Micro Pension Registrations per PFA & Fastest Growing PFAs as at 30 June 2022

August 28, 2022 PensionNigeria

The National Pension Commission (PenCom) has disclosed that the total Micro Pension Registrations by Pension Fund Administrators (PFAs) from inception to 30 June 2022 is 80,419.

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 June 2022.

PenCom also disclosed the micro pension registrations per PFA and registrations for January to June 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 June 2022 are; ARM Pensions, Stanbic IBTC Pension, Veritas Pensions, PAL Pension and Tangerine APT Pensions, these five (5) PFAs make up 78.55% of all Micro Pension registrations for January to June 2022.

Please see below Table 1 & 2 showing Micro Pension Registrations per PFA as at 30 June 2022 and Fastest Growing PFAs by Micro Pension Registrations for January to June 2022.

Micro Pension Registrations per PFA as at 30 June 2022

Fastest Growing PFAs by Micro Pension Registrations for January to June 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 2nd Quarter 2022 Report

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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