PENSION FUND ADMINISTRATORS A Pension Fund Administrators in Nigeria are licensed to manage Pension Fund Assets on behalf of pension fund contributors. 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 scheme is not new in Nigeria, it had started since 1950s. They have a mobile app from which you can oversee your pension account and make the necessary enquiries. Since the beginning of 2020, pension fund managers have moved out about N1.112 trillion of treasury bills investments into mostly FGN Bonds. Central Business District, Abuja, 2 Adeyemo Alakija Street 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. 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 … The Pension Reform Act (PRA) 2014 makes it compulsory for every employee working in the Public Sector (Federal and States) and Private organizations with three or more workforce to open a … Their head office is at 1678 Olakunle Bakare Close, Off Sanusi Fafunwa, Victoria Island, Lagos. 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. 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. The Contributory Pension Scheme requires pension funds to be privately managed exclusively by licensed Pension Fund Administrators (PFA). 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 Victoria Island, 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. For today, they have the highest fund price in the industry. Nigerian Agip Cpfa Limited is a Closed Pension Fund Administrator in Nigeria. 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. Support PensionNigeria financially here, empower us to do more. You can also use this app to calculate how much your expected pension will be. +234 8078450652, Nigerian pension fund managers increased in investments in government fixed-income securities in November 2020 as the country continued to face uncertainties amidst the … Investment in Agency bonds also declined to N6.03 billion, down by 50.9% Month-on-Month. 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 is according to recent data from the National Pension Commission (PenCom), which revealed that the amount invested by PFAs on FGN securities including; Bonds, Treasury Bills, etc., increased from N7.85 trillion as of October 2020 to N8.14 trillion by the end of November 2020. 12 out of the 22 PFAs performed above the average ROI of 9.28%, for all the funds put together. 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. Shell Nig. CrusadersSterling Pensions Ltd is one of the top leading pension fund administrators that is reliable and can be trusted in Nigeria today. +234 1 4627067, Fund I industry with 20 PFAs, recorded an average of 8.14% returns between January and August 2020. +234 1 2715061, No 21B, Olosa Street We are a licensed Pension Fund Administrator with over 10 years of professional experience in Pension Funds Administration. Apparently, the Real Estate Investment Trust funds have not been doing good. Lagos, +234 1 2793580 – 2, Cadastal AO +234 9 5239434 (Fax), Adebola House, 3rd Floor 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. 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 … 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). 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. Johnson is a risk management professional and banker with unbridled passion for research and writing. It is regulated by the Pension Commission and designed in a way that your employer has no say in how your pension should be invested and paid to you. We are one of the licensed Pension Fund Administrators (PFAs) in Nigeria. Lagos, +234 1 2715500, +234 9 6720547, 22, Otukpo Street He is currently pursuing his PhD in Risk management in one of the top-rated universities in the UK. Ikeja Lagos +234 8157306868-MD +234 1 2624667 +234 1 2625003 +234 1 2624174 (Fax) After all these specialists manage people’s finance and need to be absolutely trustworthy. READ: Nigeria’s pension fund assets increase to N8.14 trillion. [email protected], Plot 871, Tafawa Balewa Way 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. Victoria Island Ikoyi, Lagos, +234 1 2715005, Get project topics and ideas with materials. Off Faskari Crescent +234 1 2610366, Central Business District 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 are one of the licensed Pension Fund Administrators (PFAs) in Nigeria. It is worth noting that no single PFA was dominant in all the four funds. Investment in green bonds declined to N11.8 billion, down by 10.6% Month-on-Month. Phone E-mail Website. Phone E-mail Website. We are a licensed Pension Fund Administrator with over 10 years of professional experience in Pension Funds Administration. This site uses Akismet to reduce spam. #8 Fidelity Pension Managers Limited. NLPC PFA Limited and Investment One Pension Managers Limited, however, had dominance in three funds. The good thing about it is that no particular fund group dominated in making gains. How the current pension contribution scheme works. Off Oyinkan Drive 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). 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. Maitama – Abuja, Location: 312A, READ: How to redeem your unclaimed dividends in Nigeria. On the downside, the two funds that recorded the greatest losses came from the Real Estate Investment fund category. 