Micro Pension Registrations per PFA & Fastest Growing PFAs as at 31 December 2022
The National Pension Commission (PenCom) has disclosed that the total Micro Pension Registrations by Pension Fund Administrators (PFAs) from inception to 31 December 2022 is 89,327.
The report shows that ARM Pension, Stanbic IBTC Pension, PAL PFA, Tangerine APT Pensions and Fidelity Pension are the Top 5 PFAs with highest micro pension registrations from inception to 31 December 2022.
PenCom also disclosed the micro pension registrations per PFA for January to December 2022 which revealed the fastest growing PFAs by micro pension registrations for the year 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.
The fastest growing PFAs by Micro Pension registrations for January to December 2022 are; ARM Pension, Stanbic IBTC Pension, Tangerine APT Pensions, Veritas Glanvills Pensions and FCMB Pensions, these five (5) PFAs make up 82.45% of all Micro Pension registrations for the year 2022. The percentage for the Top 5 PFAs for full year 2022, 82.45%, is higher than the 81.05% Micro Pension registrations for Top 5 PFAs for January to September 2022.
Please see below Table 1 showing Micro Pension Registrations per PFA as at 31 December 2022 and Table 2 showing Fastest Growing PFAs by Micro Pension Registrations for Full Year 2022.
Micro Pension Registrations per PFA as at 31 December 2022
Fastest Growing PFAs by Micro Pension Registrations for Full Year 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 4th Quarter 2022 Report
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.
DONT MISS our 4th Quarter 2022 Report Series
Update on RSA Transfer System (RTS) 4th Quarter 2022
List of Organisations Issued Compliance Certificates in the Year 2022
Total RSA Registration as at 31 December 2022
Status of Contributory Pension Assets as at 31 December 2022
Micro Pension Registrations per PFA & Fastest Growing PFAs as at 31 December 2022
Status of Implementation of CPS in States as at 31 December 2022
Director General’s Remarks on PenCom 4th Quarter 2022 Report
Analysis of Pension Operating Environment 4th Quarter 2022
Appointment & Resignation of Pension Operators’ Board Members and Top Management Q4 2022
Recovery Agents recover ₦24.15 billion from Defaulting Employers as PenCom takes 34 Employers to Court
Update on NSITF & Refund of Pension Contribution to Military & SSS Q4 2022
Update on ₦2 Billion Monthly Commitment by Lagos State Govt to defray Outstanding Accrued Rights of Retirees as at Dec 2022
Ekiti State appoints Veritas PFA to manage Retirement Benefit Bond Redemption Fund
Rivers State extends its transition period to Contributory Pension Scheme
PenCom responds to query on refund of Pension Contributions to Zamfara State
Micro Pension Contributions received per PFA Q4 2022
Update on the Micro Pension Plan Q4 2022
RSA Registrations per PFA for 4th Quarter 2022
RSA Registration Age and Gender Breakdown for Q4 2022
PenCom approved over N1.72 Trillion for PFAs to pay RSA Holders as at Q4 2022
Also Check out
Performance of all PFAs in Nigeria for Full Year 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.
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
