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Punch Newspapers Sections …as Stanbic, ARM, PAL lead in retiree fund Premium Pension Limited, ARM Pension Limited and Stanbic IBTC Pension have continued to show leadership in the country’s Contributory Pension Scheme (CPS) in terms of returns to contributors as well as in unit price of active contributors called Retirement Savings Account (RSA) Fund 11. RSA Fund II is also called default fund for all Active Contributors who are below 50 years of age. Analysis of performance of the Pension Fund Administrators(PFAs) from data obtained in the industry show that Premium Pension’s cumulative returns since inception was 433.75 percent, above industry average of top eight PFAs of 368.45 percent; while the unit price as at year end 2020 was 5,3375. ....
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