Abstract:

The study examines beneficiaries’ expectation in relation to returns generated from pension fund investment in Nigeria. This study investigates the perceptions of contributors of pension fund from the various investment channels allowed Pension fund administrators (PFA) by S. 86 of PRA (2014). The study adopted survey design method using questionnaire to establish the expectations of pension beneficiaries on the returns generated on their contributions. The population of the study consists of both active pension contributors and retirees of Federal and State Polytechnics in the South-Western state of Nigeria. Data collected were analyzed using both descriptive and inferential statistics (using the Kruskal Wallis Test statistics) with the aid of Statistical Package for Social Sciences (SPSS). The study concluded that expectations vary from beneficiary to beneficiary but, with general expectation of reasonable returns on investment of their contributions by pension fund managers. The study therefore, recommend that pension managers should, as a matter of diligence, invest pension funds into portfolio that will make for stable value of pension for contributors at retirement.