Sometimes, other challenge has to do with pension funds misappropriation. This indicates a growth of 4.3% Month-on-Month. Investment in state government securities stood at N150.59 billion, down by 2.5% Month-on-Month. The chief body that manages the administrators is the National Pension Commission in Nigeria that occasionally gives them instructions on how to manage the nation’s pensions from this moment on. Sigma Pension +234 1 2627490-1, The National Pension Commission (Pencom) is the body that supervises and regulates the Nigerian Pension Industry. Area 3 Fidelity Pension Managers Limited is a pension fund administrator in Nigeria that has been recognized globally as the best PFA in the country. You can also use this app to calculate how much your expected pension will be. READ: How to redeem your unclaimed dividends in Nigeria. Lagos, +234 1 2715500, Investment in green bonds declined to N11.8 billion, down by 10.6% Month-on-Month. 207, Zakariya Maimalari Street After my first article on the best pension fund managers in Nigeria, a few people have commented differently on the article. It is managed and administered by Pension Fund Administrators to meet the social welfare needs of the population thus insuring against income loss at old age and the life cycle risks of the society. BY ZAKA KHALIQ | The Pension Fund Administrators (PFAs) have invested N8.1 trillion from the nation’s N12.29 trillion pension assets, in federal government securities, as at the end of November, 2020, LEADERSHIP can now reveal. Off Gimbiya Street Address is at FUG Pensions House , 26, Commercial Avenue Sabo, Yaba, Lagos. Leadway Pensure have led the line in pension fund administation for many years due to their excellent customer service. The Pension Funds Administrators, PFAs, have invested N300.98bn of the total assets under the Contributory Pension Scheme in the infrastructure and real estate properties as of the end of November. May be, fiscal policy may become a more potent instrument of economic management, if that happens. Garki, Abuja, +234 9 7831663 – 4, #8 Fidelity Pension Managers Limited. According to the report from Pension Nigeria, no PFA had negative returns on investment (ROI) during the period under review, indicating that all […] RELATED POSTS Vitafoam Net Profit Up By 72% Despite COVID-19 Stock Market Opens Week With N39bn Loss This investment represents […] This amount … Mr. Eguarekhide Longe MD. Effective from 2nd July 2018, the MultiFund Structure for Retirement Savings Accounts (RSA) was required to be implemented across all the PFAs in Nigeria. +234 9 6720547, 2016, 196-209 Strategies to … South West Ikoyi, Lagos, No. Victoria Island, Lagos, +234 1 2667710, Garki – Abuja, +234 07029128221, 22, Otukpo Street List Of 21 Licensed Pension Fund Administrators In Nigeria 1.AIICO Pension Managers Limited. Victoria Island Victoria Island Fidelity Pension Managers Limited. They are used as a means for the government to borrow to cover short term budgetary deficits as well as a means for the Central Bank to manage the supply of money and its inflationary effects. Compared to 2019, the capital activities, comprising of subscriptions and redemptions were slightly far afield. The Generalized Methods of Moment was used to analyze secondary data of Pension Fund Administrators. Nigerian Agip Cpfa Limited 1, Elsie Femi Pearse Off Adeola Odeku Street Victoria Island, Lagos. Opebi- Ikeja 0 review(s) | Closed Pension Fund Administrators In the month of September 2020, according to the latest report, pension fund managers closed out of treasury bill positions worth N0.224 trillion while loading up on FGN bonds worth N0.254 trillion. Since the beginning of 2020, pension fund managers have moved out about N1.112 trillion of treasury bills investments into mostly FGN Bonds. The good thing about it is that no particular fund group dominated in making gains. +234 9 4614400-29, The PFA must also satisfy the Commission that it has the professional capacity to manage pension funds and administer retirement benefits. Ikeja Lagos +234 8157306868-MD +234 1 2624667 +234 1 2625003 +234 1 2624174 (Fax) Introduction 1.1 Background To The Study. Others include Leadway Pensure PFA Limited (9.67%), Crusader Sterling Pensions Limited (9.65%), AIICO Pension