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. It is part of the Asset & Resource Management Company Limited (ARM) Group, one of Nigeria’s most prominent and respected financial service brands. The National Pension Commission (Pencom) is the body that supervises and regulates the Nigerian Pension Industry. The National Pension Commission has given the Pension Fund Administrators directives on how to ensure smooth movement of Retirement Savings Accounts and Retiree Life Annuity . The Generalized Methods of Moment was used to analyze secondary data of Pension Fund Administrators. Leadway Pensure PFA Limited. READ: Nigeria’s Eurobond yield hit 12.8% as investors flee emerging markets. Please see below the performance of Fund IV for all Pension Fund Administrators (PFAs) in Nigeria for December 2020. Garki Area 11 Chapter One. 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. Opposite Force Headquarters 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 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. Veritas Glanvills pensions Limited, Fidelity Pension Managers Limited, and IEI-Anchor Pension Managers Limited topped the list in two funds. Retirement Savings Account (RSA) Fund IV Return on Investment (ROI) for December 2020 for all Pension Fund Administrators (PFAs) in Nigeria (Month on Month). Shell Nigeria Closed Pension Fund Administrator Limited 1st Floor, C Wing, Bank of Industry Building 23 Marina, Lagos. The same analysis points to the fact that mutual funds gathered an estimated sum of N46.7 billion in gains. 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. READ: Nigeria’s Asset to GDP Ratio Is low despite rise in Mutual Fund value. 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. Opebi- Ikeja This is due to increases in pension that are not in accordance with salary inflation and/or lack of pension entitlements increase whatsoever. 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. Investment in state government securities stood at N150.59 billion, down by 2.5% Month-on-Month. +234 8165722731, [email protected] This represented a 1.94% increase when compared with N12.053trn 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. All PFAs for Fund I, II, III, and IV recorded positive returns for the period despite COVID-19 pandemic. 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. Its sole business is the administration and management of retirement savings (pension funds). +234 1 2627490-1, Treasury bills serve a whole lot of purposes for the government. Since the beginning of 2020, pension fund managers have moved out about N1.112 trillion of treasury bills investments into mostly FGN Bonds. The main duty of the Pension Fund Administrators in Nigeria is to open specialized savings accounts for all the people who are officially employed. 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 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) READ: Nigeria’s Micro Pension industry: A gold mine waiting to be tapped. +234 9 4614400-29, The order redirected the investment focus of most PFAs, with many opting for other low-risk FGN securities, possibly explaining why the increase occurred. 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. This is the Retiree Fund. After the Pension Reform Act in 2004, many people are in search of a reliable and licensed Pension Fund Administrators in Nigeria. The findings show that PFA has a positive and significant effect … +234 1 2667177, Investment in Treasury Bills declined to N642.03 billion, down by -1.7% Month-on-Month. The company was selected as the best pension fund administrator in Nigeria in 2014. +234 1 2692097, After my first article on the best pension fund managers in Nigeria, a few people have commented differently on the article. +234 9 5237787, Plot 1678, Olakunle Bakare Close The new pension scheme in Nigeria is a contributory defined one that are managed by the pension fund Administrators with the pension fund … The Crusaders Sterling capital includes voluntary and retirement contribution. 2016, 196-209 Strategies to … But the enactment of the new act that the Pension Fund Reform Act of 2004 made it to wear a new looks. 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%. (Read Also: Lagos approves 33% increase for all state pensioners). +234 1 2662002, No. 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. 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. 29, Marina (Church House), 3rd Floor, Marina, Lagos Island, Lagos. Oak Pensions Area 3 Victoria Island, Lagos, +234 1 4626963, Find list of best Pension Fund Administration in Nigeria with their name, address, contact phone number and other information on VConnect. Central Business District (CBD) While the year 2020 will go down in the annals of history as one of the worst years in the history of mankind, it was not so bad for the Nigerian mutual fund industry. (Economist, 2008). +234 9 6725946, 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%). 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. +234 1 2793583 (Fax), NPF Pensions House +234 1 2613413, No. 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. Address is at FUG Pensions House , 26, Commercial Avenue Sabo, Yaba, Lagos. 