\n According to data compiled by Nairametrics Research, all 18 Pension Fund Administrators (PFAs) recorded gains, with FCMB Pensions Limited emerging as the top performer, posting a monthly average return of 5.68%, driven by strong returns across all RSA fund types. The pension system\u2019s average fund growth stood at 4.20% for the month, reinforcing investor confidence in the resilience and stability of Nigeria\u2019s contributory pension scheme.\n <\/p>\n
\n RSA Funds Category Performance \u2013 July 2025\n <\/p>\n
\n The month of July witnessed significant gains across the four RSA categories, with RSA Fund I (the high-risk, high-return category) which delivered the highest average return of 6.30%, driven by higher exposure to variable income instruments.\n <\/p>\n
\n RSA Fund II, the default fund for active contributors under 50 years, posted a 5.33% on average return.\n <\/p>\n
\n RSA Fund III, targeted at pre-retirees (50+), returned 2.06% gain, while RSA Fund IV, the most conservative fund for retirees, returned 1.47%, in line with its low-risk investment structure.\n <\/p>\n
\n Top Performing PFAs in July 2025\n <\/p>\n
\n Based on the average percentage change across all RSA fund categories, the following Pension Fund Administrators emerged as the best performers in July 2025:\n <\/p>\n
FCMB Pensions Limited dominated the chart with an average monthly return of 5.68%, and a standout performance of 7.29% in RSA Fund II, and 4.23% in RSA II.<\/p>\n
Pensions Alliance Limited\u00a0having an average return of 5.62%. with a strong and consistent performer across all funds, notably 8.89% in RSA Fund I and 7.28% in RSA Fund II.<\/p>\n
Trustfund Pensions Plc, with an average return of 5.48%, posted a remarkable 9.37% gain in RSA Fund I \u2014 the highest return among all PFAs in any fund category.<\/p>\n
\n Other PFAs with solid performances include:\n <\/p>\n
Crusader Sterling Pensions Limited: 5.32% average return, led by 6.89% in RSA Fund II and 5.32% in RSA Fund III, the highest in that category.<\/p>\n
Tangerine Apt Pensions: 5.07% average return, with significant gains of 9.10% in RSA I and 6.23% in RSA II.<\/p>\n
AccessARM:\u00a04.99% average return, notable for 8.01% and 5.78% gains in RSA I and RSA II, respectively.<\/p>\n
Leadway Pensure PFA Limited: 4.68% average return, notable for 6.80% and 6.45% in RSA Fund I and II, respectively.<\/p>\n
Fidelity Pension Managers Limited:\u00a04.56% average return, posting consistent returns across all RSA fund types<\/p>\n
\n Fund category chart leaders \u2013 July 2025\n <\/p>\n
\n RSA Fund I, designed for aggressive investors, led the charge with an average return of 6.30%. This fund\u2019s performance was driven by strategic allocations to variable income instruments.\n <\/p>\n
Trustfund Pensions Plc \u2013 9.37%<\/p>\n
Tangerine Apt Pensions \u2013 9.10%<\/p>\n
FCMB Pensions Limited \u2013 8.90%<\/p>\n
\n All 18 participating Pension Fund Administrators (PFAs) recorded positive returns, with NLPC Pension Fund Administrators Limited posting the lowest return at 1.18%.\n <\/p>\n
\n RSA Fund II, tailored for contributors under 50 with a medium-risk appetite, posted an average return of 5.33% in July 2025, reflecting steady performance across the category.\n <\/p>\n
FCMB Pensions Limited \u2013 7.29%<\/p>\n
Pensions Alliance Limited \u2013 7.28%<\/p>\n
Crusader Sterling Pensions \u2013 6.89%<\/p>\n
\n All 18 participating PFAs recorded positive returns.\n <\/p>\n
\n RSA Fund III, designed for contributors aged 50 and above, with a 3.18% average return in July 2025, RSA Fund III remained resilient amidst a volatile fixed-income market, securing its position as the third-best performing fund among the four RSA categories.\n <\/p>\n
Crusader Sterling Pensions \u2013 5.32%<\/p>\n
FCMB Pensions Limited \u2013 4.23%<\/p>\n
Pensions Alliance Limited \u2013 3.95%<\/p>\n
\n As the most conservative fund for retirees, RSA Fund IV posted a modest 1.99% return in July 2025, making it the lowest-performing category among the four RSA funds.\n <\/p>\n
Crusader Sterling Pensions \u2013 2.88%<\/p>\n
Trustfund Pensions Plc \u2013 2.58%<\/p>\n
AccessARM \u2013 2.48%<\/p>\n
\n Pension Assets and Portfolio Allocation Review\n <\/p>\n
\n As of June 2025, Nigeria\u2019s total pension fund assets stood at N24.63 trillion, according to the National Pension Commission (PenCom) \u2014 a 2.17% increase from N24.11 trillion in May.\n <\/p>\n
\n A breakdown of the portfolio shows that Federal Government of Nigeria (FGN) securities remain the dominant asset class, accounting for 61.65% of total assets, amounting to N15.19 trillion.\n <\/p>\n
\n Corporate debt securities and money market instruments represent 9.19% and 9.08%, respectively.\n <\/p>\n
\n Meanwhile, investments in domestic equities rose to N3.08 trillion, or 12.51% of total assets, while mutual funds contributed 0.75%, totaling N183.82 billion.\n <\/p>\n
\n RSA Registrations and Fund Distribution\n <\/p>\n
\n Total RSA registrations reached 10.79 million as of June 2025, reflecting a 4.01%year-on-year growth.\n <\/p>\n
\n The default fund for active contributors, RSA Fund II, remains the largest by NAV with N10.29 trillion, accounting for 41.81% of total assets. RSA Fund III, designed for contributors aged 50 and above, expanded to N6.39 trillion, while RSA Fund IV, catering exclusively to retirees, recorded a moderate 2.14% month-on-month growth, reaching N1.83 trillion.\n <\/p>\n
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