Managers (9.61%), IEI-Anchor Pension Managers Limited (9.51%), Fidelity Pension Managers (9.46%), Stanbic IBTC Pension Managers (9.45%), and Radix Pension Fund Managers Limited (9.28%). The chief body that manages the administrators is the National Pension Commission in Nigeria that occasionally gives them instructions on how to manage the nation’s pensions from this moment on. Pension Reform Act and PFA in Nigeria. The Commission considers applications for license to operate as a PFA from entities that fulfil the requirements as enshrined in Section 60 of the PRA 2014. Phone E-mail Website. Nigeria’s pension fund assets increase to N8.14 trillion, How foreign exchange risks and others affect the Nigerian pension industry, How foreign exchange risks and others affect the Nigerian pension industry), Pension fund administrators pile up cash in anticipation of withdrawals, Lagos approves 33% increase for all state pensioners, Pension Fund Assets hits N9.3 trillion as investment in FGN securities drops, Nigeria’s Micro Pension industry: A gold mine waiting to be tapped, FG posts 27% revenue shortfall in 2020 as budget deficit hit N6.1 trillion, Worry for PFAs as pandemic-induced unemployment lowers new pension accounts, Nigeria’s Eurobond yield hit 12.8% as investors flee emerging markets, How to redeem your unclaimed dividends in Nigeria, Where to buy Real Estate in Lagos in 2021, Nigeria’s Asset to GDP Ratio Is low despite rise in Mutual Fund value. This represented a 1.94% increase when compared with N12.053trn +234 1 2793583 (Fax), NPF Pensions House Labour House While Fund IV with 22 PFAs, recorded 9.01% return on investment. Net inflows for 2020 stands at N0.483 trillion. READ: Worry for PFAs as pandemic-induced unemployment lowers new pension accounts. 14 Trustfund Pensions Plc Plot 820/821, Labour House Central Area, Garki, Abuja Get project topics and ideas with materials. Dikko street, Off Shehu Shagari Way NLPC Pension Fund Administrators Limited (NLPC PFA) is a licensed PFA in Nigeria and we manage Retirement Savings Accounts (RSAs), invest pension funds and pay retirement benefits to our customers. In response to the comments, I have decided to do another article on the pros and cons of Pension Fund Administrator (PFA) transfer. The concept and issues that are attached to the contributory pension scheme in our country, did not start today, and to some extent, is not peculiar to us alone. The pension industry fund assets rose to N12.29trn by November 30, 2020. On the downside, the two funds that recorded the greatest losses came from the Real Estate Investment fund category. READ: Nigeria’s pension fund assets increase to N8.14 trillion. Pension scheme is not new in Nigeria, it had started since 1950s. +234 9 4626968/69, According to the Pension Commission (Pencom) “Pension Fund Administrators (PFAs) have been duly licensed to open Retirement Savings Accounts for employees, invest and manage the pension funds in a manner as the […] 29, Marina (Church House), 3rd Floor, Marina, Lagos Island, Lagos. Garki Area 11 After all these specialists manage people’s finance and need to be absolutely trustworthy. After the Pension Reform Act in 2004, many people are in search of a reliable and licensed Pension Fund Administrators in Nigeria. Lagos, +234 1 2793580 – 2, Mr. Eguarekhide Longe MD. That is to say, there are some other climes that face some problems as … RELATED POSTS Vitafoam Net Profit Up By 72% Despite COVID-19 Stock Market Opens Week With N39bn Loss This investment represents […] The five (5) Pension Fund Administrators (PFAs) with the highest Return on Investment (ROI) for Fund … Off Adetokunbo Ademola Crescent Total RSA registration for the aforementioned period also increased by 0.17% to 9,188,475. In 2019, subscriptions stood at N0.52 trillion while redemptions came up to N0.14 trillion, resulting in a net inflow of N0.38 trillion. According to the report from Pension Nigeria, no PFA had negative returns on investment (ROI) during the period under review, indicating that all PFAs for Fund I, II, III, and IV recorded positive returns. Put in another way, as at the end of 2019, 18.4% of pension fund assets were invested in treasury bills but as at September 30, 2020, pension funds’ treasury bill investment