Performance of all PFAs in Nigeria for Full Year 2022
The performance of all Pension Fund Administrators (PFAs) in Nigeria for Full Year 2022, for Fund I, II, III and IV, was GREEN for all PFAs in Nigeria, i.e no PFA had a negative return on investment for the period under review.
Industry average Return on Investment (ROI) for Full Year 2022
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 Full Year 2022.
RSA Fund I Industry Average for 19 PFAs 8.97%
RSA Fund II Industry Average for 19 PFAs 9.55%
RSA Fund III Industry Average for 19 PFAs 9.86%
Retiree Fund IV Industry Average for 19 PFAs 10.22%
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PFAs that appeared most in Top 5 PFAs based on Return on Investment (ROI)
The analysis below shows the number of times a PFA appeared in Top 5 PFAs for Fund 1, 2, 3 & 4, based on Return on Investment (ROI) for the four (4) Funds, for Full Year 2022.
PFAs that appeared Top 5 in 4 Funds for Full Year 2022;
No PFA appeared Top 5 in all 4 funds
PFAs that appeared Top 5 in 3 Funds for Full Year 2022;
Nigeria Police Force Pensions Limited
CrusaderSterling Pensions Limited
Pensions Alliance Limited
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PFAs that appeared Top 5 in 2 Funds for Full Year 2022;
Access Pensions Limited
Premium Pension Limited
OAK Pensions Limited
Leadway Pensure PFA Limited
PFAs that appeared Top 5 in 1 Fund for Full Year 2022;
Stanbic IBTC Pension Managers Limited
ARM Pension Managers Limited
FCMB Pensions 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 Full Year 2022, with the percentage increase for each PFA.
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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 Fund 1, 2, 3 & 4, for Full Year 2022. This is the best performance monitoring tool for each PFA based on ROI, because it shows each PFAs’ average performance for the four funds for the period under review.
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PFA Performance per Fund
Also below are the performance of all PFAs per fund for Full Year 2022.
Fund 1 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 1 is invested in buying shares of companies compared to other funds. If you have requested to be moved to Fund 1, you should pay particular attention to the performance of Fund 1 but also constantly have a look at the performance of Fund 2 to be sure you made a right choice moving to Fund 1.
Fund 2 is the default fund under the Multifund structure for RSA holders who are below 50 years old. Multifund structure gives these RSA holders the right to request to be moved to Fund 1 if they choose to. The maximum equity exposure for Fund 2 is 25%. If you are below 50 years old, you should pay particular attention to the performance of Fund 2 but you should also monitor the performance of Fund 1 to assist you in deciding whether to move to Fund 1 or not. Any RSA holder below 50 years old who has not requested specifically to be moved to Fund 1, will be in Fund 2.
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Fund 3 is the default Fund for RSA holders who are 50 years old and above but have not retired. Multifund structure gives PFAs the right to move these RSA holders who were in Fund 2 before the Multifund structure, to Fund 3, but the RSA holders can request to be moved back to Fund 2, if they choose to. Maximum Equity Exposure for Fund 3 is 10%. If you are 50 years & above and you have not requested to be moved back to Fund 2, then you will be in Fund 3. You should pay attention to the performance of Fund 3 and keep an eye on the performance of Fund 2 to enable you decide whether to move back to Fund 2.
Fund IV, this is the Retiree Fund. All RSA holders that have retired are automatically moved to Fund 4 and Retirees can not move to other Funds. Fund 4 has the lowest Equity Exposure of 5%.
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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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