Performance of all PFAs in Nigeria for July 2019

Have you ever taken time to check out the Returns on Investment (ROI) of the funds in your Retirement Savings Account (RSA), most people have millions in their RSA yet they take no reasonable step to monitor the funds in their Retirement Savings account.

Because we know that you are busy taking care of other things, PensionNigeria has compiled the Returns on Investment (ROI) for Fund I, II, III & IV for all Pension Fund Administrators (PFAs) in Nigeria.

Before we proceed, its necessary for you to know the Fund you are under, to enable you know which Fund to concentrate on monitoring.

There are four Funds under the Multi Fund Structure, Fund I, Fund II, Fund III, and Fund IV, and below are the parameters that Pension Fund Administrators use to allocate Retirement Savings Account holders under the funds.

Fund I

Fund I is a special but optional Fund that Retirement Savings Account (RSA) holders who are below 50 years old can request to be moved to. It has the highest exposure to stock among the Funds under the Multifund structure, meaning that a higher percentage of Fund I is invested in buying shares of companies compared to other funds. If you have requested to be moved to Fund I, you should pay particular attention to the performance of Fund I but also constantly have a look at the performance of Fund II to be sure you made a right choice moving to Fund I.

Fund II

Fund II is the default fund under the Multifund structure for RSA holders who are below 50 years old. If you are below 50 years old and you have not specifically requested that your PFA should move you to Fund I, then you will be in Fund II. You should pay particular attention to the performance of Fund II but you should also monitor the performance of Fund I to assist you in deciding whether to move to Fund I or not.

Fund III

Fund III is default Fund for RSA holders who are 50 years & above but have not retired. Multifund structure gives PFAs the right to move anybody who is 50 years & above from Fund II to Fund III but the law also allows you to request to be moved back to Fund II if you choose to. If you are 50 years & above and you have not requested to be moved back to Fund II, then you will be in Fund III. You should pay attention to the performance of Fund III and keep an eye on the performance of Fund II.

Fund IV – The Retiree Fund

This is the Retiree Fund. All RSA holders that have retired are automatically moved to Fund IV and Retirees can not move to other Funds. Fund IV has the lowest exposure to equity.

Fund Performance  

Now that we are clear on the funds you fall under, you can now proceed to monitor the performance of your Fund with your Pension Fund Administrator (PFA). Below you will see the growth in percentage for the Month of July 2019 for the funds in all Retirement Savings Accounts for all Pension Fund Administrator in Nigeria.

Fund I Performance  

Fund II Performance  

Fund III Performance  

Fund IV Performance  

PensionNigeria monitors the performance of Fund I, II, III & IV for all PFAs in Nigeria on monthly basis, 1st quarter, Half Year, 9 Months, Yearly and 3 years.

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Do you want to know more about the MultiFund Structure, check out our MultiFund Structure Executive Summary here

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