Micro Pension Registrations per PFA & Fastest Growing PFAs as at 30 September 2022
The National Pension Commission (PenCom) has disclosed that the total Micro Pension Registrations by Pension Fund Administrators (PFAs) from inception to 30 September 2022 is 84,612.
The report shows that ARM Pension, Stanbic IBTC Pension, PAL PFA, Fidelity Pension and Premium Pension are the Top 5 PFAs with highest micro pension registrations from inception to 30 September 2022.
PenCom also disclosed the micro pension registrations per PFA for January to September 2022 which revealed the fastest growing PFAs by micro pension registrations for 2022.
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The fastest growing PFAs by Micro Pension registrations for January to September 2022 are; ARM Pension Managers, Stanbic IBTC Pension, Tangerine APT Pensions, Veritas Glanvills Pensions and FCMB Pensions, these five (5) PFAs make up 81.05% of all Micro Pension registrations for January to September 2022.
Please see below Table 1 showing Micro Pension Registrations per PFA as at 30 September 2022 and Table 2 showing Fastest Growing PFAs by Micro Pension Registrations for January to September 2022.
Micro Pension Registrations per PFA as at 30 September 2022
Fastest Growing PFAs by Micro Pension Registrations for January to September 2022
Micro Pension Plan (MPP) is a pension plan under the Contributory Pension Scheme (CPS) that allows people who are not mandatorily covered by the Pension Reform Act 2014, make financial contributions towards the provision of pension at their retirement or incapacitation.
Micro Pension was introduced in March 2019 and it is voluntary for Persons working in organizations with less than three (3) employees and people working in the informal sector e.g, market women, carpenter, plumbers, mechanic, ride hailing drivers etc, can all open a Micro Pension Account with any Pension Fund Administrator (PFA) of their choice except NUPEMCO and Nigeria Police Force PFA.
Check below for PensionNigeria breakdown of all the important aspects of the PenCom 3rd Quarter 2022 Report
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DONT MISS our 3rd Quarter 2022 Report Series
Director General’s Remarks on PenCom 3rd Quarter 2022 Report
Analysis of Pension Operating Environment 3rd Quarter 2022
Appointment & Resignation of Pension Operators’ Board Members and Top Management Q3 2022
Recovery Agents recover ₦23.30 billion from Defaulting Employers as PenCom takes 19 Employers to Court over Non-Remittance of Pension Contributions in Q3 2022
Update on NSITF & Refund of Pension Contribution to Military & SSS Q3 2022
Lagos State only paid about half of the amount it committed to clear outstanding Accrued Rights of its Retirees
Kaduna State is not fully Implementing Contributory Pension Scheme but seeks PFAs to invest Pension Funds in Kaduna State Bonds
Ekiti State Pays 1st Batch of Retirees under CPS, plans to implement VC for Exempted Employees
Zamfara State exited CPS & PenCom has refund their Pension Contributions but Retirees are still not better off
Update on Benue & Bauchi State Pension Reform Laws
PenCom Engagements with 5 States on Implementation of Contributory Pension Scheme
Update on RSA Transfer System (RTS) 3rd Quarter 2022
Micro Pension Registrations per PFA & Fastest Growing PFAs as at 30 September 2022
Micro Pension Contributions received per PFA Q3 2022
Update on the Micro Pension Plan Q3 2022
List of Organisations Issued Compliance Certificates as at 30 September 2022
Total RSA Registration as at 30 September 2022
Status of Contributory Pension Assets as at September 2022
Biggest PFAs & Fastest Growing PFAs by RSA Registrations 30 September 2022
RSA Registration Age and Gender Breakdown for Q3 2022
PenCom approved over N1.66 Trillion for PFAs to pay RSA Holders as at Q3 2022
Status of Implementation of CPS in States as at 30 September 2022
Also Check out
Performance of all PFAs in Nigeria for January to September 2022 (Year to Date)
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