, should give our members and our 88,000 employer customers confidence in The People’s Pension.”. We must all ask questions because if they throw away the future, it is not going to be their future they are throwing away, it will be all our futures. YTD Performance %: 1.18% Nairametrics also has information that state governments are getting jittery about their ability to sustain salary payments as a reduction in their federal allocation “FAAC” is anticipated. The CBN has now officially devalued by 15% moving from N307/$1 to N360/$1. -Aviva (Designer, My Money & My Money Master Trust), -Scottish Widows (GPP, GSIPP & Master Trust). The returns which ranged from 1.27% to negative .27% have Pension Alliance Retiree fund taking the lead. Get real time updates directly on you device, subscribe now. Banks trading at the Investor and Exporter (I&E) window bought dollars at N360/$1 from the CBN on Friday, March 20, 2020. Financial Adviser is the premier weekly newspaper for UK based financial intermediaries. As a salaried and fixed income individual, your risk appetite is most likely going to be low as well as your risk tolerance, although your extended family profile could change all that. Since salary is assumed to be the only source of income for the salaried, it is advisable that such an individual fortify himself financially before investing so that adverse investment performance will not have untold effect on him and his family. YTD Performance %: 1.27% YTD Performance %: 1.26% [Read Also: Understanding the risks in bond investing]. the reason for this is because the older you get the less time you have to work to recoup on losses. Cash reserves do not only provide for emergencies, they also help to ensure that investments are not liquidated prematurely or at inopportune times to cover unexpected expenses. The central bank of Nigeria has devalued its official exchange rate from N307/$1 to N360/$1. What we have is a revenue challenge and the whole of this government is currently working on how to enhance our revenues, to ensure that we meet our obligation to service government as well as to service debt.”. You will receive mail with link to set new password. YTD Performance %: 1.17% Investment options for the salary earners It is very baffling to see many investors very deep into the market, yet they do not have life insurance. In the annual rankings from financial research consultants the Finance Technology Research Centre, out today (September 11), The People’s Pension received a bronze medal for its … APT pensions RSA fund recorded a 0.07% negative return while its Retiree fund 4 recorded a negative 0.27% return in January. YTD Performance %: 0.85% As of June 2015, Nigeria’s foreign loans were about $10.5 billion mostly made up of multilateral and bilateral loans. Adviser firms can access the full ratings and individual provider factsheets from the FTRC website. Just as Nairametrics reported, the Central Bank of Nigeria has devalued its official exchange rate from N307/$1 to N360/$1. So, the first investment option for a salaried individual is to get a life insurance. Nigeria's leading finance and market intelligence news report. Capital preservation as an investment objective implies that you, the investor, aim at minimising the risk of loss by maintaining the purchasing power of your investment. Asset allocation is the most important investment decision an investor can make in a portfolio because it demonstrates an investor’s understanding of his or her risk preferences and return expectations. You need to know or understand your risk tolerance before you engage in any capital market investment. Nairametrics also got hold of a letter from the CBN to banks informing them of the new exchange rate for dollars flowing from the International Money Transfer Operators (IMTOs). Lost your password? About 68% of Nigeria’s foreign-denominated debt servicing is in commercial Eurobonds issues over the last two years. FTRC’s workplace pension rating looked at the provider’s entire pension offering, while the auto-enrolment rating focused exclusively on the quality and functionality of a provider’s offing in that space. YTD Performance %: 1.11% “I have said it time and again. YTD Performance %: 1.19% Your risk tolerance will and should drive the type of investments you go into. Gregg McClymont, director of policy at The People’s Pension, said: “We have read the report and note its audience is purely financial advisers. “The fact that Nigeria currently budgets more money for debt servicing (N2.7 trillion), than we do on capital expenditure (N2.4 trillion) is already an indicator that we have borrowed more money than we can afford to borrow. Unfortunately, the Nigerian market does not provide a lot of asset classes for optimal diversification, but diversification can be achieved across sectors or industries within the few asset classes in the Nigerian stock market. The central bank has now made an apparent u-turn after it had initially that the “market fundamentals do not support naira devaluation at this time” detailing reasons why it did not need to devalue. “Currently, Nigeria’s debt is at N25 trillion; that is about $83 billion. Now having known your risk tolerance based on the underlying factors, you can then define your investment objectives, [Read Also: Important tips on how to profit in a bearish market]. The rising cost of debt service is a direct attribute of the government’s reliance on foreign loans as a means of funding government expenditure. Compared to the NSE Pensions Index, which is predominantly equity based, both RSA and Retiree funds outperformed the index. The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice: www.ft.com/editorialcode. Asset allocation involves dividing an investment portfolio among different asset classes based on an investor’s financial requirements, investment objectives and risk tolerance. They can also generate their own benchmarking reports, based on the 4,500 data items held, the firm said. Another method is to have someone “do the heavy lifting” for you. Devaluation: Nairametrics reported yesterday that the Central Bank of Nigeria (CBN) sold dollars to banks at N380/$1 in a move signifying a devaluation of the currency. This route is most suitable for investors that lack the knowledge and time for the required research and analysis. 5 Best and Worst-Performing Funds in 2019. The Finance Minister Zainab Ahmed however, believes the current debt profile is sustainable, comparing it to our GDP. [vc_row][vc_column][vc_column_text css=".vc_custom_1579048057278{padding-top: 15px !important;padding-right: 15px !important;padding-bottom: 15px !important;padding-left: 15px !important;background-color: #e8e8e8 !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}"], [/vc_column_text][vc_btn title="SUBSCRIBE" style="flat" color="black" size="lg" align="center" link="url:https%3A%2F%2Fbusinessday.ng%2Fcheckout%2F%3Flevel%3D53"][/vc_column][/vc_row]. Your risk tolerance depends on your psychological makeup, your current insurance coverage, presence or absence of cash reserve, family situation, and your age among others. In that case the risk tolerance of an older man will be less than those for younger folks. YTD Gain per unit: N0.03, Name of Fund: Pension Alliance RSA fund 2 The People’s Pension – the second biggest master trust in the market - has come out last in a ranking of workplace pension and auto-enrolment providers. [Read Also: I-Invest generates over N2 billion transaction in less than 6 months]. The central bank typically buys or sells in the market as part of its intervention program. Balanced funds have 41-60% invested in growth assets. For a complete list of Retiree fund performance, contact Quantitative Financial Analytics Ltd. Uchenna Ndimele is the President of Quantitative Financial Analytics Ltd. MutualfundsAfrica.com and mutualfundsnigeria.com (both Quantitative Financial Analytics company website) is a leader in supplying mutual fund information, analysis, and commentary on African mutual funds.
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