Pension
A pension is a retirement plan provided by employers for employees in which the employees receive regular payments after retirement, literally for life.
There are two categories of pension companies: Pension fund administrators, PFAs and pension fund custodians, PFCs that play distinctive roles in pension fund management.
In this article we are focusing on Pension Funds Administrators.
Pension Fund Administrators, PFAs
A pension fund administrator (PFA) is a company licensed by the National Pension Commission to carry out business of managing and investing pension funds of employees.
We have compiled list of top 10 pension fund administrators out of 22 pension funds administrators in Nigeria. This ranking is based on their market performances as well as customers’ perception. There has been stiff competition in the industry which is evident in the manner in which RSA contributors are switching PFAs since transfer window opening. The switching saw some PFAs experiencing loss in customer base, while some others gained more customers.
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Best Performing Pension Fund Administrators in Nigeria
- Stanbic IBTC Pension Managers Ltd
- APT Pension Fund Managers Ltd
- Veritas Glanvils Pensions Ltd
- Tangerine Pensions Ltd
- SIGMA Pension
- ARM Pension Managers
- AIICO Pension Managers
- AXA Mansard Pension Managers
- Leadway Pensure
- Fidelity Pension
Stanbic IBTC Pension Managers Ltd
Stanbic IBTC Pension is the best performing PFA with about 11.93% returns and N1 billion paid up capital. Incorporated in 2004, Stanbic IBTC Pension Managers is a subsidiary of Stambic IBTC Bank. Over the years, it has proven prudence in management of customers funds. It has a large customer base with top organisations as clients especially for RSA.
They have nationwide coverage with 217 physical locations.
Head Office: Plot 1678, Olakunle Bakare Close, Victoria Island, Lagos
Website: www.stanbicibtcpension.com
APT Pension Fund Managers Ltd
APT is the second best performing PFA in Nigeria with annual return of 10.99% on its RSA for the years of 2021.
Head Office: Plot 266 Cadastral AO, Central District Garki, Abuja
Telephone: +2348077090000, +2349461440029
Fax: +23492340096
Website: www.aptpensions.com
Veritas Glanvils Pensions Ltd
Veritas Glanvils Pensions maintains the third position with about 9.95% annual return. Veritas enjoys patronage of top private organisations for its RSA, and has maintained good track record in management of customers' pension funds.
Head Office: 26 Commercial Avenue, Yaba, Lagos
Telephone: +23414627060, +23414627067
Fax: +23414627087
Website: www.vgpensions.com
Read also: How to Move Your Pension from Nigeria to Any Country Abroad
Full List of Pension Fund Companies in Nigeria
There are 22 pension fund administrators operating in Nigeria. Here we have provided their names and contacts
1. AIICO Pension Managers Ltd
Address: Plot 2, Oba Akran Avenue Ikeja Lagos
Telephone: +23412624667, +23412625003,
Fax: +23412624174
Website: www.aiicopension.com
Email: [email protected]
2. APT Pension Fund Managers Ltd
Address: Plot 266 Cadastral AO, Central District Garki, Abuja
Telephone: +2348077090000, +2349461440029
Fax: +23492340096
Website: www.aptpensions.com
3. ARM Pension Managers Ltd
Address: No. 5 Mekunwen Road Off Oyinkan Drive, Ikoyi Lagos
Telephone: +23412715005, +23412692097
Website: www.armpension.om
Email: [email protected]
4. Crusader Sterling Pensions Ltd
Address: 14, Keffi Street, South West Ikoyi, Lagos
Telephone: 234127138004, +23412713813
Website: www.crusaderpensions.com
Email: [email protected]