stood at 6.7%, READ: Pension Fund Assets hits N9.3 trillion as investment in FGN securities drops, Implications for domestic borrowing and monetary policy. +234 8165722731, cservice@ieianchorpensions.com +234 1 2662002, No. Veritas Glanvills pensions Limited, Fidelity Pension Managers Limited, and IEI-Anchor Pension Managers Limited topped the list in two funds. We were incorporated on April 14, 2005 to manage and administer retirement savings contributions of employees in Nigeria as a result of the Pension Reform Act of 2004. Out of nowhere, Stanbic IBTC Nigeria Equity fund sneaked in with some sizable gains too. The voluntary contribution provides various packages for people who want to set up different goals for their pensions. The company is licensed by the National Pension Commission, the pension regulatory body, as a pension fund Administrator in accordance with the provisions of the Pension Reform Act 2004. 5, Mekunwen Road We are a licensed Pension Fund Administrator with over 13 years of professional experience in Pension Funds Administration. +234 1 2624667 4.01million and Pension Fund Assets of N1.5trillion 1954 The Basic Pension Decree 102 establishing the Civil Service Pension Scheme 1961 1979 Establishment of the Nigeria Social Insurance Trust Fund (NSITF) to replace the NPF scheme 1993 The Pension Reform Act 2004 2004 Pension Fund Assets of N2.9trillion 2009 2012 PenCom registers It is part of the Asset & Resource Management Company Limited (ARM) Group, one of Nigeria’s most prominent and respected financial service brands. 12 out of the 22 PFAs performed above the average ROI of 9.28%, for all the funds put together. Johnson is a risk management professional and banker with unbridled passion for research and writing. Off Faskari Crescent Fidelity Pension Managers Limited, a subsidiary of Fidelity Bank Plc. The order redirected the investment focus of most PFAs, with many opting for other low-risk FGN securities, possibly explaining why the increase occurred. This is the Retiree Fund. pension fund administrators (pfa) The Contributory Pension Scheme requires pension funds to be privately managed exclusively by licensed Pension Fund Administrators (PFA). The main functions of the PFA are to open Retirement Savings Account (RSA) for employees; invest and manage pension fund assets; payment of retirement benefits and accounting for all transactions relating to the pension … +234 1 4626966 (Fax), +234 1 2667177, Project and Seminar Material for Accountancy / Accounting. NLPC Pension Fund Administrators Limited topped the list (20.33%), followed by Investment One Pension Managers Limited (14.5%), Veritas Glanvills Pensions limited (12.02%), AXA Mansard Pensions (10%), OAK Pensions Limited (9.7%). FGN Bonds got the lion’s share of N7.38 trillion as of November 2020, accounting for 90.7% of the total amount invested in FGN securities for the aforementioned month. +234 9 2340096 (Fax), No. ARM Pension Managers (PFA) Ltd is one of the first seven Pension Fund Administrators (PFA) granted license by the National Pension Commission in December 2005. The findings show that PFA has a positive and significant effect … Pensions Alliance Limited (PAL Pensions) is Nigerian based, youth-friendly pension funds administrative company that help with the administration of retirement pension funds, so their customers can secure a future without worries and retire with a smile. It is worth noting that no single PFA was dominant in all the four funds. Plot 2, Oba Akran Avenue READ: FG posts 27% revenue shortfall in 2020 as budget deficit hit N6.1 trillion, At the beginning of 2020, total pension fund assets invested in treasury bills stood at N1.88 trillion, but that has fallen to N0.78 trillion as at the end of September 2020. In Nigeria, the requirement for the Contributory Pension Scheme is that the pension funds are to be privately and exclusively managed by licensed Pension Fund Administrators (PFA). It is guided in the discharge of its duties by the Trust Deed and Regulations for the Fund executed by the sponsor company, The Shell Petroleum Development Company of Nigeria … Off Oyinkan Drive 29 Durban Street Premium Pension Limited is a reputable pension fund administration service arena in Nigeria for pension managerial