Performance of all PFAs in Nigeria for January to February 2021 (Year to Date)

April 4, 2021 PensionNigeria

The performance of all Pension Fund Administrators (PFAs) in Nigeria for January to February 2021, for Fund I, II, III and IV, was RED for most PFAs, only three (3) PFAs did not have a negative Return on Investment (ROI) for any of their funds while the remaining nineteen (19) PFAs had a negative Return on Investment (ROI) for at least one or all of their funds.

Industry average Return on Investment (ROI)

The industry average Return on Investment (ROI) per fund shows the average performance of all PFAs in Nigeria for Fund I, II, III and IV for January to February 2021 (Year to Date).

Fund I Industry Average for 20 PFAs -1.84%
Fund II Industry Average for 22 PFAs -1.58%
Fund III Industry Average for 22 PFAs -0.76%
Fund IV Industry Average for 22 PFAs -0.25%

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Top PFAs based on Return on Investment (ROI) for the four (4) Funds

The following PFAs are the Top five (5) PFAs with the highest Return on Investment (ROI) for the four (4) Funds for January to February 2021 (Year to Date).

PFAs in Top 5 in 4 Funds for January to February 2021;
Stanbic IBTC Pension Managers Limited
Veritas Glanvills Pensions Limited

PFAs in Top 5 in 3 Funds for January to February 2021;
No PFA was among Top 5 in three funds

PFAs in Top 5 in 2 Funds for January to February 2021;
AXA Mansard Pension Limited
ARM Pension Managers Limited
APT Pension Fund Managers Limited
Leadway Pensure PFA Limited
First Guarantee Pension Limited

PFAs in Top 5 in 1 Fund for January to February 2021;
CrusaderSterling Pensions Limited
Radix Pension Fund Managers Limited

Top 5 PFAs based on Return on Investment (ROI) for each Fund

The table below shows the Top 5 PFAs based on Return on Investment (ROI) for each Fund for January to February 2021 (Year to Date).

PFAs based on average Return on Investment (ROI) per PFA

The table below shows all PFAs based on the average Return on Investment (ROI) for each PFA for January to February 2021 (Year to Date)

PFA Performance per Fund

Also below is the performance of all PFAs per fund for January to February 2021 (Year to Date)

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 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 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.

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