PenCom fines PFAs for suboptimal investment returns

A number of Pension Fund Administrators (PFAs) have been slammed with fines by the National Pension Commission or PENCOM for suboptimal investment returns in their fixed income portfolios in 2017 after an audit by the regulator, BusinessDay has learnt. Sources familiar with the matter tell BusinessDay that the affected PFAs were hit with fines ranging…
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The post PenCom fines PFAs for suboptimal investment returns appeared first on BusinessDay : News you can trust .
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