services. Please see below the performance of Fund IV for all Pension Fund Administrators (PFAs) in Nigeria for December 2020. Let’s find out who they are, what they do, and how to find a reliable one. The breakdown of the amount invested on various FGN securities within the period under review are: Read Also: Pension Fund Assets hits N9.3 trillion as investment in FGN securities drops. Shell Nig. Closed Pension Fund Administrator Ltd is the Trustee of the Shell Nigeria Staff (Non Contributory) Pension Fund. In Nigeria, the requirement for the Contributory Pension Scheme is that the pension funds are to be privately and exclusively managed by licensed Pension Fund Administrators (PFA). Apparently, the Real Estate Investment Trust funds have not been doing good. 38/40, Opebi Road Fug Pensions Limited is a Nigerian pension fund administration service outlet for pre-retirement training and counseling services. Lagos, dapo.akisanya@axamansard.com The pension contribution scheme exists so that every hardworking Nigerian is guaranteed to receive the pension they deserve when the time comes. Ayeni held the position of Vice-Chairperson for the Pension Fund Operators’ Association of Nigeria (PenOp) for two terms and was the Chair of the Association’s Pension Institute Committee. 14, Keffi Street But the enactment of the new act that the Pension Fund Reform Act of 2004 made it to wear a new looks. Meanwhile, 10 PFAs performed below the average ROI, with Premium Pensions Limited (4.96%) at the bottom of the list, followed by APT Pension Fund Managers (5.81%), First Guarantee Pensions Limited (6.46%), TrustFund Pensions Plc (6.61%), ARM Pension managers (7.0%). Crusaders Sterling Pensions Ltd is one of the top and reliable pension fund administrators in Nigeria today. +234 9 5237787, Plot 1678, Olakunle Bakare Close READ: Nigeria’s Eurobond yield hit 12.8% as investors flee emerging markets. The nation’s pension assets rose significantly by 1.76 trillion in the last one year, growing from N9.81 trillion in October 2019 to N11.57 trillion at the end of September 2020. Investment in Agency bonds also declined to N6.03 billion, down by 50.9% Month-on-Month. Sigma Pensions Limited commenced operations on 8th of December 2005 as a licensed pension fund administrator (PFA) following the establishment of the contributory pension scheme in 2004. The same data source now shows that as at the end of 2020, the net asset value, NAV of Nigerian mutual fund had risen to N1.572 trillion, representing an increase of 50.79%. A deeper analysis of the industry reveals that in 2020, mutual fund contributions amounted to about N0.903 trillion while redemptions amounted to about N0.42 trillion. +234 9 4615700, usmairami@premiumpension.com info@axamansardpensions.com, No. We are a licensed Pension Fund Administrator with over 13 years of professional experience in Pension Funds Administration. +234 9 4615707-9, However, as contributions and trade continued on a growth trajectory, the pension managers, Pension Fund Administrators (PFAs) invested more funds than before in Federal Government Securities. Find list of best Pension Fund Administration in Nigeria with their name, address, contact phone number and other information on VConnect. Since the beginning of 2020, pension fund managers have moved out about N1.112 trillion of treasury bills investments into mostly FGN Bonds. With the increasing and seeming lack of interest by pension fund managers, who, usually are big players in the treasury bill market, the government may find it a bit problematic raising the much-needed domestic borrowing from them. 4. 2 Apt Pension Fund Managers Plot 266, Cadastral A O, Central Business District, Garki, Abuja Lagos, Plot 820/821 +234 1 7610812, The National Pension Commission (PenCom) in compliance with the Public Procurement Act, 2007, is hereby inviting reputable experienced and interested consultants to submit Expression of Interest (EOI) for the provision of the under listed services: (Download for details) APT Pension Fund Managers Limited. Chapter One. Pension Fund Administrators in Nigeria and its Evolution. Premium Pension Limited is a reputable pension fund administration service arena in Nigeria for pension managerial services. Surulere, Lagos, Murjanatu House (First