AN ASSESSMENT OF THE 2004 PENSION FUND INVESTMENT POLICY PERFORMANCE

The objective of the study is to assess the investment policy of the contributory pension scheme in Nigeria under the 2004 Pension Act. The research method used was the survey Questionnaires were administered to collect data from respondents. The study revealed that compliance and performance with the pension investment policy was low. Interest payment on returns from pension fund investment varies; administrative charges of the Pension Fund Administrators are not the same. It is therefore recommended, that there is need for the National Pension Commission (PenCom) to reform the policy guidelines to enhance compliance of the policy.