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

February 2, 2023 PensionNigeria

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 September 2022.

We have analyzed below;

PFAs RSA Registrations from inception to 30 September 2022
PFAs RSA Registrations Growth % December 2021 to 30 September 2022, which shows the fastest growing PFAs by RSA registrations for the period, and
PFAs net RSA Registrations for January to September 2022.

PFAs RSA Registrations from inception to 30 September 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 52.92% of the total RSA Registrations in the pension industry from inception of the Contributory Pension Scheme to 30 September 2022, the percentage held by the Top 5 PFAs has been reduced slightly when compared to the 53.04% the Top 5 PFAs held as at 31 December 2022.

Stanbic IBTC Pensions is by far the largest PFA by RSA registrations from inception to 30 September 2022, with 20.18% (down from 20.21% as at 30 June 2022) followed by ARM Pensions at 9.00% (same as 9.00% as at 30 June 2022) and the PFA with the lowest RSA contributors from inception to 30 September 2022 is Nigerian University Pension Management Company (NUPEMCO) at 0.27% (same as 0.27% as at 30 June 2022) followed by Radix Pension at 0.43% (up from 0.42% as at 30 June 2022).

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

Support PensionNigeria financially with N1,000 per Month HERE, or with any amount HERE
Empower us to do more independent analysis of the Pension Industry in Nigeria

Subscribe to PensionNigeria Daily News Broadcast on WhatsApp, just send “Subscribe” to 08160052802, PLEASE ensure you also save 08160052802 to your contacts as “PensionNigeria” to enable you receive the PensionNigeria News Broadcast.

PFAs RSA Registrations Growth Percentage for 31 December 2021 to 30 September 2022

This report shows the percentage increase in RSA Registrations per PFA between 31 December 2021 to 30 September 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 10.22%, NPF Pension Fund Managers 6.60%, Nigerian University Pension Management Company 5.17%, Norrenberger Pensions Limited 4.01% and TangerineAPT Pensions Limited 3.92%.

Please see below PFAs RSA Registrations Growth percentage per PFA for 31 December 2021 to 30 September 2022

PFAs RSA Registrations for January to September 2022

This shows the net RSA Registrations per PFA for January to September 2022

Check below for PensionNigeria breakdown of all the important aspects of the PenCom 3rd Quarter 2022 Report

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)

Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening.
If you have subscribed before and you still do not receive our Newsletter, please check your “Spam Folder”, if you find our Newsletter there, mark it as “NOT SPAM” or move it to your Inbox

Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube

You May Also Like