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In what could be best described as magic, in an environment where the markets all over the world are grappling with the effects of a pandemic, Nigerian pension fund managers are churning out positive performances in double digits.
The high-interest regime that characterized the Nigerian market in the early to the tail end of 2019 paid off for many pension funds in Nigeria who recorded impressive performances in 2019. It, however, beats my imagination that under current low-interest regime of 2020 and other headwinds in the market, that pension fund managers would even do better, in terms of performance in 2020.
Going by an analysis conducted by Quantitative Financial Analytics based on pricing information gleaned from various fund managers’ websites, the Retirement Savings Account (RSA) category made an average of 18.61%, with returns ranging from 52% to 8.99%.
Information about the performance of Crusader Pension RSA was not available and efforts to get such information yielded no result. Crusader Pensions RSA is therefore excluded in this report.
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Below are the 5 best performing RSA funds as at the end of October 2020, on a year to date (YTD) basis.
Best Performing Fund:
Name of Fund: NLPC Pensions RSA Pension Fund 2
YTD Performance %: 52%
YTD Gain per unit: N2.05
2nd Best Performing Fund:
Name of Fund: AXA Pensions RSA fund 2
YTD Performance %: 29.2%
YTD Gain per unit: N0.88
3rd Best Performing Fund:
Name of Fund: Anchor Pensions RSA Fund 2
YTD Performance %: 26.87%
YTD Gain per unit: N0.73
4th Best Performing Fund:
Name of Fund: Fidelity Pensions RSA Fund 2
YTD Performance %: 23.34%
YTD Gain per unit: N0.75
5th Best Performing Fund:
Name of Fund: OAK Pensions RSA Fund 2
YTD Performance %: 22.44%
YTD Gain per unit: N0.68
Retiree Fund Performance
Retiree Pension funds, otherwise known as fund 4, performed slightly less than the RSA funds. On average, Retiree funds generated an average return of 15.15% on a YTD basis as at October 2020. The returns which ranged from 39.26% to 7.65% have the NPLC Retiree fund taking the lead. Again, Crusader Retiree Pensions funds is excluded from the analysis for lack of data.
Here are the best 5 Retiree funds.
Best Performing Fund:
Name of Fund: NLPC Pension Retiree Fund 4
YTD Performance %: 39.26%
YTD Gain per unit: N1.34
2nd Best Performing Fund:
Name of Fund: Investment One Pensions Retiree fund 4
YTD Performance %: 36.18%
YTD Gain per unit: N0.91
3rd Best Performing Fund:
Name of Fund: Fidelity Pensions Retiree Fund 4
YTD Performance %: 24.64%
YTD Gain per unit: N0.81
4th Best Performing Fund:
Name of Fund: AXA Pensions Retiree Fund 4
YTD Performance %: 21.56%
YTD Gain per unit: N0.65
5th Best Performing Fund:
Name of Fund: NPF Pensions Retiree Fund 4
YTD Performance %: 19.19%
YTD Gain per unit: N0.28
PENCOM Transfer Window
The type of performance noted above is good news for retirement planning. The goal of anyone planning and saving for retirement is to make such gains that would enable them retire gracefully and with so much financial accumulation that could help them do just that.
The importance of knowing how pension funds have and continue to perform cannot be timelier than now, given that the National Pension Commission of Nigeria has opened the transfer window for RSA account holders to decide on where to transfer their pension funds.
While it is widely known that past performance is not an indication of future performance, pension fund performance alone should not be the only reason or decision variable in transferring from one pension fund administrator (PFA) to another.
RSA account holders are enjoined to make their decisions as holistic as possible by considering all the factors before they move their funds. For those who want a complete list of the YTD performance of pension funds, you can make such request through the comment section of this publication.
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Hello Nairametrics.
Please I need a complete list of the YTD performance of the pension funds.
Thanks.
Please can i get the complete list of the YTD performance of pensions funds?
Also, would it be considered shady that Crusader Pensions have not made theirs available?
Please I need a complete list of performing pension fund managers
I think it might be better to publish the performance fund by fund and label best performing fund for each fund structure.
. This publication that takes performance across fund might be misleading as some of the fund struture can’t are just for certain categories and the fact they are doing well as per ROI doesn’t mean they are open to anyone like fund 4 for example which is exclusive for retired persons.
May I get the complete list of YTD performance of pension funds?
Kindly send me the YTD performance of PFA’s.
Thanks
Kindly oblige me the complete YTD list of performance of PFAs.
Hello Nairametrics.
Please I need a complete list of the YTD performance of the pension funds.
Also, I will like to know the reason for the consistent negative ROI being reported by NLPC Pension Retirement Savings Account in the last 2 months which is reducing the value of my RSA with NLPC Pension Retirement Savings Account.
This is giving me a transfer idea. Please kindly assist with advise on what to do.
Thanks.
Hello,
Can I get the history performance for 2017 – 2020 for these pension funds.
Regards
Hillary
Hello Naira Metrics,
Thanks for the insight.
Kindly share fully performance for 2017-2020 if available for the pension funds reviewed in the article.
Regards
Hillary
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