Performance of all PFAs in Nigeria for January to July 2020 (Year to Date)
The performance of all Pension Fund Administrators (PFAs) in Nigeria for January to July 2020, for Fund I, II, III and IV, was GREEN for all PFAs in Nigeria.
Industry average Return on Investment (ROI) per Fund for all PFAs in Nigeria
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 July 2020.
Fund I Industry Average for 20 PFAs 7.93%
Fund II Industry Average for 22 PFAs 9.17%
Fund III Industry Average for 22 PFAs 10.38%
Fund IV Industry Average for 22 PFAs 8.89%
Top 5 PFAs based on Return on Investment (ROI) for the four Funds
The following PFAs are the Top five (5) PFAs with the highest Return on Investment (ROI) for the four Funds for January to July 2020; The grouping below is based on the number of times a PFA is among the Top 5 PFAs for all funds.
Top 5 in 4 Funds for January to July 2020;
No PFA was among the Top 5 in all the four Funds
Top 5 in 3 Funds for January to July 2020;
NLPC Pension Fund Administrators Limited
Investment One Pension Managers Limited
Top 5 in 2 Funds for January to July 2020;
Veritas Glanvills Pensions Limited
Fidelity Pension Managers Limited
Top 5 in 1 Fund for January to July 2020;
Radix Pension Fund Managers Limited
Sigma Pensions Limited
Stanbic IBTC Pension Managers Limited
AXA Mansard Pension Limited
APT Pension Fund Managers Limited
OAK Pensions Limited
Nigeria Police Force Pensions Limited
IEI-Anchor Pension Managers Limited
Nigerian University Pension Management Company Limited
Leadway Pensure PFA Limited
Top PFAs based on average Return on Investment (ROI) per PFA
In addition to the above, we also have a table to show the Top PFAs based on the average Return on Investment (ROI) for the four Funds for each PFA.
PFA Performance per Fund
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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