Micro Pension Contribution per PFA Q2 2022
National Pension Commission (PenCom) has released the pension contributions received from Micro Pension Contributors (MPC) per Pension Fund Administrator (PFA) in its 2nd quarter 2022 report.
The total pension contributions received from MPCs in Q2 2022 was ₦22,193,664.59. This brings the total pension contributions received to ₦280,780,481.42 from 9,586 MPCs from inception of the Micro Pension Plan in March 2019 to 30 June 2022.
A breakdown of the pension contributions received from MPCs during the 2nd quarter 2022 showed that ARM Pension Managers (PFA) Limited, Stanbic IBTC Pension Managers Limited and Premium Pensions Limited had the highest contributions collected during the 2nd quarter of 2022, with N6,732,365.54, N5,825,048.01 and N3,431,500.00, respectively. In contrast, the PFAs with the lowest contributions were Crusader Sterling Pensions Limited, IEI-Anchor Pension Managers Limited and Leadway Pensure PFA Limited with N90,000.00 N85,250.00 and N15,000.00, respectively. First Guarantee Pensions Limited, Radix Pension Managers Limited and Sigma Pensions Limited did not receive any contribution from their registered MPCs during the 2nd quarter of 2022.
A breakdown of the micro pension contributions received from inception of the Micro Pension Plan in March 2019 to 30 June 2022, revealed that, Stanbic IBTC Pension Managers Limited, Fidelity Pension Managers Limited and ARM Pension Managers (PFA) Limited accounted for the largest amount with N123,120,129.9, N36,765,062.28 and N32,174,557.23 representing 43.85%, 13.09% and 11.%46, respectively, as at 30 June 2022.
See below table showing Micro Pension Contribution per PFA
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