Pension Event Focuses on Investment, Risk Management, Others
- Pension experts, administrators and managers will discuss risk management at an event
- The experts will converge in an African country for two days where they will also discuss regulatory development in the industry
- According to the organisers, the event will help unlock the $20 billion locked in the industry
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Pension Experts will converge at one of Africa’s biggest events to discuss alternative investments, risk management, regulatory developments, and innovative investment strategies.
They are among pension-related topics to be examined at the 6th Pension Funds & Alternative Investments Africa 2023 (PIAFRICA2023) conference.
Key industry players to attend event
BusinessDay reports that the two-day event, which would take place in Mauritius, would commence on March 15, 2023.
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According to the organiser, AME Trade, attendees would interface with key players in the industry and learn about the latest investment opportunities in the region.
The organisers to Legit.ng that the African pension industry has seen significant growth in recent years, with the total value of pension assets reaching over $200 billion.
According to them, Nigeria, in particular, has experienced rapid growth in its pension market, with assets totalling over $20 billion.
Opportunity for investors
They stated that the event presents a huge opportunity for investors and fund managers, and the conference will provide a platform for experts to discuss the latest developments and trends in the African pension market, with a focus on Nigeria.
“At the conference, attendees will have the chance to network with key players in the industry and learn about the latest investment opportunities in the region. The event will also cover a range of other topics related to pension funds and alternative investments, including risk management, regulatory developments, and innovative investment strategies.
The 2022 event, the PIAFRICA2022, was opened by the Minister of Financial Services & Good Governance, Mahen Kumar Seeruttun, in the presence of over 180 delegates from 16 African countries and over 40 speakers.
The minister t invited the audience to come and do business with Mauritius, which he described as a mature IFC that ticks all the boxes from an investor's perspective and a platform of choice for onward investments across the African continent.
Per the organisers, this year's conference is expected to be even bigger, with more collaborators, extended hot topics of the moment, more networking events, and a larger crowd coming from Africa and other parts of the world.
Top 10 pension companies in Nigeria
Legit.ng reported that In two words, a pension is a fund of money which is added during the employee`s years.
Therefore, when a person retires, this fund will provide necessary support during the years of retirement. Usually, a fixed sum of money contributes to the pension fund and then becomes available during the retirement years.
According to the current Pension Act of Nigeria, people in private and public sectors are to contribute 7% from the employee paycheck. The same law dictates that the next-of-kin will receive the pension of the employee. Moreover, this act includes various insurance policies for employees.