Performance of all PFAs in Nigeria for October 2019.

There are several criteria you can use to measure the performance of Pension Fund Administrators, but in this piece we are concentrating on the Return on Investment (ROI) for Retirement Savings Account (RSA) holders.

The following Pension Fund Administrators (PFAs) are among the top PFAs with the highest Return on Investment (ROI) for Fund I, II, III and IV for October 2019;

PFA among Top 5 in 4 Funds
@AIICOPFA AIICO Pension Managers Limited

PFA among Top 5 in 3 Funds
@LeadwayPensure Leadway Pensure PFA Limited

PFA among Top 5 in 2 Funds
@AXAMansard AXA Mansard Pension Limited
@fidelitypfa Fidelity Pension Managers Limited
@InvestmentOne Investment One Pension Managers Limited
@oakpensionsltd OAK Pensions Limited
@premiumpension Premium Pension Limited

Kindly see below the full details and performance of all Pension Fund Administrators (PFAs) in Nigeria for October 2019 for Fund I, II, III and IV.

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 on monthly basis, 1st quarter, Half Year, 9 Months, Yearly and 3 years. 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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