Premium Pension Limited Leads Other PFAs in Unit Price

Of the 22 Pension Fund Administrators (PFAs) in the country, Premium Pension Limited (PPL) recorded the highest unit value of N5.0143, thereby, surpassing the N5.0000 unit value in Retirement Savings Administrator(RSA) Fund II on 26th June, 2020.

Investigation shows that Premium Pension has continued its trajectory of adding value to the customers, hence, closed the half year with N5.0143 unit value.

With this development, the Pension fund operator remains the first and only PFA to give over 400 per cent investment growth to its RSA holders since the beginning of the Contributory Pension Scheme(CPS) in 2004.

Following closely in second spot was NLPC PFA with a unit value of N4.7335, while Crusader Pension occupied third position with N4.6939 unit prize, even as ARM Pension recorded N4.6426 prize value.

Moreover, Stanbic IBTC posted N4.5177 unit prize, FCMB Pension N4.3851 and PAL Pensions has N4.2973 as its unit prize.

Others are; AIICO Pension with a unit prize of N3.9649, First Guaranty Pension N3.9217 and Trustfund Pension with N3,8462 unit prize as at 30th June, 2020.

Furthermore, a careful analysis of RSA Fund III revealed that NLPC was leading this category with N1.4067 unit price keenly followed by Premium Pension with N1.3435, AIICO N1.3208, while Stanbic IBTC Pension came fourth with N1.2861.

Other PFAs in order of ranking in Fund III are; First Guaranty N1.2639, Crusader Pension N1.2601, PAL Pension N1.2517 and Leadway Pension with N1.2444 as at 30th June, 2020.

Experts said, the return on pension contribution by the performance of the PFAs listed above will not only give contributors some level of comfort in the CPS but will further consolidate their confidence in the scheme.

Source, Leadership Newspaper.