Biggest PFAs by RSA Registrations December 2021
National Pension Commission (PenCom) has disclosed that the total number of Retirement Savings Account (RSA) Registrations as at 31 December 2021 is 9,529,127.
The report also disclosed the total number of RSA Registrations per Pension Fund Administrator (PFA) from inception of the Contributory Pension Scheme to 31 December 2021.
This report revealed that only 5 PFAs have over 50% of the RSA clients under the Contributory Pension Scheme (CPS). The PFAs, Stanbic IBTC Pension, ARM Pension, Trustfund Pensions, Premium Pensions and Sigma Pensions, have 53.04% of the total RSA Registrations in the industry from inception of the Contributory Pension Scheme to 31 December 2021, compared to the 53.18% the 5 PFAs held as at 31 December 2020.
Stanbic IBTC Pensions is by far the largest PFA by RSA registrations from inception to 31 December 2021, with 20.20% (up from 20.16% as at December 2020) followed by ARM Pensions at 8.95% (down from 8.97% as at December 2020) and the PFA with the lowest RSA contributors is Nigerian University Pension Management Company (NUPEMCO) at 0.26% (up from 0.25% as at December 2020) followed by Radix Pension at 0.40% (up from 0.38% as at December 2020).
We have also extracted the Full Year 2021 RSA Registrations for all PFAs and it revealed some PFAs’ excellent performance for Full Year 2021. Stanbic IBTC Pensions, ARM Pension, Leadway Pensure, Premium Pension and Trustfund Pensions, are the Biggest PFAs by RSA Registrations for Full Year 2021 while Apt Pension, IEI-Anchor Pension, Oak Pensions, FCMB Pensions and Radix Pension, gained impressive industry percentage compared to their industry percentage share as at 31 December 2020.
The three tables below are for your perusal;
PFAs by RSA Registrations for Full Year 2021
PFAs by RSA Registrations Inception to 31 December 2021
PFAs by RSA Registrations Inception to 31 December 2020
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Check below for PensionNigeria breakdown of all the important aspects of the PenCom 4th Quarter 2022 Report
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DONT MISS PenCom 4th Quarter 2021 Report Series
Status of Implementation of CPS in States as at December 2021
Analysis of Pension Operating Environment Q4 2021
Appointment & Resignation of Pension Operators’ Board Members
PenCom issued 1,526 organizations Compliance Certificates in Q42021, Full details and list of Employers
36 Employers paid N577 million Penalty for late Remittance of Pension Contribution
Update on NSITF & Refund of Pension Contribution to Military & SSS
How PenCom monitored the Pension Industry Q4 2021
Update on the Micro Pension Plan Q42021
Update on the RSA Transfer System (RTS) Q42021
Biggest PFAs by RSA Registrations December 2021
PFAs paid N203 billion to RSA Holders in 2021
Also Check out
Performance of all PFAs in Nigeria for Full Year 2021
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