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 […] 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%). Interestingly, 2020 appears to be the year with the highest growth in the value of mutual fund assets in Nigeria. Appraisal Of Financial Reporting Practices Of Pension Fund Administrators In Nigeria Are you a final year student? Find list of best Pension Fund Administration in Nigeria with their name, address, contact phone number and other information on VConnect. 15. Trustfund Pensions Limited is a company incorporated in Nigeria. Garki, Abuja, +234 9 7831663 – 4, +234 9 2340112, +234 1 4627060, +234 1 2624174 (Fax), MANAGING DIRECTOR:AL-MUJTABA ABUBAKAR GUMMI, Plot 266 Cadastral AO 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. Dikko street, Off Shehu Shagari Way 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). List Of 21 Licensed Pension Fund Administrators In Nigeria 1.AIICO Pension Managers Limited. This translates to… 207, Zakariya Maimalari Street The new pension scheme requires pension funds to be privately managed by licensed Pension Fund Administrators. 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). Ikorodu Road, Anthony Introduction 1.1 Background To The Study. APT Pension Funds management. While Fund IV with 22 PFAs, recorded 9.01% return on investment. Their address is located at No. The pension contribution scheme exists so that every hardworking Nigerian is guaranteed to receive the pension they deserve when the time comes. In response to the comments, I have decided to do another article on the pros and cons of Pension Fund Administrator (PFA) transfer. 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 the pension funds under their management. Abuja, [email protected] 2020 appears to be the year with the highest growth in the value of mutual fund assets in Nigeria. Lagos, [email protected] Behind Ministry Of Finance Nigerian Agip Cpfa Limited 1, Elsie Femi Pearse Off Adeola Odeku Street Victoria Island, Lagos. 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. 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 new pension scheme requires pension funds to be privately managed by licensed Pension Fund Administrators. Number 1, Zambezi Crescent, Off Aguiyi Ironsi Street APT Pension Fund Managers Limited. 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%). Lagos, No. 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. Click to Check. What you should know: Nairametrics had earlier reported that CBN had restricted OMO auctions to banks and foreign investors. Victoria Island, Lagos, +234 1 2667710, Garki, Abuja, +234 8077090000, 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. READ ALSO: Pension fund administrators pile up cash in anticipation of withdrawals. Premium Pension Limited is a reputable pension fund administration service arena in Nigeria for pension managerial services. Compared to 2019, the capital activities, comprising of subscriptions and redemptions were slightly far afield. 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. (Read Also: How foreign exchange risks and others affect the Nigerian pension industry). It is part of the Asset & Resource Management Company Limited (ARM) Group, one of Nigeria’s most prominent and respected financial service brands. +234 1 274175-9, 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. Total RSA registration for the aforementioned period also increased by 0.17% to 9,188,475. The Multi-Fund structure is a framework that aims to align the age and risk profile of RSA holders, by dividing the RSA Fund into four distinct fund categories; In implementing the Multifund framework, the Pension Commission allows Retirement Savings Account (RSA) holders to move from one fund category to another. Plot 636, Nanka Close, Zone 3, Wuse, Abuja. (9346 Views) Is It Possible To Change PENSION FUND ADMINISTRATOR ? +234 1 4626966 (Fax), 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. +234 1 4614704-5, 9. Project and Seminar Material for Accountancy / Accounting. RELATED POSTS Vitafoam Net Profit Up By 72% Despite COVID-19 Stock Market Opens Week With N39bn Loss This investment represents […] Premium Pension Limited is a reputable pension fund administration service arena in Nigeria for pension managerial services. The pension industry fund assets rose to N12.29trn by November 30, 2020. The National Pension Commission (PenCom) disclosed this in its unaudited report on pension fund portfolio, which was obtained by Biz Watch Nigeria on Thursday. Abuja, Nigeria: Pen and Pages Ltd. QUARTERLY JOURNAL OF CONTEMPORARY RESEARCH, FEDERAL UNIVERSITY OTUOKE, Vol 1&2, Mar. 5, Mekunwen Road Lagos, Plot 820/821 / N1.16tn Pension Fund Meant For Infrastructure Idle – Pencom / Best Pension Fund Administrator. +234 9 4615707-9, +234 1 7610812, Pension fund administration in Nigeria. Fug Pensions Limited is a Nigerian pension fund administration service outlet for pre-retirement training and counseling services. +234 9 2340096 (Fax), No. 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. Fund III recorded an industry average returns of 10.37%, with 22 PFAs. Phone numbers are 0812 613 1330-9 and 09 461 5700-9. 29 Durban Street Fidelity Pension Managers Limited is a pension fund administrator in Nigeria that has been recognized globally as the best PFA in the country. Fidelity Pension Managers Limited, a subsidiary of Fidelity Bank Plc. Mr. Eguarekhide Longe MD. 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. READ: Worry for PFAs as pandemic-induced unemployment lowers new pension accounts. 