Check out Nigeria’s Best Pension Funds for the Month of March 2021

By theGazetteNGR

Editorinchief

Posted: April 17, 2021 at 8:51 AM, Updated: September 21, 2022 at 7:44 AM

the RSA Fund IV outperformed the other funds in March, followed by the RSA Fund III, while the RSA Fund I remained unchanged

The asset growth of Nigerian pension funds was tepid in March, recovering slightly from the negative growth of the previous month, with 81.25 percent of total funds reporting positive growth compared to 22 percent in February.

According to Nairalytics Research’s data on the fund output of Nigerian Pension Fund Administrators, this is the case.

A cursory examination of the data showed that the RSA Fund IV outperformed the other funds in March, followed by the RSA Fund III, while the RSA Fund I remained unchanged.

Nairametrics looked at the prices of the various RSA funds on February 28, 2021, and compared them to the prices on March 31, 2021.

Below is a list of the best-performing funds in March

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 people 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 9 of the funds recorded positive growth in the month under review, as against 1 recorded in the previous month.

First position: Crusader Sterling Pensions Limited

March return: 0.68%

Second position: ARM Pension Managers Limited

March return: 0.52%

Third position: FCMB Pensions Limited

March return: 0.44%

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Others on the list of gainers include; Premium Pension Limited, Trustfund Pensions Plc, Pensions Alliance Limited, Stanbic IBTC Pension Managers, NPF Pensions Limited, and Sigma Pensions Limited.

It is noteworthy that Investment One Pension Managers and Veritas Glanvills Pensions were not included in the analysis, as their information could not be obtained, as at the time of writing this article. Considering the aggregate performance of the fund, it stood flat at 0%.

This fund is balanced and suitable for middle-aged contributors as well as those with a medium risk appetite. It is designed to be less risky with reduced allocation to variable income instruments compared to Fund I. The age requirement for participation is 49 years and below.

First position: Crusader Sterling Pensions Limited

March return: 0.65%

Second position: FCMB Pensions Limited

March return: 0.63%

Third position: ARM Pension Managers Limited

March return: 0.6%

Others on the list, which recorded positive growth in the month of March include; Leadway Pensure PFA, Nigerian University Pension Management, Trustfund Pensions, Pensions Alliance, Sigma Pensions Limited, Stanbic IBTC, and Radix Pension Fund Managers.

Of the 20 funds considered in the analysis, 16 recorded positive growth in value, representing 80% of the total. Meanwhile, it is noteworthy that as with the case in the RSA fund I category, Investment One Pension Managers and Veritas Glanvills Pensions, were not included.

The aggregate performance of the RSA Fund II, stood at 0.29% in March 2021.

This is a conservative fund that is designed for contributors close to retirement and contributors with a low-risk appetite. It is suited for contributors between the ages of 50 and 60 years. However, younger contributors may opt to participate in this fund category.

First position: APT Pension Fund Managers Limited

March return: 1.17%

Second position: Crusader Sterling Pensions Limited

March return: 0.73%

Third position: Pensions Alliance Limited

March return: 0.66%

In this category of funds, all the pension funds posted positive growth in the month of March, with the exception of Investment One and Veritas Glanvills, which were not included in the analysis. The aggregate RSA Fund III, appreciated by 0.47% in March 2021.

The RSA Fund IV is exclusively for retirees. In the month of February, of all 22 Pension Fund Administrators, 10 of them recorded positive growth. However, they were all marginal growth of less than 1%.

First position: Pensions Alliance Limited

March return: 0.74%

Second position: First Guarantee Pension Limited

March return: 0.74%

Third position: Crusader Sterling pensions Limited

March return: 0.71%

Similarly, as witnessed in the RSA Fund III category all but AIICO Pension Managers recorded positive growth in March 2021, a recovery compared to the previous month. In terms of the aggregate performance, RSA Fund IV grew by 0.5% in the month under review.

The overall Pension Fund assets decreased in February 2021 from N12.3 trillion to N12.25 trillion, according to the National Pension Commission’s monthly survey. The bearish output of the various funds in February 2021 may be to blame for this.