Effect of pension fund attributes on pension fund administrators’ financial performance in Nigeria

Abstract

This paper examines the effect of pension fund attributes on Pension Fund Administrator’s (PFAs) financial performance in Nigeria. This is quantitative study that uses secondary data sourced from the annual reports of the PFAs under consideration. The study’s population comprised 19 PFAs operating in Nigeria. Using a census sampling technique, the total population of the PFAs in Nigeria were studied. The research spanned for a period of ten years (2013-2022). Multiple regression was employed to analyze the data with the aid of SPSS version 27. The findings of this study indicate that corporate age and corporate revenue has positive and significant influence on the financial performance of PFAs in Nigeria. While corporate expenditure has a significant negative impact on the financial performance of PFAs in Nigeria, as such has inverse relationship with the PFAs financial performance. The study recommended that individuals close to retirement should consider opting for older pension fund managers. In addition, fund managers should actively pursue strategies to boost pension fund revenue, ensuring the sustainability of their business and minimize its expenditure.