Biggest PFAs & Fastest Growing PFAs by RSA Registrations 31 March 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 31 March 2022.
We have analyzed below PFAs RSA Registrations as at 31 March 2022, PFAs RSA Registrations Growth % December 2021 to March 2022, which shows the fastest growing PFAs by RSA registrations for the period, and PFAs actual RSA Registrations for January to March 2022.
PFAs RSA Registrations as at 31 March 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 52.96% of the total RSA Registrations in the pension industry from inception of the Contributory Pension Scheme to 31 March 2022, the percentage held by the Top 5 PFAs have been reducing slightly, when compared to the 53.04% the 5 PFAs held as at 31 December 2021 and 53.18% the 5 PFAs held as at 31 December 2020.
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Stanbic IBTC Pensions is by far the largest PFA by RSA registrations from inception to 31 March 2022, with 20.17% (down from 20.20% as at 31 December 2021) followed by ARM Pensions at 8.96% (up from 8.95% as at 31 December 2021) and the PFA with the lowest RSA contributors is Nigerian University Pension Management Company (NUPEMCO) at 0.26% (same as 0.26% as at 31 December 2021) followed by Radix Pension at 0.41% (up from 0.40% as at 31 December 2021).
Please see below RSA Registrations per PFA, as at 31 March 2022
PFAs RSA Registrations Growth % December 2021 to March 2022
This report shows the percentage increase in RSA Registrations per PFA between December 2021 to March 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 NPF Pension Fund Managers with 3.09% growth, Radix Pension Managers Limited 2.73%, Apt Pension Funds Managers Limited 1.86%, Nigerian University Pension Management Company 1.53% and Tangerine Pension Limited with 1.42% growth.
Please see below PFAs RSA Registrations Growth percentage per PFA for December 2021 to March 2022
PFAs RSA Registrations for January to March 2022
This shows the actual RSA Registrations per PFA for January to March 2022
Check below for PensionNigeria breakdown of all the important aspects of the PenCom 1st Quarter 2022 Report
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Status of Implementation of CPS in States as at 31 March 2022
PenCom First Quarter 2022 Q1 Report Executive Summary
Total RSA Registration with Age & Gender Breakdown as at 31 March 2022
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How PenCom monitored the Pension Industry in 1st Quarter of 2022
Status of Contributory Pension Assets as at May 2022
Biggest PFAs & Fastest Growing PFAs by RSA Registrations 31 March 2022
Also Check out
Performance of all PFAs in Nigeria for Full Year 2021
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