08. How can I choose the Fund through which my pension contributions will be invested under the RSA Multi-Fund Structure? – PensionNigeria

08. How can I choose the Fund through which my pension contributions will be invested under the RSA Multi-Fund Structure?

Contributors who are 49 years and below are in Fund II by default, but they can choose to move to Fund I. While contributors who are 50 years are in Fund III by default, but can choose to move to Fund II. However, contributors on Funds IV and VI are not allowed to move to any other Fund, while contributors on Fund V can move to either Fund II or III if they secure formal employment. Movements between the respective Funds are free once a year. Any subsequent request for movement is liable to nominal fees to be prescribed by PenCom.

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