List of licensed PFAs in Nigeria [Pension Fund Administrators]
June 22, 2021
List of licensed PFAs in Nigeria [Pension Fund Administrators]
PFAs in Nigeria – If you are a civil servant, staff of a privately owned company, or a student who wishes to understand the dynamism of the Pension Fund Administration in Nigeria for education purpose, if this feels like you, this is the best guide you will read about this topic.
Ordinarily, the need to secure one’s financial future having inputted active years as an employee should be of great concern to every aging employee, even the young inclusive.
The concept of PFA was born out of pure necessity to manage funds contributed by employees during their active years in service ahead of retirement.
The acronym PFA stands for “Pension Fund Administrator” this is an agent licensed and empowered by the National Pension Commission (PenCom) to manage pension contributions.
Functions of PFAs in Nigeria
- To open Retirement Savings Account (RSA) for contributors (Employees)
- They invest and manage the pension contributions for optimal profit
- They pay retirement benefits when due or as requested by the retiree
- They account for transparency and effective administration of transactions relating to the pension funds under their management.
Having said that, let’s take a look at licensed Pension Fund Administrators in Nigeria.
By this standard, they are recognized by the Nigerian Pension Commission, and as such your pension contributions are safe.
1. AIICO Pension Managers Limited
AIICO Pension is a Pension Fund Administrator managed by seasoned executives with vast experience in Pension Administration, Risk Management, Banking, Capital Market, and Asset Management in Nigeria.
AIICO Pension was incorporated in February 2005 and licensed in April 2006 as a Pension Fund Administrator by PenCom.
Head office address: Plot 2, Oba Akran Avenue Ikeja, Lagos
Contact: +234 12624667
2. APT Pension Fund Managers Limited
APT Pension Fund Managers Limited was incorporated on 13th December 2004 and was licensed on 22 November 2006. However, commenced fully as a licensed PFA on 15th June 2007.
Its’ mission is to provide pensioners with excellent returns on their retirement benefits and generate the best returns to the stakeholders through hard work, innovation, and devotion to pensioner’s needs.
Using modern technology, a team of highly skilled professionals, with efficiency, integrity, confidentiality, and standard ethical practice in a friendly, stimulating, and enhanced environment.
Head office address: Plot 266 Cadastral AO, Central Business District Garki Abuja.
Contact: +234 8077090000
MD’s email: email@example.com
3. ARM Pension Fund Managers
ARM Pension Managers LTD is one of the foremost Pension Fund Administrators in Nigeria licensed by PenCom in 2005.
It aims to provide a better future for pensioners by offering quality and superior service and value.
Head office address: No. 5, Mekunwen Road Off Oyinkan Drive, Ikoyi Lagos.
Contact: +234 12715005
4. CrusaderSterling Pensions Limited
CrusaderSterling Pensions Limited is a leading Pension Fund Administration in Nigeria with a unique track record in Pension Fund Administration.
Incorporated on 12th of October, 2004 and duly licensed and supervised by PenCom.
Voted best performing Pension Company of the year 2014 at the 3rd African Development Magazine Awards of Excellence held in Accra Ghana.
It has a mission geared towards the continued creation of wealth for retirement.
Head office address: No. 14, Keffi Street South West Ikoyi, Lagos
5. FCMB Pensions Limited
This used to be Legacy Pension Managers Limited, now FCMB Pensions Limited.
One of the leading PFAs in Nigeria with a track record having transformed into a retail and commercial banking-led group.
It enhances the growth and achievement of the personal and business aspirations of its customers.
Head office address: No. 207, Zakariya Maimalri Street Cadastral AO, Central Business District, Abuja
6. Fidelity Pension Managers Limited
Fidelity Pension Managers Limited was incorporated in September 2004 as Alliance Management Limited.
It’s geared towards providing safe and rewarding pension services for an accomplished and happy retirement. As one of the leading and most innovative PFAs in Nigeria, it manages pension contributions with transparency and returns a profit to contributors.
Head office address: 2 Adeyemo Alakija Street Victoria Island, Lagos
7. First Guarantee Pension Limited
First Guarantee Pension strives to be one of the PFAs in Nigeria of every contributor’s first choice, reputed and known for real wealth creation and excellent customer satisfaction through regular and sustained ROI to its stakeholders at large, in its strongest focus is the security of assets.
Head office address: Adebola House, 3rd Floor, 38/40, Opebi Road, Opebi-Ikeja, Lagos
Email address: firstname.lastname@example.org
8. IEI-Anchor Pension Managers Limited
IEI-Anchor Pension Managers poses as a PFA that partners and works with pensioners to secure their future, geared in a credible Pension Administration and services that ensures profitability of pension savings at all time.
Anchor Pension was incorporated in November 2004 as a certified PFA manager.
Head office address: No. 22, Otukpo Street off Gimbiya Street Area 11, Garki, Abuja.
9. Investment One Pension Managers Limited
Investment One Pension Managers works towards ensuring that investment plan increases to surpass prevailing inflation and ensure a real positive rate of return for the Pension Fund Contributors.
Head office address: Plot 871, Tafawa Balewa Way Opposite NICON Luxury Hotel Garki Area 11, Abuja.
Email address: email@example.com
10. Leadway Pensure PFA Limited
Leadway Pensure PFA Limited was incorporated on 25th August 2004 as a PFA following the provisions of PenCom Act 2004.
It’s arguably one of the foremost PFAs in Nigeria to date.
Head office address: 121/123 Funsho Williams Avenue, Surulere, Lagos
11. Nigerian University Pension Management Company (NUPEMCO)
NUPEMCO is a PFA licensed to manage the pension of Nigeria Public Tertiary Institutions.
Concerns regarding the welfare of Members of the Nigerian University System under the contributory pension scheme gave birth to NUPEMCO.
Head office address: Murjanatu House First floor, Number 1, Zambezi Crescent, off Aguiyi Ironsi Street Maitama Abuja
12. NLPC Pension Fund Administrators Limited
Head office address: 312A Ikorodu Road, Anthony Lagos
13. NPF Pensions Limited
Head office address: NPF House, Plot 3820, R.B. Dikko street, Off Shehu Shagari Way, Opposite Force Headquarters, Abuja.
14. OAK Pensions Limited
Head office address: 266 Murtala Mohammed Way Yaba, Lagos
15. Pension Alliance Limited
Head office address: Plot 289 Ajose Adeogun Street, Victoria Island, Lagos
16. Premium Pension Limited
Head office address: No. 4, Agwu Street off Faskari Crescent Area 3, Garki Abuja
17. Radix Pension Managers Limited
Head office address: 26 Adeola Hopewell Street, Victoria Island, Lagos
18. Sigma Pensions Limited
Head office address: No. 29 Durban Street, off Adetokunbo Ademola Crescent Wuse II-Abuja
19. Stanbic IBTC Pension Managers Limited
Head office address: Plot 1678, Olakunle Bakare Close, Victoria Island, Lagos
Other PFAs in Nigeria include
- Tangerine Pensions Limited
- Trustfund Pensions Limited and
- Veritas Glanvills Pensions Limited
Closed Pension Fund Administrators PFAs in Nigeria
- Chevron Closed PFA Limited
- Nestle Nigeria Trust Limited
- Nigerian Agip CPFA limited
- Progress Trust CPFA Limited
- Shell Nigeria Closed PFA Ltd and
- Total (E&P) Nigeria CPFA Limited
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