Micro Pension RSA Fund 5 Performance from Inception (March 2019) to 31 December 2022 for all PFAs in Nigeria

February 6, 2023March 4, 2023 PensionNigeria 2022, December 2022, Inception Report, Micro Pension ROI, Micro Pension Scheme, Pension Fund Administrators (PFA), Retirement Savings Account, Return on Investment

Micro Pension Retirement Savings Account (RSA) Fund 5 Return on Investment (ROI) from inception in March 2019 to 31 December 2022, for all Pension Fund Administrators (PFAs) in Nigeria.

The five (5) PFAs with the highest Return on Investment (ROI) for Micro Pension RSA Fund 5 from inception in March 2019 to 31 December 2022 are;

1st Stanbic IBTC Pension Managers Limited
2nd Veritas Glanvills Pensions Limited
3rd Pensions Alliance Limited
4th FCMB Pensions Limited
5th Fidelity Pension Managers Limited

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Please see below the performance of Micro Pension RSA Fund 5 from inception in March 2019 to 31 December 2022, for all Pension Fund Administrators (PFA) in Nigeria.

Please note that the above report was updated because Access Pension Limited readvised us that they adopted the Micro Pension fund price for First Guarantee Pension Limited (FGPL) for the merger rather than the Micro Pension fund price for Sigma Pension Limited which was previously communicated to us.

Kindly note that;

Nigeria Police Force Pensions Limited and Nigerian University Pension Management Company, do not have Micro Pension because they are not PFAs meant for the general public.

Access Pensions Limited (formerly Sigma Pensions) started their Micro Pension Fund around July 2022.

All Pension Fund Administrators (PFAs) had the opportunity to open Micro Pension Retirement Savings Accounts immediately Micro Pension was launched.

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 the informal sector, market women, carpenter, plumbers, mechanic, ride hailing drivers, bloggers, influencers etc, can all open a Micro Pension Account with any Pension Fund Administrator (PFA) of their choice except Nigerian University Pension Management Company (NUPEMCO) and Nigeria Police Force Pensions Limited.

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