This paper aimed at discussing the various roles that pensions play in financial intermediation. Descriptive research design was adopted with the population being all the available literature on the online web as pertaining pension funds and also financial intermediation. Using key word characters, the search initially identified 50 journals and after a tentative scrutiny, 37 journals were selected in a random sampling manner in order to give the birth of this discussion paper. The key objective of this article was to discuss the role of pension funds in financial intermediation. Among the roles identified in this paper were; provision of a mechanism for pooling of funds and subdivision of shares, provision of ways to transfer economic resources, provision of ways to manage uncertainty and control risk, provision of ways to manage uncertainty and control risk, provision of pricing information and the provision of ways to deal with incentive problems. This paper provides practical insights into the roles of pension in financial intermediation and thus highlighting the key importance of such pension funds into the success of any economy. This paper is one of the very first to recognize the key roles that pension funds play in the 21~(st) century.
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