Top 10 Pension Companies in Nigeria (2024)

Pension

A pension is a retirement plan provided by employers for employees in which the employees receive regular payments after retirement, literally for life.

There are two categories of pension companies: Pension fund administrators, PFAs and pension fund custodians, PFCs that play distinctive roles in pension fund management.

In this article we are focusing on Pension Funds Administrators.

Pension Fund Administrators, PFAs

A pension fund administrator (PFA) is a company licensed by the National Pension Commission to carry out business of managing and investing pension funds of employees.

We have compiled list of top 10 pension fund administrators out of 22 pension funds administrators in Nigeria. This ranking is based on their market performances as well as customers’ perception. There has been stiff competition in the industry which is evident in the manner in which RSA contributors are switching PFAs since transfer window opening. The switching saw some PFAs experiencing loss in customer base, while some others gained more customers.

Related Articles:

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• Types of Pension Plans in Nigeria

Best Performing Pension Fund Administrators in Nigeria

1. Stanbic IBTC Pension Managers Ltd
2. APT Pension Fund Managers Ltd
3. Veritas Glanvils Pensions Ltd
4. Tangerine Pensions Ltd
5. SIGMA Pension
6. ARM Pension Managers
7. AIICO Pension Managers
8. AXA Mansard Pension Managers
9. Leadway Pensure
10. Fidelity Pension

Stanbic IBTC Pension Managers Ltd

Stanbic IBTC Pension is the best performing PFA with about 11.93% returns and N1 billion paid up capital. Incorporated in 2004, Stanbic IBTC Pension Managers is a subsidiary of Stambic IBTC Bank. Over the years, it has proven prudence in management of customers funds. It has a large customer base with top organisations as clients especially for RSA.

They have nationwide coverage with 217 physical locations.

Head Office: Plot 1678, Olakunle Bakare Close, Victoria Island, Lagos

Website:www.stanbicibtcpension.com

APT Pension Fund Managers Ltd

APT is the second best performing PFA in Nigeria with annual return of 10.99% on its RSA for the years of 2021.

Head Office:Plot 266 Cadastral AO, Central District Garki, Abuja

Telephone:+2348077090000, +2349461440029

Fax:+23492340096

Website:www.aptpensions.com

Veritas Glanvils Pensions Ltd

Veritas Glanvils Pensions maintains the third position with about 9.95% annual return. Veritas enjoys patronage of top private organisations for its RSA, and has maintained good track record in management of customers' pension funds.

Head Office:26 Commercial Avenue, Yaba, Lagos

Telephone:+23414627060, +23414627067

Fax:+23414627087

Website:www.vgpensions.com

Tangerine Pensions Ltd

Address:21B, Olosa Stress, Victoria Island, Lagos

Telephone:+234(0)14485490

Website:www.pensions.tangerine.africa

Email:[emailprotected]

Sigma Pensions Ltd

Address:Ground Floor and 4^thFloor, Oakland Centre, 48 Aguiyi Ironsi Street, Maitama, Abuja

Telephone:+23495237787, +23495237816, +23495237787

Website:www.sigmapensions.com

Email:[emailprotected]

ARM Pension Managers Ltd

Address:No. 5 Mekunwen Road Off Oyinkan Drive, Ikoyi Lagos

Telephone:+23412715005, +23412692097

Website:www.armpension.om

Email:[emailprotected]

AIICO Pension Managers Ltd

Address: Plot 2, Oba Akran Avenue Ikeja Lagos

Telephone:+23412624667, +23412625003,

Fax:+23412624174

Website:www.aiicopension.com

Email:[emailprotected]

Leadway Pensure PFA Ltd

Address:121/123 Funsho Williams Avenue Surulere, Lagos

Telephone:+23412800850, +23412800900

Website:www.leadway-pensure.com

Email:[emailprotected]

Fidelity Pension Manager

Address:2 Adeyemo Alakija Street, Victoria Island, Lagos

Telephone:+23414626963, +23494626968

Fax:+23495239434

Website:www.fidelitypensionmanwgers.com

Email:infofidelitypensionmanagers.com

Read also: How to Move Your Pension from Nigeria to Any Country Abroad

Full List of Pension Fund Companies in Nigeria

There are 22 pension fund administrators operating in Nigeria. Here we have provided their names and contacts

1. AIICO Pension Managers Ltd

Address: Plot 2, Oba Akran Avenue Ikeja Lagos

Telephone: +23412624667, +23412625003,

Fax: +23412624174

Website: www.aiicopension.com

Email: [emailprotected]

2. APT Pension Fund Managers Ltd

Address: Plot 266 Cadastral AO, Central District Garki, Abuja

Telephone: +2348077090000, +2349461440029

Fax: +23492340096

Website: www.aptpensions.com

3. ARM Pension Managers Ltd

Address: No. 5 Mekunwen Road Off Oyinkan Drive, Ikoyi Lagos

Telephone: +23412715005, +23412692097

Website: www.armpension.om

Email: [emailprotected]

4. Crusader Sterling Pensions Ltd

Address: 14, Keffi Street, South West Ikoyi, Lagos

Telephone: 234127138004, +23412713813

Website: www.crusaderpensions.com

Email: [emailprotected]

5. FCMB Pensions Ltd

Address: 207, Zakariya Maimalari Street, Cadastral AO, Central District, Abuja

Telephone: +234946135013, +23496738002

Website: www.fcmbpensions.com

Email: [emailprotected]

6. Fidelity Pension Manager

Address: 2 Adeyemo Alakija Street, Victoria Island, Lagos

Telephone: +23414626963, +23494626968

Fax: +23495239434

Website: www.fidelitypensionmanwgers.com

Email: infofidelitypensionmanagers.com

7. First Guarantee Pension Ltd

Address: Adebola House, 3rd Floor, 38/40, Opebi Road, Ikeja, Lagos

Telephone: +23412715500, +23412741759

Website: www.firstguranteepension.com

Email: [emailprotected]

8. IEI-Achor Pension Managers Ltd

Address: No. 22, Otukpo Street, Off Gimbiya Street, Area 11, Garki, Abuja

Telephone: +23497831663, +2348078450652, +2348165722731

Website: www.ieianchorpensions.com.ng

Email: [emailprotected]

9. Investment One Pension Managers Ltd

Address: Plot 871, Tafawa Belewa Way, Opposite NICCON Luxury Hotel, Garki Area 11, Abuja

Telephone: +23492194381, +23497802508

Website: www.investment-onepensions.com