Micro Pension RSA Fund 5 Return on Investment (ROI) for January to December 2022 for all PFAs in Nigeria (Full Year 2022)

January 27, 2023 PensionNigeria

Micro Pension Retirement Savings Account (RSA) Fund 5 Return on Investment (ROI) for January to December 2022 for all Pension Fund Administrators (PFAs) in Nigeria.

Only twelve (12) Pension Fund Administrators (PFAs) disclosed the Fund prices for their Micro Pension RSA Fund 5, on their websites, as at 31 December 2022, as required by the guidelines on the minimum information to be disclosed on PFAs’ website.

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Based on reports released by the National Pension Commission (PenCom), the regulator for pension administration in Nigeria, as at 30 September 2022, seventeen (17) PFAs had registered Micro Pension contributors, we call on all PFAs to take the “Transparency Path” and disclose the fund prices for their Micro Pension Fund 5 on their websites.

The twelve (12) PFAs that disclosed their Micro Pension fund prices on their websites as at 31 December 2022 are;

Stanbic IBTC Pension Managers Limited
Trustfund Pensions Limited
Fidelity Pension Managers Limited
NLPC Pension Fund Administrators Limited
FCMB Pensions Limited
Pensions Alliance Limited
Tangerine APT Pensions Limited
Premium Pension Limited
ARM Pension Managers Limited
Veritas Glanvills Pensions Limited
Norrenberger Pensions Limited
Radix Pension Fund Managers Limited

Although, Leadway Pensure PFA Limited, CrusaderSterling Pensions Limited, OAK Pensions Limited, Guaranty Trust Pension Managers (Investment One) and Access Pensions Limited, did not disclose their Micro Pension Fund prices on their website as at 31 December 2022, but we were able to easily get the fund prices directly from the PFAs except for CrusaderSterling whose fund price was extracted from Money Counsellors report.

Please see below the performance of Micro Pension Fund 5 for January to December 2022 (Full Year 2022) for seventeen (17) PFAs.

Please note that the above report was updated because Access Pension Limited readvised us that they adopted the Micro Pension fund price for First Guarantee Pension Limited (FGPL) for the merger rather than the Micro Pension fund price for Sigma Pension Limited which was previously communicated to us.

Kindly note that;

Nigeria Police Force Pensions Limited and Nigerian University Pension Management Company, do not have Micro Pension because they are not PFAs meant for the general public.

Access Pensions Limited (formerly Sigma Pensions) started their Micro Pension Fund around July 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 the informal sector, market women, carpenter, plumbers, mechanic, ride hailing drivers, bloggers, influencers etc, can all open a Micro Pension Account with any Pension Fund Administrator (PFA) of their choice except Nigerian University Pension Management Company (NUPEMCO) and Nigeria Police Force Pensions Limited.

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