Micro Pension Retirement Savings Account (RSA) Fund 5 Return on Investment (ROI) for November 2020 for all Pension Fund Administrators (PFAs) in Nigeria (Month on Month).
Only eight (8) Pension Fund Administrators (PFAs) disclosed the Fund prices for their Micro Pension RSA Fund 5 as at 30 November 2020 on their websites. There are indications that twenty (20) PFAs currently have registered Micro Pension contributors, so we hope that all PFAs will disclose their Micro Pension Fund prices soonest.
The eight (8) PFAs disclosing their Micro Pension fund prices are;
AIICO Pension Managers Limited
ARM Pension Managers Limited
AXA Mansard Pension Limited
Investment One Pension Managers Limited
FCMB Pensions Limited
NLPC Pension Fund Administrators Limited
Pensions Alliance Limited
Premium Pension Limited
Please see below the performance of Micro Pension Fund 5 for the eight (8) Pension Fund Administrators (PFAs) for November 2020.
Micro Pension Plan (MPP) is a pension plan under the Contributory Pension Scheme (CPS) that allows people who are not mandatorily covered by the Pension Reform Act 2014 make financial contributions towards the provision of pension at their retirement or incapacitation.
Micro Pension was introduced in March 2019 and it is voluntary for Persons working in organizations with less than three (3) employees and people working in the informal sector e.g, market women, carpenter, plumbers, mechanic, ride hailing drivers etc, can all open a Micro Pension Account with any Pension Fund Administrator (PFA) of their choice except NUPEMCO and Nigeria Police Force PFA.
Also Check out
Performance of all PFAs in Nigeria for January to March 2021 (Year to Date)
Performance of all PFAs in Nigeria for Full Year 2020
Performance of all PFAs in Nigeria for Full Year 2019
Performance of all PFAs in Nigeria for Full Year 2018
RSA Fund 1 Performance for all PFAs – Inception to Dec 2020
RSA Fund 3 Performance for all PFAs – Inception to Dec 2020
Do you want to know more about the MultiFund Structure,
check out our MultiFund Structure Executive Summary here
PensionNigeria monitors the performance of Fund I, II, III, IV & V, for all PFAs in Nigeria Check them out here
Subscribe to PensionNigeria Weekly Newsletter to ensure you don’t miss any post Click here to Subscribe
Support PensionNigeria financially here, empower us to do more independent analysis of the Pension Industry in Nigeria
Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube