Nigeria’s pension business continued to indicate resilience in April 2025, as funds beneath administration delivered regular returns throughout all Retirement Financial savings Account (RSA) classes, regardless of ongoing market volatility and macroeconomic uncertainty.
In accordance with efficiency information tracked by Nairalytics, the analysis arm of Nairametrics, the nation’s Pension Fund Directors (PFAs) posted a mean return of 1.28% for the month, with all 4 RSA fund varieties reporting positive factors.
RSA Fund I, focused at aggressive traders, led the pack, with a 1.39% common return.
RSA Fund II, the default fund for contributors beneath 50, adopted intently at 1.34%, whereas the extra conservative Fund III and Fund IV posted 1.22% and 1.18% respectively.
Finest Performing Pension Fund Directors
For the month of April 2025, Tangerine Apt Pensions emerged as the highest performer, recording a powerful 1.83% return throughout its portfolios and a outstanding 3.45% return in RSA Fund I. This stellar efficiency positions Tangerine Apt Pensions as a frontrunner within the business, benefiting from strong administration methods which have considerably outpaced rivals.
Crusader Sterling Pensions got here in second, with a powerful 1.76% return, pushed by positive factors in RSA Fund II and stable efficiency throughout its extra conservative funds. Pensions Alliance Restricted rounded out the highest three, sustaining regular returns with a mean of 1.44%.
A number of different PFAs recorded notable performances, together with Pension Fund Directors Restricted, which posted a 1.15% return, and OAK Pensions Restricted, which adopted intently with a 1.11% return.
You will need to be aware that ARM Pension Managers Restricted, Guaranty Trust Pension Managers, and Veritas Glanvills Pensions had been excluded from the evaluation as a consequence of invalid or incomplete information.
RSA Fund I efficiency
RSA Fund I, which targets contributors searching for larger funding returns with its heavy allocation to variable earnings devices, was the highest performer in April, delivering a return of 1.39%. Tangerine Apt Pensions led this class with an impressive 3.45% return, adopted by FCMB Pensions Restricted at 1.67% and Stanbic IBTC Pension Managers Restricted at 1.61%.
Out of the 16 taking part PFAs, 15 recorded constructive returns, whereas OAK Pensions Restricted skilled a slight decline of -0.06%.
- First: Tangerine Apt Pensions – 3.45%
- Second: FCMB Pensions Restricted – 1.67%
- Third: Stanbic IBTC Pension Managers Restricted – 1.61%
RSA Fund II efficiency
RSA Fund II, designed for contributors beneath the age of fifty with a medium-risk urge for food, posted a mean return of 1.34% in April. Crusader Sterling Pensions topped this class, delivering a outstanding 1.91% return, adopted by Norrenberger Pensions with 1.88%. Pensions Alliance Restricted got here third with a 1.68% return.
- First: Crusader Sterling Pensions Restricted – 1.91%
- Second: Norrenberger Pensions – 1.88%
- Third: Pensions Alliance Restricted – 1.68%
RSA Fund III efficiency
RSA Fund III, catering to contributors aged 50 to 60, demonstrated a stable 1.22% return for April, rating third among the many 4 funds. Crusader Sterling Pensions led the way in which with a powerful 1.86%, adopted by Pensions Alliance Restricted with 1.58% and Leadway Pensure PFA Restricted with 1.44%.
- First: Crusader Sterling Pensions Restricted – 1.86%
- Second: Pensions Alliance Restricted – 1.58%
- Third: Leadway Pensure PFA Restricted – 1.44%
RSA Fund IV efficiency
RSA Fund IV, essentially the most conservative choice aimed solely at retirees, was the least performing class for April, recording a mean return of 1.18%. Crusader Sterling Pensions as soon as once more led with a 1.65% return, adopted by OAK Pensions Restricted at 1.31% and Pensions Alliance Restricted with 1.29%.
- First: Crusader Sterling Pensions Restricted – 1.65%
- Second: OAK Pensions Restricted – 1.31%
- Third: Pensions Alliance Restricted – 1.29%
Backstory: Pension fund belongings and investments
As of February 2025, in keeping with the info launched by PenCom, Nigeria’s pension fund belongings reached N23.27 trillion, reflecting a 1.77% improve from N22.86 trillion in January 2025. Regardless of prevailing financial challenges, this development recorded in February, alongside the efficiency of the Pension Fund Directors (PFAs) reviewed on this article, underscores the resilience and stability of the pension business.
The portfolio breakdown exhibits that Federal Authorities of Nigeria (FGN) securities stay the dominant asset class, accounting for 62.18% of whole belongings, amounting to N14.47 trillion. Company debt securities and cash market devices signify 10.01% and 9.51% of the portfolio, respectively.
Investments in home equities rose to N2.58 trillion, or 11.10% of whole belongings, whereas mutual funds contributed a modest 0.36%, totaling N84.76 billion.
RSA registrations and fund distribution
As of February 2025, whole RSA registrations stood at 10.65 million, a 3.82% improve from the earlier 12 months. RSA Fund II, the default fund for energetic contributors, remained the most important by Internet Asset Worth (NAV), holding N9.62 trillion, or 41.33% of whole belongings. RSA Fund III, which serves contributors aged 50 and above, rose to N6.06 trillion, whereas Fund IV, catering to retirees, grew by 2.25% to N1.71 trillion.
This development displays the growing participation within the contributory pension scheme and the continued enlargement of Nigeria’s pension business, which stays resilient regardless of broader financial challenges.
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