Floor) PENSION FUND ADMINISTRATORS A Pension Fund Administrators in Nigeria are licensed to manage Pension Fund Assets on behalf of pension fund contributors. The main duty of the Pension Fund Administrators in Nigeria is to open specialized savings accounts for all the people who are officially employed. Data from the National Pension Commission (PenCom) shows that Pension Fund Administrators, PFAs, invested N8.14 trillion in federal government bonds in November, N293 billion more than the amount … This is quite impressive, given that the pandemic had impacted most aspects of the Nigerian economy negatively, causing a 1.95% (year-to-date) decline of the NSE’s All Share index, while the country’s Gross Domestic Product (GDP) contracted by 6.1% in the second quarter of 2020. We were incorporated on April 14, 2005 to manage and administer retirement savings contributions of employees in Nigeria as a result of the Pension Reform Act of 2004. For today, they have the highest fund price in the industry. The main functions of the PFAs are to open Retirement Savings Accounts (RSA) for employees, invest and manage pension fund assets, payment of retirement benefits, and accounting for all transactions relating to … Ikoyi, Lagos, +234 1 2715005, READ: Nigeria’s Micro Pension industry: A gold mine waiting to be tapped. Click to Check. APT Pension Funds management. Abuja, +234 9 6725777, Despite the disruptions caused by the COVID-19 pandemic, which affected most aspects of the Nigerian economy, Pension Fund Administrators (PFAs) in Nigeria performed satisfactorily, as they recorded positive returns between January and August 2020. The company was selected as the best pension fund administrator in Nigeria in 2014. The Nigeria’s pensioners indeed expect so much from the pension administrators, and from such expectations, which means that, every gain or return made from investment should be made available to those, who contributed the money, I mean, the employees, since the money belonged to them, with the exception of the other minimal fees and minimal charges expected for the pension administrators. Search more about Pension Fund Administration at VConnect. Your email address will not be published. Find list of best Pension Fund Administration in Nigeria with their name, address, contact phone number and other information on VConnect. +234 1 4627087 (Fax), List of Organisations Issued Compliance Certificates, Pension Transitional Arrangement Directorate, Guidelines for Appointment of Top Management, Nigerian University Pension Management Company (NUPEMCO), 174 Ademola Adetokunbo, Wuse 2, Abuja, Nigeria. +234 1 7737432, List Of 21 Licensed Pension Fund Administrators In Nigeria 1.AIICO Pension Managers Limited. Upshots: The increased investment in FGN securities by PFAs within the aforementioned period might be attributable to an earlier order by CBN which prohibited PFAs from OMO Auctions. The Contributory Pension Scheme requires pension funds to be privately managed exclusively by licensed Pension Fund Administrators (PFA). (Read Also: Lagos approves 33% increase for all state pensioners). NLPC Pension Fund Administrators Limited (NLPC PFA) is a licensed PFA in Nigeria and we manage Retirement Savings Accounts (RSAs), invest pension funds and pay retirement benefits to our customers. Phone E-mail Website. +234 1 2625003 Nigerian pension fund managers increased in investments in government fixed-income securities in November 2020 as the country continued to face uncertainties amidst the coronavirus pandemic. Its sole business is the administration and management of retirement savings (pension funds). This translates to… The Pension Fund Administrators (PFAs) have invested N8.1 trillion from the nation’s N12.29 trillion pension assets, in federal government securities, as at … Maitama – Abuja, Location: 312A, Plot 636, Nanka Close, Zone 3, Wuse, Abuja. Area 11 Currently, there are twenty-two (22) PFAs in Nigeria with a total asset value in excess of N11 trillion as of date. Analysis of the recently released September 2020 edition of Pension Fund assets, by the Pension Commission of Nigeria, PenCom, shows that pension fund managers reallocated their assets away from treasury bills to FGN Bonds. How the current pension contribution