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. While Fund IV with 22 PFAs, recorded 9.01% return on investment. +234 9 4626968/69, +234 1 2627490-1, Shell Nig. 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%). 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. In 2014, the company was voted and selected as the best performing pension fund administrator in Nigeria having positive rating on returns on investment (ROI). +234 8165722731, cservice@ieianchorpensions.com Behind Ministry Of Finance 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. READ: Nigeria’s Asset to GDP Ratio Is low despite rise in Mutual Fund value. RELATED POSTS Vitafoam Net Profit Up By 72% Despite COVID-19 Stock Market Opens Week With N39bn Loss This investment represents […] Introduction 1.1 Background To The Study. Total RSA registration for the aforementioned period also increased by 0.17% to 9,188,475. Area 3 Opebi- Ikeja Shell Nigeria Closed Pension Fund Administrator Limited 1st Floor, C Wing, Bank of Industry Building 23 Marina, Lagos. (Read Also: How foreign exchange risks and others affect the Nigerian pension industry). +234 1 2793583 (Fax), NPF Pensions House PENSION FUND ADMINISTRATORS A Pension Fund Administrators in Nigeria are licensed to manage Pension Fund Assets on behalf of pension fund contributors. Victoria Island 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. 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. May be, fiscal policy may become a more potent instrument of economic management, if that happens. 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. Sometimes, other challenge has to do with pension funds misappropriation. Garki – Abuja, +234 07029128221, We are a licensed Pension Fund Administrator with over 13 years of professional experience in Pension Funds Administration. The five (5) Pension Fund Administrators (PFAs) with the highest Return on Investment (ROI) for Fund … Off Faskari Crescent Find list of best Pension Fund Administration in Nigeria with their name, address, contact phone number and other information on VConnect. Fug Pensions Limited is a Nigerian pension fund administration service outlet for pre-retirement training and counseling services. Investment in Agency bonds also declined to N6.03 billion, down by 50.9% Month-on-Month. Premium Pension Limited is a reputable pension fund administration service arena in Nigeria for pension managerial services. 38/40, Opebi Road 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%). As the low-interest regime that characterized most of 2020 continues with no immediate sign of an increase, pension fund managers have also continued to rid their portfolios of treasury bill investments. 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. Central Business District 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. Get project topics and ideas with materials. Fidelity Pension Managers Limited, a subsidiary of Fidelity Bank Plc. Abuja, +234 1 4616680, Number 1, Zambezi Crescent, Off Aguiyi Ironsi Street We were incorporated on April 14, 2005 to manage and administer retirement savings … Plot 2, Oba Akran Avenue. The main duty of the Pension Fund Administrators in Nigeria is to open specialized savings accounts for all the people who are officially employed. This amount … +234 1 2610366, 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. 2016, 196-209 Strategies to … NLPC Pension Fund Administrators Limited (NLPC PFA) is the home of tested, trusted and effective pension fund administration in Nigeria. Click to Check. 29 Durban Street +234 1 2667177, +234 1 2715061, No 21B, Olosa Street +234 9 4614400-29, … Sigma Pension +234 1 274175-9, Fund I industry with 20 PFAs, recorded an average of 8.14% returns between January and August 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). Out of nowhere, Stanbic IBTC Nigeria Equity fund sneaked in with some sizable gains too. This translates to… Pensions Alliance Limited is a joint venture between First Securities Discount House Limited (FSDH) (now known as FSDH Merchant Bank) and African Alliance Insurance Company Limited. +234 9 6720547, 9. 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. Phone E-mail Website. Central Business District, Abuja, 2 Adeyemo Alakija Street Since the beginning of 2020, pension fund managers have moved out about N1.112 trillion of treasury bills investments into mostly FGN Bonds. Chapter One. This site uses Akismet to reduce spam. Investment in green bonds declined to N11.8 billion, down by 10.6% Month-on-Month. Conclusion On The Problems Of Pension Fund Administration In Nigeria As you have seen from the article in the paragraphs above the Nigerian pension management situation is full of challenges ranging from a lack of interest on the part of workers to a lack of government involvement in the areas of monitoring, enforcement, and sensitization of the workers involved. Address is at FUG Pensions House , 26, Commercial Avenue Sabo, Yaba, Lagos. After my first article on the best pension fund managers in Nigeria, a few people have commented differently on the article. This is the Retiree Fund. +234 1 7610812, The Crusaders Sterling capital includes voluntary and retirement contribution. 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 You can also use this app to calculate how much your expected pension will be. READ: Where to buy Real Estate in Lagos in 2021. 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. info@premiumpension.com, 26 Adeola Hopewell Street 2020 appears to be the year with the highest growth in the value of mutual fund assets in Nigeria. 207, Zakariya Maimalari Street Victoria Island, The main duty of the Pension Fund Administrators in Nigeria is to open specialized savings accounts for all the people who are officially employed. 4. It is worth noting that no single PFA was dominant in all the four funds. +234 1 7737432, Abuja, Nigeria: Pen and Pages Ltd. QUARTERLY JOURNAL OF CONTEMPORARY RESEARCH, FEDERAL UNIVERSITY OTUOKE, Vol 1&2, Mar. (9346 Views) Is It Possible To Change PENSION FUND ADMINISTRATOR ? Let’s find out who they are, what they do, and how to find a reliable one. +234 9 4615707-9, Area 11 Ikoyi, Lagos, +234 1 2715005, 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. Trustfund Pensions Limited is a company incorporated 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. In like vein, the Central Bank’s ability to implement monetary policies through treasury bills and others, open market operation, may also suffer. READ: Nigeria’s Eurobond yield hit 12.8% as investors flee emerging markets. (Economist, 2008). 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