The top 5 ranked PFAs by RSA registrations at the end of 2021, according to PENCOM data were: Stanbic IBTC Pension Managers Limited (20.2%), ARM Pension Managers (PFA) Limited (8.9%), Trustfund Pensions Limited (8.2%), Premium Pension Limited (7.9%) and Sigma Pensions Limited (7.9%).
The total value of Pension Fund assets as at 31, December 2021 was N13.42 trillion. The amount comprised of N9.47 trillion in RSA’ Active’ Funds (iRSA Funds I, II III and V); N1.07 trillion in RSA Retiree Fund IV; N1.52 trillion in CPFAs; N1.35 trillion in Approved Existing Schemes (AES) Funds and N16.13 billion for RSA Fund VI (Non-Interest Fund), Active and Retiree.
Pension Fund Assets were mainly invested in Federal Government of Nigeria (FGN) Securities. The asset accounted for 65.35% of total pension assets. The composition of investments in FGN Securities were as follows: FGN Bonds: 94.90%; Treasury Bills: 2.91%; while Agency, Sukuk and Green Bonds accounted for about 2.19%.