Browsing by Author "Haliru, Adeshola Nurudeen"

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    EFFECT OF RISK MANAGEMENT ON INVESTMENT STRATEGY AND CONTRIBUTORY PENSION SCHEME SUSTAINABILITY NEXUS IN NIGERIA
    (2020) Aliu, Olanrewaju Atanda; Salam, Mudathir Olanrewaju; Haliru, Adeshola Nurudeen; Kasum, Abubakar Sadiq
    In line with the increasing desire for sustainability across numerous areas of study, occupational pension sustainability has emerged among the core objectives of pension reforms. Thus, this study assesses the impact of risk management on the relationship between investment strategy and sustainability of contributory pension scheme (CPS) in Nigeria. Using data obtained from survey of 197 managers and assistant managers of pension fund administrators that manage CPS fund in Nigeria, the study employs partial least square structural equation modelling to examine the effects of investment strategy and risk management on sustainability ofCPS. The study further examines the moderating effect of risk management on the relationship investment strategy and contributory pension scheme sustainability. Findings reveal that investment strategy and risk management have significant positive effects on the sustainability of CPS in Nigeria. Further analyses show that risk management has negative moderating effect on the relationship between investment strategy and the sustainability of CPS. The implications of the findings to management practices of the Nigerian CPS were presented among which we recommend that pension fund administrators need to strike a balance between their investment strategy and risk management decisions. This would improve their liquidity, reduce the risks to the minimum and facilitate the sustainability of the pension fund entrusted in their management.
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    RISK MANAGEMENT AND PENSION FUND RETURNS: DOES PENSION FUND ADMINISTRATOR OWNWERSHIP TYPE MATTER?
    (Department of Finance, University of Ilorin, 2022) Aliu, 0. A.; Abdul-Hamid, Mohamad Ali; Salam, Mudathir Olanrewaju; Haliru, Adeshola Nurudeen
    Pension fund returns form an integral component of defined contribution pension plan benefits. However, low and volatile real return profiles of pension funds have been sources of growing concern due to failure to generate generate adequate returns. This study examined risk management impact on pension fund returns as perceived by pension fund administrators of the Nigerian contributory pension scheme. The study further assessed the interaction effect of PFAs type (open and closed) on the risk management impact on pension fund returns. Data was collected through the administration of survey questionnaires on 197 managers and assistant managers of all the 24 pension fund admistrators. Based on the analyses of survey responses from the survey of managers and assistant-managers of PFAs, results from Ordinary Least Square (OLS) regression and Hayes Macro show a positive and significant impact of risk management on the pension funds returns of contributory pension scheme in Nigeria. The results further confirm a significant interaction effect of PFAs types on the impact with closed PFA reporting a stronger relationship between risk management and pension funds returns of contributory pension scheme in Nigeria. The study recomemended that open PFAs intensified their risk management practices in the interest of the employees whom they manage their pension assets