Stanbic IBTC, ARM and Premium Pensions had the top Pension Assets under Management (AuM) in the country as at December 2019, according to the latest report by regulator PENCOM.
The share of AuM by Stanbic which is the largest Pension Fund Administrator (PFA) in Nigeria was equivalent to N3 trillion. This was followed by ARM at N685 billion and Premium Pension at N625 billion.
There were 22 Pension Fund Administrators in Nigeria as at December 2019.
The rest of the list are NPF Pension N511 billion in AuM, Trust Fund Pension N487 billion, Sigma Pensions, N392 billion, Leadway Pensure N382 billion, Pension Alliance N378 billion, Crusader Sterling N247 billion, FCMB Pension N234 billion, NLPC Pension N231 billion, First Guarantee N212 billion, AIICO N116 billion, Oak Pensions N99 billion, Veritas Glanvills Pensions N73 billion, Fidelity Pensions N72 billion, APT N70 billion, IEI-Anchor N48 billion, AXA Mansard N26 billion, NUPEMCO N16 billion, Investment One N13 billion, and Radix Pension N3bn.