Pension Fund Administrators (PFAs) Performance for Half Year (January – June) 2019.

Retirement Savings Account (RSA) Fund I, II, III & IV Return on Investment (ROI) for all Pension Fund Administrators (PFAs) in Nigeria for Half Year (January – June) 2019.

The following Pension Fund Administrators (PFAs) had the highest Return on Investment (ROI) for Half Year (January – June) 2019 for the respective Funds as shown below,

Fund I @CSPensions CrusaderSterling Pensions Limited
Fund II @AIICOPFA AIICO Pension Managers Limited
Fund III @RadixPension Radix Pension Fund Managers Limited
Fund IV @AIICOPFA AIICO Pension Managers Limited

Please see below the performance of Fund I, II, III, & IV for all Pension Fund Administrators (PFAs) in Nigeria for Half Year (January – June) 2019.

RSA Fund I

Fund I has the highest exposure to stock among the Funds under the Multifund structure, its the optional Fund that Retirement Savings Account (RSA) holders below 50 years old can request to be moved to.

RSA Fund II

Fund II is the default fund under the Multifund structure for RSA holders who are below 50 years old. Multifund structure gives these RSA holders the right to request to be moved to Fund I if they choose to. Any RSA holder below 50 years old who has not requested specifically to be moved to Fund I, will be in Fund II.
The maximum equity exposure for Fund II is 25%.

RSA Fund III

Fund III is default Fund for RSA holders who are 50 years & above but have not retired. Multifund structure gives PFAs the right to move these RSA holders to Fund III but they can request to be moved back to Fund II if they choose to. Maximum Equity Exposure for Fund III is 10%

Retiree Fund IV

Fund IV is the Retiree Fund. All RSA holders that have retired are automatically moved to Fund IV and Retirees can not move to other Funds. Fund IV has the lowest Equity Exposure of 5%.

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