RISK MANAGEMENT AND PERFORMANCE OF PENSON FUND ADMINISTRATORS IN NIGERIA

Fijabi, Lateef Kolawole' () and Oyedokun, Godwin Emmanuel ()
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Fijabi, Lateef Kolawole': Department of Accounting,, Postal: Babcock University, Ilishan-Remo, Ogun State, Nigeria., https://www.afarng.org/jfafi/
Oyedokun, Godwin Emmanuel: Department of Taxation, Postal: Nasarawa State University, Keffi, Nigeria., https://www.afarng.org/jfafi/

Journal of Forensic Accounting & Fraud Investigation (JFAFI), 2020, vol. 5, issue 2, 98-130

Abstract: This study examined the effect of enterprise risk management on the performance of Pension Pund Administrators in Nigeria. The study employed combination ofsurvey research design and ex-post facto. The unit price was obtained from Pencom annual reports as at December 31, 2019. The statistical tools employed in the data analysis is simple regression and correlation analysis test statistic with the use of SPSS 23 version. The results from the models were divided. Some factors of EFNI were negative while some were positive on fund performance. It also revealed that level of implementation of enterprise risk management has improved among PM-As in Nigeria. The recommendation includes that the PFAS in Nigeria should employ robust enferprise risk management practices that will improve their fund performance as they face competition, Offs should focus more on those roriohJes that gave them positive effect on fund performance, such roriohJes are objective setting, event identification, risk response, control activities and regulatory review. The study also recommended that Pencom should make it mandatory for both Board and Management to attend enterprise risk management training to improve the system since it is a new development in our clime.

Keywords: CRO; ERM; Fund performance; Pencom; PFA; PFC (search for similar items in EconPapers)
Date: 2020
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