The following Pension Fund Administrators (PFAs) are the top PFAs with the highest Return on Investment (ROI) for Fund I, II, III and IV for full year 2019;
PFA among Top 5 in 4 Funds
No PFA was among top 5 in the 4 funds.
PFAs among Top 5 in 3 Funds
@Apt_Pension APT Pension Fund Managers Limited
@AIICOPFA AIICO Pension Managers Limited
@AXAMansard AXA Mansard Pension Limited
@fidelitypfa Fidelity Pension Managers Limited
PFA among Top 5 in 2 Funds
@premiumpension Premium Pension Limited
PFAs among Top 5 in 1 Fund
@firstguarantee First Guarantee Pension Limited
@InvestmentOne Investment One Pension Managers Limited
@LeadwayPensure Leadway Pensure PFA Limited
@StanbicIBTC Stanbic IBTC Pension Managers Limited
@trustfundpltd Trustfund Pensions Plc
@VgPensions Veritas Glanvills Pensions Limited
PFAs based on average Return on Investment (ROI) per PFA
The table below shows all PFAs based on the average Return on Investment (ROI) for each PFA for January to December 2019 (Year to Date)
Kindly see below the full details and performance of all Pension Fund Administrators (PFAs) in Nigeria for full year 2019 per Fund.
Fund I is a special but optional Fund that Retirement Savings Account (RSA) holders who are below 50 years old can request to be moved to. It has the highest exposure to stock among the Funds under the Multifund structure, meaning that a higher percentage of Fund I is invested in buying shares of companies compared to other funds. If you have requested to be moved to Fund I, you should pay particular attention to the performance of Fund I but also constantly have a look at the performance of Fund II to be sure you made a right choice moving to Fund I.
Fund II is the default fund under the Multifund structure for RSA holders who are below 50 years old. If you are below 50 years old and you have not specifically requested that your PFA should move you to Fund I, then you will be in Fund II. You should pay particular attention to the performance of Fund II but you should also monitor the performance of Fund I to assist you in deciding whether to move to Fund I or not.
Fund III is default Fund for RSA holders who are 50 years & above but have not retired. Multifund structure gives PFAs the right to move anybody who is 50 years & above from Fund II to Fund III but the law also allows you to request to be moved back to Fund II if you choose to. If you are 50 years & above and you have not requested to be moved back to Fund II, then you will be in Fund III. You should pay attention to the performance of Fund III and keep an eye on the performance of Fund II to enable you decide whether to move back to Fund II.
Fund IV – The Retiree Fund
This is the Retiree Fund. All RSA holders that have retired are automatically moved to Fund IV and Retirees can not move to other Funds. Fund IV has the lowest exposure to equity.
PensionNigeria monitors the performance of Fund I, II, III & IV for all PFAs in Nigeria on monthly basis, 1st quarter, Half Year, 9 Months, Yearly and 3 years. Check them out here
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Do you want to know more about the MultiFund Structure, check out our MultiFund Structure Executive Summary here
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