scheme works. (1) Retirement Savings Account (RSA) Fund IV Return on Investment (ROI) for December 2020 for all Pension Fund Administrators (PFAs) in Nigeria (Month on Month). Plot 3820, R.B. We are a licensed Pension Fund Administrator with over 10 years of professional experience in Pension Funds Administration. The nation’s pension assets rose significantly by 1.76 trillion in the last one year, growing from N9.81 trillion in October 2019 to N11.57 trillion at the end of September 2020. NLPC Pension Fund Administrators Limited (NLPC PFA) is the home of tested, trusted and effective pension fund administration in Nigeria. The new pension scheme requires pension funds to be privately managed by licensed Pension Fund Administrators. Garki, Abuja, +234 8077090000, READ ALSO: Pension fund administrators pile up cash in anticipation of withdrawals. Abuja, hamisu.idris@investment-onepension.com Central Business District We are one of the licensed Pension Fund Administrators (PFAs) in Nigeria. Support PensionNigeria financially here, empower us to do more. Other Administrators that made the list includes, Nigeria University Pension Management Co. Limited (7.23%), Pension Alliance Limited (7.40%), FCMB Pensions Limited (7.60%), Sigma Pensions (8.86%), NPF Pensions Limited (8.95%). +234 1 2613413, No. Phone numbers are 0706 497 4880, 0805 999 4038, & 01 904 9470. 4 Agwu Street, off Faskari Crescent, Area 3, Garki, Abuja. We are a licensed Pension Fund Administrator with over 10 years of professional experience in Pension Funds Administration. APT Pension Fund Managers Limited. Stanbic IBTC Pension Managers Limited They are one of the most popular pension companies frequently used by Nigerians They are a Lagos based pension fund administrator in Nigeria for retirement and benefit payment services. (Economist, 2008). Unlike in 2019, when mutual funds made an estimated gain of N9.9 billion, the N46.7 billion made in 2020, makes Corona Virus a non-issue for the industry. The new pension scheme requires pension funds to be privately managed by licensed Pension Fund Administrators. Oak Pensions The main duty of the Pension Fund Administrators in Nigeria is to open specialized savings accounts for all the people who are officially employed. +234 1 274175-9, +234 1 2624174 (Fax), MANAGING DIRECTOR:AL-MUJTABA ABUBAKAR GUMMI, Plot 266 Cadastral AO He graduated top of the class with B.sc Statistics from the University of Nigeria and an MBA degree with specialization in Finance from Ambrose Alli University Ekpoma, with fellowships from the Association of Enterprise Risk management Professionals(FERP) and Institute of Credit and Collections management of Nigeria (FICCM). Trustfund Pensions Limited is a company incorporated in Nigeria. It is on record that in 2014, the company was selected as the best performing pension fund administrator in Nigeria and have positive rating on returns on investment (ROI). Ikorodu Road, Anthony Investment in Treasury Bills declined to N642.03 billion, down by -1.7% Month-on-Month. +234 9 5239434 (Fax), Adebola House, 3rd Floor Fund I industry with 20 PFAs, recorded an average of 8.14% returns between January and August 2020. Despite the disruptions caused by the COVID-19 pandemic, which affected most aspects of the Nigerian economy, Pension Fund Administrators (PFAs) in Nigeria performed satisfactorily, as they recorded positive returns between January and August 2020. 9. glory.etaduovie@ieianchorpensions.com, Plot 871, Tafawa Balewa Way Nigerian pension fund managers increased in investments in government fixed-income securities in November 2020 as the country continued to face uncertainties amidst the … FMBN House, Plot 266 CAD zone AO, Central Business District, Lagos. Lagos, No. Opposite NICON Luxury Hotel Search more about Pension Fund Administration at VConnect. Majority of the funds ended 2020 in the black, as 15, out of the 118 mutual funds on the SEC’s NAV Summary Report. Nigerian Agip Cpfa Limited is a Closed Pension Fund Administrator in Nigeria. In like vein, the Central Bank’s ability to implement monetary policies through treasury bills and others, open market operation, may also suffer. (9346 Views) Is It Possible To Change PENSION FUND ADMINISTRATOR ? Although most of the funds that recorded huge