EFFECT OF RISK-BASED SUPERVISION ON THE MANAGEMENT OF PENSION FUNDS ASSET IN NIGERIA

Abstract

This study investigates the impact of risk-based supervision on the asset management of Nigerian pension funds, using primary data collected through structured questionnaires. The study's participants include individuals within the pension fund sector and practitioners interested in the topic. The study employs descriptive statistics, such as frequency distribution and percentages, to analyze demographic data, while regression modeling is used to address research hypotheses. The findings reveal a significant and positive relationship between risk identification, risk evaluation, regulatory reporting, and the cultivation of a robust risk governance culture in the effective management of pension fund assets. In conclusion, this study emphasizes the importance of proactive risk management in safeguarding pension fund investments. To ensure long-term sustainability, we recommend that pension fund managers and regulatory authorities prioritize risk-based supervision, establish clear risk reporting standards, and implement training programs to enhance risk management competencies among practitioners. These measures are essential for the security and sustainability of pension fund assets and the financial well-being of retirees in Nigeria.