Performance of all PFAs in Nigeria for January to March 2022

The performance of all Pension Fund Administrators (PFAs) in Nigeria for January to March 2022, for Fund I, II, III and IV, was GREEN for all PFAs, i.e no PFA had a negative Return on Investment (ROI) for Fund I, II, III and IV during the period.
PFA average ROI for Fund 1-4 for Year 2020 was Bullish while in comparison, 2021 was Bearish, will PFA average ROI for Fund 1-4 be Bullish or Bearish in 2022? Our Performance of all PFAs for January to March 2022 shows the performance of all PFAs for the 1st quarter of 2022.
Industry average Return on Investment (ROI) for January to March 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 January to March 2022.
Below are the January to March 2022 Industry average Return on Investment (ROI) per fund for all PFAs in Nigeria.
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Fund I Industry Average for 20 PFAs 2.54%
Fund II Industry Average for 20 PFAs 2.58%
Fund III Industry Average for 20 PFAs 2.42%
Fund IV Industry Average for 20 PFAs 2.38%
Top PFAs based on Return on Investment (ROI) for the four (4) Funds for January to March 2022
The following PFAs are the Top five (5) PFAs with the highest Return on Investment (ROI) for the four (4) Funds for January to March 2022.
PFAs in Top 5 in 4 Funds for January to March 2022;
First Guarantee Pension Limited
PFAs in Top 5 in 3 Funds for January to March 2022;
Leadway Pensure PFA Limited
Pensions Alliance Limited
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PFAs in Top 5 in 2 Funds for January to March 2022;
OAK Pensions Limited
IEI-Anchor Pension Managers Limited
Sigma Pensions Limited
PFAs in Top 5 in 1 Fund for January to March 2022;
Stanbic IBTC Pension Managers Limited
ARM Pension Managers Limited
FCMB Pensions Limited
CrusaderSterling 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 January to March 2022.
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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 March 2022.
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PFA Performance per Fund
Also below are the performance of all PFAs per fund for January to March 2022.
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.
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.
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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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