The performance of all Pension Fund Administrators (PFAs) in Nigeria for the month of June 2020, for Fund I, II, III and IV, was not GREEN for all PFAs in Nigeria. Four (4) PFAs closed the month in RED for Fund I and one (1) PFA closed the month in RED for Fund II.
The industry average on Return on Investment (ROI) for Fund I, II, III and IV for June 2020 are;
Fund I Industry Average for 20 PFAs = 1.78%
Fund II Industry Average for 22 PFAs = 2.43%
Fund III Industry Average for 22 PFAs = 2.49%
Fund IV Industry Average for 21 PFAs = 2.20%
The following PFAs are the Top 5 PFAs with the highest Return on Investment (ROI) for Fund I, II, III and IV for June 2020;
Top 5 in 4 Funds for June 2020
Top 5 in 3 Funds for June 2020
NLPC Pension Fund Administrators Limited
Investment One Pension Managers Limited
Nigeria Police Force Pensions Limited
Top 5 in 2 Funds for June 2020
Nigerian University Pension Management Company Limited
Fidelity Pension Managers Limited
APT Pension Fund Managers Limited
Top 5 in 1 Fund for June 2020
Sigma Pensions Limited
Veritas Glanvills Pensions Limited
Stanbic IBTC Pension Managers Limited
AXA Mansard Pension Limited
Leadway Pensure PFA Limited
Kindly see below the full details and performance of all PFAs in Nigeria for June 2020.
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 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