The National Pension Commission (PenCom) has disclosed that the total number of RSA Registrations as at 30 September 2020 is 9,147,039, the PenCom report also disclosed the total number of RSA registrations per Pension Fund Administrator (PFA) from inception to 30 September 2020.
This 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, Sigma Pensions and Premium Pensions, have 53.3% of the total RSA contributors in the industry.
Stanbic IBTC Pensions is by far the largest PFA by RSA registrations at 20.2% followed by ARM Pensions at 9% and the PFA with the lowest RSA contributors is Nigerian University Pension Management Company (NUPEMCO) followed by Radix Pension.
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