NPF Pension Managers emerges among top three PFAs with high return on investment

Posted by News Express | 22 November 2020 | 1,081 times

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NPF Pension Managers has emerged among the top three Pension Fund Administrators in Nigeria with the highest Rate of Return (ROR).

NPF is the Pension Fund Administrator for the Nigeria Police Force dedicated to managing the pension of Nigerian policemen and women.

The rating contained in a recent report published by the National Pension Commission (PenCom) to mark the commencement of the Retirement Savings Account Transfer System (RTS), is meant to guide contributors and retirees in making informed decision before moving from their present fund manager to another.

The report showed that NPF Pension Managers had Fund II ROR of 12.70 in 2019; ROI, 11.88 per cent; Fund IV, ROR, 14.26 and ROI, 16.93 per cent.

While Fund ll is for active contributors who are below 50 years of age, Fund IV is for retirees.

APT Pension Limited has the highest ROR of 19.60with three years rolling average ROR for Fund ll, 2017-2019 average of 15.28 per cent.

AIICO Pension Managers took the second position with ROR of 16.45 with three years rolling average ROR for Fund ll, 2017-2019 average of 14.72 per cent.

The firm’s return on investment for Fund IV was 16.42 per cent, while rate of return was 15.03.

According to the pioneer Director-General, PenCom, Muhammad Kabir Ahmad, the launch of Retirement Savings Account Transfer System, by PenCom is expected to trigger competition among pension operators.

The expected competition would arise as pension contributors and retirees would seek to align with PFAs with good rate of return, robust return on investment and first class service delivery.

Ahmad had urged operators not to compete on market share but on how to grow the pension sector.





Source: News Express

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