Performance of all PFAs in Nigeria for the Month of October 2022 (Month on Month)

November 19, 2022 PensionNigeria

The performance of all Pension Fund Administrators (PFAs) in Nigeria for the month of October 2022, was GREEN for Fund III and IV for all PFAs in Nigeria, while the performance of Fund I was GREEN for 15 PFAs and RED for 5 PFAs and the performance of Fund II was GREEN for 18 PFAs and RED for 2 PFAs.

Industry average Return on Investment (ROI) for the month of October 2022

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 the month of October 2022.

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RSA Fund I Industry Average for 20 PFAs 0.27%
RSA Fund II Industry Average for 20 PFAs 0.31%
RSA Fund III Industry Average for 20 PFAs 0.66%
Retiree Fund Industry Average for 20 PFAs 0.82%

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 the month of October 2022.

PFAs that appeared Top 5 in 4 Funds for the month of October 2022;
CrusaderSterling Pensions Limited

PFAs that appeared Top 5 in 3 Funds for the month of October 2022;
Nigeria Police Force Pensions Limited
Veritas Glanvills Pensions Limited

PFAs that appeared Top 5 in 2 Funds for the month of October 2022;
Leadway Pensure PFA Limited
First Guarantee Pension Limited

PFAs that appeared Top 5 in 1 Fund for the month of October 2022;
OAK Pensions Limited
Stanbic IBTC Pension Managers Limited
Nigerian University Pension Management Company
Trustfund Pensions Limited
Premium Pension Limited
Guaranty Trust Pension Managers

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 the month of October 2022, 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 the month of October 2022. This is the best performance monitoring tool for each PFA based on ROI, because it shows each PFAs’ average performance for the period under review.

PFA Performance per Fund

Also below are the performance of all PFAs per fund for the month of October 2022.

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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