Performance of all PFAs in Nigeria as at June 2020 (Year to Date)

The performance of all Pension Fund Administrators (PFAs) in Nigeria as at June 2020 was GREEN for all PFAs in Nigeria, except one PFA which had a negative Return on Investment -0.19% for Fund I as at June 2020.

The industry average for Fund I, II, III and IV as at June 2020 are;
Fund I Industry Average for 20 PFAs 5.59%
Fund II Industry Average for 22 PFAs 6.91%
Fund III Industry Average for 22 PFAs 7.67%
Fund IV Industry Average for 21 PFAs 7.23%

The following PFAs are the Top 5 PFAs with the highest Return on Investment (ROI) for Fund I, II, III and IV as at June 2020;

Top 5 in 4 Funds as at June 2020
No PFA was in Top 5 in all the Funds

Top 5 in 3 Funds as at June 2020
@nlpcpfa NLPC Pension Fund Administrators Limited
@VgPensions1 Veritas Glanvills Pensions Limited

Top 5 in 2 Funds as at June 2020
@InvestmentOne Investment One Pension Managers Limited
@fidelitypfa Fidelity Pension Managers Limited
@AXAMansard AXA Mansard Pension Limited
@ieianchorpens IEI-Anchor Pension Managers Limited
@nupemco Nigerian University Pension Management
@NPFPensions Nigeria Police Force Pensions Limited

Top 5 in 1 Fund as at June 2020
@SigmaPensions Sigma Pensions Limited
@StanbicIBTC Stanbic IBTC Pension Managers Limited

Kindly see below the full details and performance of all PFAs in Nigeria as at June 2020.

Fund I
Fund I is a special but optional Fund that Retirement Savings Account (RSA) holders who are below 50 years old can request to be moved to. It has the highest exposure to stock among the Funds under the Multifund structure, meaning that a higher percentage of Fund I is invested in buying shares of companies compared to other funds. If you have requested to be moved to Fund I, you should pay particular attention to the performance of Fund I but also constantly have a look at the performance of Fund II to be sure you made a right choice moving to Fund I.

Fund II
Fund II is the default fund under the Multifund structure for RSA holders who are below 50 years old. If you are below 50 years old and you have not specifically requested that your PFA should move you to Fund I, then you will be in Fund II. You should pay particular attention to the performance of Fund II but you should also monitor the performance of Fund I to assist you in deciding whether to move to Fund I or not.

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 anybody who is 50 years & above from Fund II to Fund III but the law also allows you to request to be moved back to Fund II if you choose to. If you are 50 years & above and you have not requested to be moved back to Fund II, then you will be in Fund III. You should pay attention to the performance of Fund III and keep an eye on the performance of Fund II to enable you decide whether to move back to Fund II.

Fund IV – The Retiree Fund
This 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 exposure to equity.

PensionNigeria monitors the performance of Fund I, II, III & IV for all PFAs in Nigeria Check them out here

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Do you want to know more about the MultiFund Structure, check out our MultiFund Structure Executive Summary here

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