Victoria Island Investment in Agency bonds also declined to N6.03 billion, down by 50.9% Month-on-Month. What you should know: Nairametrics had earlier reported that CBN had restricted OMO auctions to banks and foreign investors. 4, Agwu Street +234 1 4627067, Wuse II – Abuja, +234 9 5237787, Opebi- Ikeja Sometimes, other challenge has to do with pension funds misappropriation. +234 9 5239434 (Fax), Adebola House, 3rd Floor In Nigeria, the requirement for the Contributory Pension Scheme is that the pension funds are to be privately and exclusively managed by licensed Pension Fund Administrators (PFA). Cadastal AO Fidelity Pension Managers Limited is a pension fund administrator in Nigeria that has been recognized globally as the best PFA in the country. Central Business District, Abuja, 2 Adeyemo Alakija Street The pension fund administrators were established for employees in Nigeria as a contributory pension scheme for payment of retirement benefits of employees to whom the scheme applies. Abuja, hamisu.idris@investment-onepension.com READ: FG posts 27% revenue shortfall in 2020 as budget deficit hit N6.1 trillion, At the beginning of 2020, total pension fund assets invested in treasury bills stood at N1.88 trillion, but that has fallen to N0.78 trillion as at the end of September 2020. In response to the comments, I have decided to do another article on the pros and cons of Pension Fund Administrator (PFA) transfer. 29, Marina (Church House), 3rd Floor, Marina, Lagos Island, Lagos. They have a mobile app from which you can oversee your pension account and make the necessary enquiries. Abuja, Nigeria: Pen and Pages Ltd. QUARTERLY JOURNAL OF CONTEMPORARY RESEARCH, FEDERAL UNIVERSITY OTUOKE, Vol 1&2, Mar. This paper examined Pension Fund Assets (PFA)and Infrastructural Financing (INFF) in Nigeria. You can also use this app to calculate how much your expected pension will be. It is on record that in 2014, the company was selected as the best performing pension fund administrator in Nigeria and have positive rating on returns on investment (ROI). 15. * Poor standard of living, occassined by poverty among pensioners in Nigeria. NLPC PFA Limited and Investment One Pension Managers Limited, however, had dominance in three funds. NLPC Pension Fund Administrators Limited (NLPC PFA) is a licensed PFA in Nigeria and we manage Retirement Savings Accounts (RSAs), invest pension funds and pay retirement benefits to our customers. 38/40, Opebi Road A deeper analysis of the industry reveals that in 2020, mutual fund contributions amounted to about N0.903 trillion while redemptions amounted to about N0.42 trillion. The National Pension Commission (PenCom) in compliance with the Public Procurement Act, 2007, is hereby inviting reputable experienced and interested consultants to submit Expression of Interest (EOI) for the provision of the under listed services: (Download for details) +234 1 2793583 (Fax), NPF Pensions House List Of 21 Licensed Pension Fund Administrators In Nigeria 1.AIICO Pension Managers Limited. Central Business District (CBD) +234 1 2625003 The order redirected the investment focus of most PFAs, with many opting for other low-risk FGN securities, possibly explaining why the increase occurred. The Crusaders Sterling capital includes voluntary and retirement contribution. +234 9 4626968/69, Nigerian Agip Cpfa Limited is a Closed Pension Fund Administrator in Nigeria. Central Business District Since the beginning of 2020, pension fund managers have moved out about N1.112 trillion of treasury bills investments into mostly FGN Bonds. Since the beginning of 2020, pension fund managers have moved out about N1.112 trillion of treasury bills investments into mostly FGN Bonds. Address is at FUG Pensions House , 26, Commercial Avenue Sabo, Yaba, Lagos. 5, Mekunwen Road The new pension scheme requires pension funds to be privately managed by licensed Pension Fund Administrators. +234 1 2624667 The Pension Reform Act (PRA) 2014 makes it compulsory for every employee working in the Public Sector (Federal and States) and Private organizations with three or more workforce to open a … +234 1 2667177, Plot 2, Oba Akran Avenue. +234 9 5237816, The nation’s pension assets rose significantly by 1.76 trillion in the last one year, growing from N9.81 trillion in October 2019 to N11.57 trillion at the end of September 2020. BY ZAKA KHALIQ | The Pension Fund Administrators (PFAs) have invested N8.1 trillion from the nation’s N12.29 trillion pension assets, in federal government securities, as at the end of November, 2020, LEADERSHIP can now reveal. 2 Apt Pension Fund Managers Plot 266, Cadastral A O, Central Business District, Garki, Abuja APT Pension Funds management. Central Business District The Contributory Pension Scheme requires pension funds to be privately managed exclusively by licensed Pension Fund Administrators (PFA). Unlike in 2019, when mutual funds made an estimated gain of N9.9 billion, the N46.7 billion made in 2020, makes Corona Virus a non-issue for the industry. Shell Nigeria Closed Pension Fund Administrator Limited is a Closed Pension Fund Administrator in Nigeria. The findings show that PFA has a positive and significant effect … (Read Also: Lagos approves 33% increase for all state pensioners). 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