Performance of all PFAs in Nigeria for January to July 2023 (Year to Date)

October 1, 2023 PensionNigeria

The performance of all Pension Fund Administrators (PFAs) in Nigeria for January to July 2023, for Fund I, II, III and IV, was GREEN for all PFAs in Nigeria, i.e no PFA had a negative return on investment for the period under review.

Industry average Return on Investment (ROI) for January to July 2023

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 2023.

RSA Fund I Industry Average for 19 PFAs 11.83%
RSA Fund II Industry Average for 19 PFAs 10.00%
RSA Fund III Industry Average for 19 PFAs 8.35%
Retiree Fund IV Industry Average for 19 PFAs 7.00%

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PFAs that appeared most in Top 5 PFAs based on Return on Investment (ROI)

The analysis below shows the number of times a PFA appeared in Top 5 PFAs for Fund 1, 2, 3 & 4, based on Return on Investment (ROI) for the four (4) Funds, for January to July 2023.

PFAs that appeared Top 5 in 4 Funds for January to July 2023;
Nigeria Police Force Pensions Limited
Pensions Alliance Limited

PFAs that appeared Top 5 in 3 Funds for January to July 2023;
CrusaderSterling Pensions Limited

PFAs that appeared Top 5 in 2 Funds for January to July 2023;
Leadway Pensure PFA Limited
Access Pensions Limited

PFAs that appeared Top 5 in 1 Fund for January to July 2023;
Nigerian University Pension Management Company
Trustfund Pensions Limited
Tangerine APT Pensions Limited
Radix Pension Fund Managers Limited
Norrenberger Pensions 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 July 2023, with the percentage increase for each PFA.

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 Fund 1, 2, 3 & 4, for January to July 2023. This is the best performance monitoring tool for each PFA based on ROI, because it shows each PFAs’ average performance for the four funds for the period under review.

PFA Performance per Fund

Also below are the performance of all PFAs per fund for January to July 2023.

Fund 1 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 1 is invested in buying shares of companies compared to other funds. If you have requested to be moved to Fund 1, you should pay particular attention to the performance of Fund 1 but also constantly have a look at the performance of Fund 2 to be sure you made a right choice moving to Fund 1.

Fund 2 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 1 if they choose to. The maximum equity exposure for Fund 2 is 25%. If you are below 50 years old, you should pay particular attention to the performance of Fund 2 but you should also monitor the performance of Fund 1 to assist you in deciding whether to move to Fund 1 or not. Any RSA holder below 50 years old who has not requested specifically to be moved to Fund 1, will be in Fund 2.

Fund 3 is the default Fund for RSA holders who are 50 years old and above but have not retired. Multifund structure gives PFAs the right to move these RSA holders who were in Fund 2 before the Multifund structure, to Fund 3, but the RSA holders can request to be moved back to Fund 2, if they choose to. Maximum Equity Exposure for Fund 3 is 10%. If you are 50 years & above and you have not requested to be moved back to Fund 2, then you will be in Fund 3. You should pay attention to the performance of Fund 3 and keep an eye on the performance of Fund 2 to enable you decide whether to move back to Fund 2.

Fund IV, this is the Retiree Fund. All RSA holders that have retired are automatically moved to Fund 4 and Retirees can not move to other Funds. Fund 4 has the lowest Equity Exposure of 5%.

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