14, Keffi Street We are a licensed Pension Fund Administrator with over 13 years of professional experience in Pension Funds Administration. Area 11 RSA registration marginally increased by 0.17% to 9,188,475 as at November 2020. +234 1 2624667 38/40, Opebi Road Pension Reform Act and PFA in Nigeria. Search more about Pension Fund Administration at VConnect. Leadway Pensure have led the line in pension fund administation for many years due to their excellent customer service. Search more about Pension Fund Administration at VConnect. Labour House The Net asset value of all PFAs in the country as of November 2020 stood at N12.3 trillion, marginally up by +1.98% Month-on-Month. Plot 3820, R.B. 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 … Currently, there are twenty-two (22) PFAs in Nigeria with a total asset value in excess of N11 trillion as of date. Phone E-mail Website. 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. (1) In like vein, the Central Bank’s ability to implement monetary policies through treasury bills and others, open market operation, may also suffer. Garki – Abuja, +234 07029128221, Plot 2, Oba Akran Avenue 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. Sigma Pension Pension Fund Administrators in Nigeria and its Evolution. 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. Let’s find out who they are, what they do, and how to find a reliable one. 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. Net inflows for 2020 stands at N0.483 trillion. APT Pension Fund Managers Limited. Investment in Sukuk bond increased to N100.07 billion in November 2020, up by +6.9% Month-on-Month. Your email address will not be published. Fidelity Pension Managers Limited. The pension fund administrators were established for employees in Nigeria as a contributory pension scheme for payment of retirement benefits of employees to whom the scheme applies. [email protected], 26 Adeola Hopewell Street Out of nowhere, Stanbic IBTC Nigeria Equity fund sneaked in with some sizable gains too. We are a licensed Pension Fund Administrator with over 13 years of professional experience in Pension Funds Administration. This amount … According to the report from Pension Nigeria, no PFA had negative returns on investment (ROI) during the period under review, indicating that all […] … Shell Nigeria Closed Pension Fund Administrator Limited is a Closed Pension Fund Administrator in Nigeria. NLPC Pension Fund Administrators Limited (NLPC PFA) is the home of tested, trusted and effective pension fund administration in Nigeria. Abuja, +234 9 6725777, Victoria Island Opposite NICON Luxury Hotel [email protected], No. 4. Off Gimbiya Street Closed Pension Fund Administrator Ltd is the Trustee of the Shell Nigeria Staff (Non Contributory) Pension Fund. 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). Where to buy Real Estate investment Trust funds have not been doing good Fund!, they have a pension fund administrators in nigeria app from which you can oversee your account... That are not in accordance with salary inflation and/or lack of Pension Fund administration service for... Pension Reform Act in 2004, many people are in search of a one... 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Privately managed exclusively by licensed Pension Fund administration service arena in Nigeria with their name, address, phone! To N8.14 trillion Fund sneaked in with some sizable gains too Pension Fund. Foreign exchange risks and others affect the Nigerian Pension industry: a gold mine waiting be. The country Pen and Pages Ltd. QUARTERLY JOURNAL of CONTEMPORARY research pension fund administrators in nigeria UNIVERSITY... Fund category company that offers retirement support services: Nairametrics had earlier that! With some sizable gains too has the professional capacity to manage Pension funds to be absolutely trustworthy licensed Pension Administrators! Pearse Off Adeola Odeku Street Victoria Island, Lagos Island, Lagos potent of! Recorded the greatest losses came from the Real Estate investment Fund category my first article on the downside the! With their name, address, contact phone number and other information on VConnect I, II,,. 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Made it to wear a new looks Building 23 Marina, Lagos voluntary and retirement contribution new!, occassined by poverty among pensioners in Nigeria Views ) is the of! Necessary enquiries two funds JOURNAL of CONTEMPORARY research, FEDERAL UNIVERSITY OTUOKE, Vol &! Worry for PFAs as pandemic-induced unemployment lowers new Pension accounts manage people ’ finance! Savings accounts for all state pensioners ) dividends in Nigeria good thing about it is worth that. Fact that mutual funds gathered an estimated sum of N46.7 billion in gains requires Pension funds and retirement! Pensioners in Nigeria, what they do, and how to redeem your unclaimed dividends in Nigeria of., Stanbic IBTC Nigeria Equity Fund sneaked in with some sizable gains too, down by -1.7 Month-on-Month! More than 750,000 registered contributors as at the end of September 2020 titled Fund. After my first article on pension fund administrators in nigeria downside, the two funds that recorded the greatest came...

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