Performance of all PFAs in Nigeria for Full Year 2020

The performance of all Pension Fund Administrators (PFAs) in Nigeria for Full Year 2020, for Fund I, II, III and IV, was GREEN for all PFAs. This means that no PFA had negative return on investment (RED) for Full Year 2020, i.e for January to December 2020.
Industry average Return on Investment (ROI)
The industry average Return on Investment (ROI) per fund shows the average performance of all PFAs in Nigeria for Fund I, II, III and IV for January to December 2020 (Year to Date).
Below is the Full Year 2020 Industry average Return on Investment (ROI) per fund for all PFAs in Nigeria.
Fund I Industry Average for 20 PFAs 21.72%
Fund II Industry Average for 22 PFAs 20.12%
Fund III Industry Average for 22 PFAs 19.60%
Fund IV Industry Average for 22 PFAs 15.95%
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Top PFAs based on Return on Investment (ROI) for the four (4) Funds
The following PFAs are the Top five (5) PFAs with the highest Return on Investment (ROI) for the four (4) Funds for January to December 2020 (Year to Date).
PFAs in Top 5 in 4 Funds for January to December 2020;
No PFA was in Top 5 in all the four funds for full year 2020
PFAs in Top 5 in 3 Funds for January to December 2020;
NLPC Pension Fund Administrators Limited
AXA Mansard Pension Limited
Investment One Pension Managers Limited
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PFAs in Top 5 in 2 Funds for January to December 2020;
CrusaderSterling Pensions Limited
Fidelity Pension Managers Limited
PFAs in Top 5 in 1 Fund for January to December 2020;
Stanbic IBTC Pension Managers Limited
OAK Pensions Limited
Veritas Glanvills Pensions Limited
Trustfund Pensions Plc
Radix Pension Fund Managers Limited
IEI-Anchor Pension Managers Limited
APT Pension Fund Managers Limited
Top 5 PFAs based on Return on Investment (ROI) for each Fund
The table below shows the Top 5 PFAs based on Return on Investment (ROI) for each Fund for January to December 2020 (Year to Date).
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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 2020 (Year to Date)
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PFA Performance per Fund
Also below is the performance of all PFAs per fund for January to December 2020 (Year to Date)
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.

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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.

Also Check out
Performance of all PFAs in Nigeria for January to October 2025
Performance of all PFAs in Nigeria for Full Year 2024
Performance of all PFAs in Nigeria for Full Year 2023
Performance of all PFAs in Nigeria for Full Year 2022
Performance of all PFAs in Nigeria for Full Year 2021
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
Six Years Performance for all PFAs in Nigeria (2019-2024)
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
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