Premium Pension Maintains the Lead amongst its Peers in ROI and Unit Price

Premium Pension Limited has topped the list in the year end 2020-unit price and in cumulative returns since the beginning of the Contributory Pension Scheme (CPS). This achievement accentuates the record achieved as the first PFA to surpass the N5.0000-unit value in Retirement Savings Account (RSA) Fund II on 26th June, 2020.

You would recall that the launch of the RSA Transfer System (RTS) on November 16, 2020 heralded the full implementation of one of the cardinal features of the Contributory Pension Scheme (CPS), the portability of RSAs. By this development, RSA holders have been empowered to move their RSAs from their current PFAs to other PFAs of their choice, whenever they desire to do so.   

According to a report by Business Day Newspaper, Premium Pension has continued its trajectory of adding value to the customers by returning 433.75% investment growth to its RSA holders and maintaining the highest unit value of 5.3375 in the oldest RSA Fund (Fund II) since inception. 

The newspaper also reported that the number of contributors that have moved has risen by 353 percent to a total of 12,681 in the Transfer Quarter that ended March 31, 2021, from a total number of 2,799 Retirement Savings Account (RSA) holders in the maiden Transfer Quarter that ended December 31, 2020.   

The return on pension contribution by the performance of the PFAs listed will not only give contributors some level of comfort in the Contributory Pension Scheme (CPS) but will further consolidate their confidence in the scheme and the choice of the right PFA, the newspaper reported.  

Find the link to the full story as reported by Business Day below; 
https://businessday.ng/insurance/article/pension-contributors-navigate-maze-of-pfas-for-better-returns/amp/