News & Events

NOV 2021 NEWS EBUBE AKPAMGBO, GREGORY YINKA-GREGG, ABISOLA AKINYEMI AND AYODEJI OYETUNDE

On 28 October 2021, the National Pension Commission (the “Commission”) announced the introduction of the Non-Interest Fund (Fund VI) (the “Non-Interest Fund “) and issuance of its Operational Framework for the Non-Interest Fund (Fund VI) (the “Operational Framework”). The introduction of the Non-Interest Fund is in furtherance of the Commission’s objective to provide diverse investment portfolio options, and to meet the increasing demand by pension contributors and retirees to invest in non-interest ethical instruments.

Based on the Regulation on Investment of Pension Fund Assets issued by the Commission in 2019, Pension Fund Administrators (“PFAs”) are permitted to invest pension fund assets under their management in sukuk and other Shariah non‑interest compliant instruments registered with the Securities and Exchange Commission.

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