Performance of all PFAs in Nigeria for September 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 three (3) Pension Fund Administrators (PFAs) are among the top 5 PFAs with the highest Return on Investment (ROI) for Fund I, II, III and IV for September 2019;

@Apt_Pension APT Pension Fund Managers Limited
@CSPensions CrusaderSterling Pensions Limited
@premiumpension Premium Pension Limited

Kindly see below the performance of all Pension Fund Administrators (PFAs) 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.

Subscribe to PensionNigeria Weekly Newsletter to ensure you don’t miss any post. Click here to Subscribe

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

Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria for Educational Tips and all Pension News in Nigeria
LinkedIn https://www.linkedin.com/company/pensionnigeria/
Twitter https://twitter.com/PensionNigeria
Instagram https://www.instagram.com/pensionnigeria
Like our Page on Facebook https://www.facebook.com/PensionNigeria
& Subscribe to our channel on YouTube (its free) www.youtube.com/channel/UC7rMbSK6RMRcODbdM21H72g