RSA ‘Active’ funds increased to N9.44trn by Q4 2021 ― PenCom

Workers’ contributions to their Retirement Savings Account (RSA) under the Contributory Pension Scheme (CPS), which is invested in different asset classes to grow their earnings until retirement has increased to N9.44 trillion as of the end of Q4 2021.

The total value of the pension fund grew to N13.42 trillion for the same period under review.

The Net Asset Value (NAT) of the RSA ‘active’ funds includes RSA ‘active’ funds I, II, III, fund V as well as fund VI (non-interest fund, active and retiree) increased from N9.10 trillion as of September 30, 2021, to N9.44 trillion as at December 31, 2021, representing a growth of N339.58 billion, which is 3.73 per cent.

The National Pension Commission (PenCom), Fourth Quarter 2021 Report, which disclosed this, also states that
N16.13 billion was invested in the non-interest fund VI, which is inclusive of the total active funds.

The Report clarified that these figures were exclusive of the N49.58 billion and N43.0 billion balances in respect of the contributions of Federal Government of Nigeria (FGN) workers awaiting transfers to the Pension Fund Administrators (PFAs) as of 30 September 2021 and 31 December 2021, respectively.

Also, PenCom noted that RSA fund II, which is the default RSA fund under the multi-fund structure, “maintained the largest share of the active RSA funds as it represented 61.99 per cent of the RSA ‘active’ funds,” which is N5.83 trillion.

Further breakdown of the RSA performance as published by PenCom shows that fund II followed with 37.51 per cent representing N3.54 trillion, the third distant active fund was RSA fund I with 0.51 per cent accounting for N48.40 billion, followed by RSA fund VI, 0.15 per cent, which is N14.44 billion, while the least on the rung was RSA fund V with N221.18 million.

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