Pension News

Biggest PFAs & Fastest Growing PFAs by RSA Registrations 30 June 2022

National Pension Commission (PenCom) has disclosed the total number of Retirement Savings Account (RSA) Registrations per Pension Fund Administrator (PFA) from inception of the Contributory Pension Scheme to 30 June 2022.

We have analyzed below PFAs RSA Registrations from inception to 30 June 2022, PFAs RSA Registrations Growth % December 2021 to 30 June 2022, which shows the fastest growing PFAs by RSA registrations for the period, and PFAs actual RSA Registrations for January to June 2022.

PFAs RSA Registrations from inception to 30 June 2022

This report revealed that the Top 5 PFAs have over 50% of the RSA clients under the Contributory Pension Scheme (CPS). The PFAs, Stanbic IBTC Pension, ARM Pension, Trustfund Pensions, Premium Pensions and Sigma Pensions, have 52.98% of the total RSA Registrations in the pension industry from inception of the Contributory Pension Scheme to 30 June 2022, the percentage held by the Top 5 PFAs has been reduced slightly when compared to the 52.96% the Top 5 PFAs held as at 31 March 2022.

Stanbic IBTC Pensions is by far the largest PFA by RSA registrations from inception to 30 June 2022, with 20.21% (up from 20.17% as at 31 March 2022) followed by ARM Pensions at 9.00% (up from 8.96% as at 31 March 2022) and the PFA with the lowest RSA contributors from inception to 30 June 2022 is Nigerian University Pension Management Company (NUPEMCO) at 0.27% (up from 0.26% as at 31 March 2022) followed by Radix Pension at 0.42% (up from 0.41% as at 31 March 2022).

Please see below RSA Registrations per PFA, as at 30 June 2022

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PFAs RSA Registrations Growth Percentage for December 2021 to June 2022

This report shows the percentage increase in RSA Registrations per PFA between December 2021 to June 2022. This is the best report to rate PFAs’ performance based on RSA Registrations for the period, because it shows the growth in percentage for each PFA, in relation to the total number of their RSA Registrations at the beginning of the period.

The fastest growing PFAs by RSA registrations for the period under review are Radix Pension Managers Limited 6.35%, NPF Pension Fund Managers 4.11%, Nigerian University Pension Management Company 3.26%, Tangerine Apt Pensions Limited 2.90% and IEI-Anchor Pension Managers Limited 2.89%.

Please see below PFAs RSA Registrations Growth percentage per PFA for December 2021 to June 2022

PFAs RSA Registrations for January to June 2022

This shows the actual RSA Registrations per PFA for January to June 2022

Check below for PensionNigeria breakdown of all the important aspects of the PenCom 2nd Quarter 2022 Report

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DONT MISS our 2nd Quarter 2022 Report Series

PenCom 2nd Quarter 2022 Report Executive Summary
Analysis of Pension Operating Environment Q2 2022
Performance of all PFAs in Nigeria for January to June 2022 (Year to Date)

Micro Pension Return on Investment (ROI) for January to June 2022 for all PFAs in Nigeria (Year to Date)
Update on RSA Transfer System (RTS) 2nd Quarter 2022
List of Organisations Issued Compliance Certificates as at 30 June 2022
Status of Contributory Pension Assets as at June 2022
Status of Implementation of CPS in States as at 30 June 2022
Micro Pension Registrations per PFA & Fastest Growing PFAs as at 30 June 2022
Appointment & Resignation of Pension Operators’ Board Members and Top Management Q2 2022
PFAs’ Total Shareholders’ Fund now ₦211.26 Billion
Update on NSITF & Refund of Pension Contribution to Military & SSS Q2 2022
Recovery Agents recover ₦22.13 billion from Defaulting Employers as PenCom receives 89 complaints
Lagos State committed to ₦2 billion Monthly to clear Outstanding Accrued Rights of its Retirees, this is how the State has performed
PenCom refunds N4.27 Billion as Zamfara State withdraws from Contributory Pension Scheme, what lies ahead for Retirees
PenCom Engagements with State Governments to ensure Retirees receive Pension as and when due Q22022
Micro Pension Contribution per PFA Q2 2022
RSA Registration Age and Gender Breakdown Q2 2022
Update on the Micro Pension Plan Q2 2022
Biggest PFAs & Fastest Growing PFAs by RSA Registrations 30 June 2022
PenCom approved over N1.58 Trillion for PFAs to pay RSA Holders as at June 2022

Also Check out
Performance of all PFAs in Nigeria for Full Year 2021

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