5. FCMB Pensions Ltd
Address: 207, Zakariya Maimalari Street, Cadastral AO, Central District, Abuja
Telephone: +234946135013, +23496738002
Website: www.fcmbpensions.com
Email: [email protected]
6. Fidelity Pension Manager
Address: 2 Adeyemo Alakija Street, Victoria Island, Lagos
Telephone: +23414626963, +23494626968
Fax: +23495239434
Website: www.fidelitypensionmanwgers.com
Email: infofidelitypensionmanagers.com
7. First Guarantee Pension Ltd
Address: Adebola House, 3rd Floor, 38/40, Opebi Road, Ikeja, Lagos
Telephone: +23412715500, +23412741759
Website: www.firstguranteepension.com
Email: [email protected]
8. IEI-Achor Pension Managers Ltd
Address: No. 22, Otukpo Street, Off Gimbiya Street, Area 11, Garki, Abuja
Telephone: +23497831663, +2348078450652, +2348165722731
Website: www.ieianchorpensions.com.ng
Email: [email protected]
9. Investment One Pension Managers Ltd
Address: Plot 871, Tafawa Belewa Way, Opposite NICCON Luxury Hotel, Garki Area 11, Abuja
Telephone: +23492194381, +23497802508
Website: www.investment-onepensions.com
10. Leadway Pensure PFA Ltd
Address: 121/123 Funsho Williams Avenue Surulere, Lagos
Telephone: +23412800850, +23412800900
Website: www.leadway-pensure.com
Email: [email protected]
11. Nigerian University Pension
Management Company (NUPEMCO)
Address: Ground Floor Abuja Chamber
of Commerce and Industry, KM8, Umaru Musa Yaradua Epress Road, Abuja
Telephone: +2348082833355,
+2348138475305
Website: www.nupemco.com
Email: [email protected]
12. NLPC Pension Fund
Administrators Ltd
Address: 312A, Ikorodu Road,
Anthony Lagos
Telephone: +23412793580,
+23417610812
Fax: +23412793583
Website: www.nlpcpfa.com
Email: [email protected]
13. NPF Pension Ltd
Address: NPF Pensions House, Plot
3820, R.B. Dikko Street, Off Shehu Shagari Way, Opposite Force Headquarters,
Central Business District Abuja
Website: www.npfpensions.com
Email: [email protected]
14. OAK Pensions Ltd
Address: 266 Murtala Mohammed Way,
Yaba, Lagos
Telephone: +23414616680,
+23414614704
Fax: +23412627492
Website: www.oakpensions.com
Email: [email protected]
15. Pensions Alliance Ltd
Address: Plot 289 Ajose Adeogun
Street, Victoria Island, Lagos
Telephone: +23412667710,
+23412667177, +23412662002
Website: www.pensionsalliance.com
Email: [email protected]
16. Premium Pension Ltd
Address: 4, Agwu Street, Off
Faskari Crescent, Area 3 Garki, Abuja
Website: www.premiumpension.com
Email: [email protected]
17. Radix Pension Managers Ltd
Address: 26 Adeola Hopewell Street,
Victoria Island, Lagos
Telephone: +23412919687-9, +2349060001020
Website: www.radixpension.com
Email: [email protected]
18. Sigma Pensions Ltd
Address: Ground Floor and 4th
Floor, Oakland Centre, 48 Aguiyi Ironsi Street, Maitama, Abuja
Telephone: +23495237787,
+23495237816, +23495237787
Website: www.sigmapensions.com
Email: [email protected]
19. Stanbic IBTC Pension Managers
Ltd
Address: Plot 1678, Olakunle Bakare
Close, Victoria Island, Lagos
Telephone: +23412716000
Website: www.stanbicibtcpension.com
Email: [email protected]
20. Tangerine Pensions Ltd
Address: 21B, Olosa Stress,
Victoria Island, Lagos
Telephone: +234(0)14485490
Website: www.pensions.tangerine.africa
Email: [email protected]
21. Trustfund Pensions Ltd
Address: Plot 820/821, Labour
House, Behind Ministry of Finance, Central Business District, Abuja
Telephone: +23496725777,
+23496725946, +23492340112
Website: www.trustfundpensions.com
Email:
[email protected]
22. Veritas Glanvills Pensions Ltd
Address: 26 Commercial Avenue,
Yaba, Lagos
Telephone: +23414627060,
+23414627067
Fax: +23414627087
Website: www.vgpensions.com
Email: [email protected]