Micro Pension RSA Fund 5 Return on Investment (ROI) for March 2021 for all PFAs in Nigeria (Month on Month)

April 24, 2021 PensionNigeria

Micro Pension Retirement Savings Account (RSA) Fund 5 Return on Investment (ROI) for March 2021 for all Pension Fund Administrators (PFAs) in Nigeria (Month on Month).

Only nine (9) Pension Fund Administrators (PFAs) disclosed the Fund prices for their Micro Pension RSA Fund 5, on their websites, as at 31 March 2021. We are certain based on reports released by the National Pension Commission (PenCom), the regulator for pension in Nigeria, that twenty (20) PFAs currently have registered Micro Pension contributors, so we call on all PFAs to disclose their Micro Pension Fund prices.

The nine (9) PFAs disclosing their Micro Pension fund prices on their websites as at 31 March 2021 are;

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AIICO Pension Managers Limited
ARM Pension Managers Limited
AXA Mansard Pension Limited
Investment One Pension Managers Limited
FCMB Pensions Limited
NLPC Pension Fund Administrators Limited
Pensions Alliance Limited
Premium Pension Limited
Radix Pension Fund Managers Limited

Please see below the performance of Micro Pension Fund 5 for the nine (9) Pension Fund Administrators (PFAs) for March 2021.

We call on the PFAs below to take the “Transparency Path” and disclose the fund prices of their Micro Pension Fund 5 on their websites.

APT Pension Fund Managers Limited
CrusaderSterling Pensions Limited
Fidelity Pension Managers Limited
First Guarantee Pension Limited
IEI-Anchor Pension Managers Limited
Leadway Pensure PFA Limited
OAK Pensions Limited
Sigma Pensions Limited
Stanbic IBTC Pension Managers Limited
Trustfund Pensions Plc
Veritas Glanvills Pensions Limited

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 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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