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NLPC Pension Fund Administrators Limited, Investment One Pension Managers Limited and OAK Pensions Limited have emerged in the elite list (top five) of PFAs with the highest return on investment (ROI) across three RSA funds, from January to November 2020.
This is according to a disclosure by Pension Nigeria, seen by Nairametrics. According to the disclosure, the RSA funds in which the aforementioned firms made the elite list include; RSA Fund II, RSA Fund III and RSA Fund IV. Both Investment One and NLPC missed out of the top five in the RSA Fund I category.
RSA Fund I
The RSA Fund I is a special but optional fund in which RSA account holders who are below 50 years of age can opt-into. The top 5 PFAs with the highest rate of Returns on Investment (ROI) for the period under review are;
RSA Fund I
This fund has the highest allocation of risky or variable income instruments and participation is strictly upon a formal request from a contributor. The RSA Fund I is suitable for persons who want to invest in high-risk instruments with higher rewards. Hence, contributors who are 50 years and above cannot apply to be moved into this fund.
According to available data, only Stanbic IBTC Pension Manager Limited recorded positive growth in the month of February 2021, growing by 0.5% to close at N1.7223.
Name of PFA: Stanbic IBTC Pension Managers
February return: 0.5%
It is worth noting that, the information of Investment one Pension Managers was not available on their website, while that of NLPC Pension Fund Administrators and Pensions Alliance Limited could not be computed. Other administrators in this category recorded a decline in the review month.