gains came from the Euro Dollar category, Bond and Fixed income funds were not left behind as a whole lot of them stood out with mouth-watering gains. The main functions of the PFA are to open Retirement Savings Account (RSA) for employees; invest and manage pension fund assets; payment of retirement benefits and accounting for all transactions relating to the pension funds under their management. This is a pension fund administration company that offers retirement support services. Central Business District (CBD) BY ZAKA KHALIQ | The Pension Fund Administrators (PFAs) have invested N8.1 trillion from the nation’s N12.29 trillion pension assets, in federal government securities, as at the end of November, 2020, LEADERSHIP can now reveal. enquiries@investment-onepension.com, 121/123 Funsho Williams Avenue Fund II industry has 22 PFAs, and recorded an average return of 9.33%. Under this Act, all employees in the public service of the Federation, and the private sector are involved except the Military, the judges and top political office holders. IEI-Anchor Pension Managers Limited. The National Pension Commission (PenCom) disclosed this in its unaudited report on pension fund portfolio, which was obtained by Biz Watch Nigeria on Thursday. ARM Pension Managers (PFA) Ltd is one of the first seven Pension Fund Administrators (PFA) granted license by the National Pension Commission in December 2005. (Read Also: How foreign exchange risks and others affect the Nigerian pension industry). Radix Pension Fund Managers Limited, Stanbic IBTC Pension Managers Limited, Sigma Pensions Limited, OAK Pensions Limited, AXA Mansard Pension Managers Limited, NPF Pensions Limited, Crusader Sterling Pensions Limited, and Nigerian University Pension Management Limited dominated the list in one fund. We were incorporated on April 14, 2005 to manage and administer retirement savings … The Pension Fund Administrators (PFAs) have increased their investments in Federal Government of Nigeria securities by 3.7% to N8.14 trillion in November 2020. Shell Nigeria Closed Pension Fund Administrator Limited is a Closed Pension Fund Administrator in Nigeria. +234 9 5237816, Victoria Island, Lagos, +234 1 4626963, Prior to the issuance of an operating license, the PFA must be a limited liability company whose sole object is the management of pension fund assets. Number 1, Zambezi Crescent, Off Aguiyi Ironsi Street Fund III recorded an industry average returns of 10.37%, with 22 PFAs. Cadastal AO Under this Act, all employees in the public service of the Federation, and the private sector are involved except the Military, the judges and top political office holders. 15. 2020 appears to be the year with the highest growth in the value of mutual fund assets in Nigeria. +234 9 6725946, Victoria Island, The PFAs invested N7.50 trillion in FGN Securities in January and N8.14 trillion in November, representing 66.22 per cent of the total N12.29 trillion fund assets. Appraisal Of Financial Reporting Practices Of Pension Fund Administrators In Nigeria Are you a final year student? Since then, assets under management has risen to c.NGN467billion for more than 750,000 registered contributors as at the end of September 2020. We are one of the licensed Pension Fund Administrators (PFAs) in Nigeria. According to data from the Security and Exchange Commission, SEC, the total value of mutual funds in Nigeria stood at N1.042 trillion as at the end of 2019. READ: Nigeria’s Asset to GDP Ratio Is low despite rise in Mutual Fund value. * Poor standard of living, occassined by poverty among pensioners in Nigeria. +234 1 2692097, Nairaland Forum / Nairaland / General / Investment / Who Is The Best Pension Fund Administrator (PFA) In Nigeria? After the submission of the Pension Reform Act in Nigeria in 2004, there has been established a completely new scheme of calculation and management of pension benefits. Be that as it may, it is laudable that the Nigerian mutual fund industry stood out in 2020. googletag.pubads().definePassback('/42150330/nairametrics/Nairametrics_incontent_new', [300, 250]).set("page_url", "%%PATTERN:url%%").setClickUrl("%%CLICK_URL_UNESC%%").display(); Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox. 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