Fund types for everyone

Multi-Fund structure is a framework that aims to match your age and risk profile to one of four distinct RSA funds – i.e. three RSA Fund types for active contributors and one Retiree Fund for retired contributors. Additionally, two other funds exist to cater to the Micro pension contributors (Fund V) and the Non interest fund contributors (Fund VI)

Fund I

Only on request but NOT accessible to Retirees and active contributors of 50 years and above.

Exposure to Variable Investment Instruments

75%

Annual Rate of Return (ARR)

2018 3.57%
2019 12.07%

3 years rolling average(3YRA)

2018 N/A
2019 N/A

Asset Based Fee Effective 01/01/2020

2.025%

PFA - 1.50%
PFC - 0.30%
PENCOM - 0.225%

Administrative Fee

Administrative fee of N100 per month per employee for the Retirement Savings Account fund.

Fund II

Default fund for RSA holders of 49 years and below.

Exposure to Variable Investment Instruments

55%

Annual Rate of Return (ARR)

2018 7.14%
2019 11.16%

3 years rolling average(3YRA)

2018 10.60%
2019 12.31%

Asset Based Fee Effective 01/01/20120

1.65%

PFA - 1.20%
PFC - 0.25%
PENCOM - 0.20%

Administrative Fee

Administrative fee of N100 per month per employee for the Retirement Savings Account fund.

Fund III

Default fund for RSA holders of 50 years and above.

Exposure to Variable Investment Instruments

20%

Annual Rate of Return (ARR)

2018 5.70%
2019 10.96%

3 years rolling average(3YRA)

2018 N/A
2019 N/A

Asset Based Fee Effective 01/01/2020

1.50%

PFA - 1.10%
PFC - 0.225%
PENCOM - 0.175%

Administrative Fee

Administrative fee of N100 per month per employee for the Retirement Savings Account fund.

Fund IV

Only for Retirees

Exposure to Variable Investment Instruments

10%

Annual Rate of Return (ARR)

2018 13.45%
2019 13.49%

3 years rolling average(3YRA)

2018 12.83%
2019 14.29%

Income Based Fee Effective 01/01/2020

7.50%

PFA - 5.00%
PFC - 1.50%
PENCOM - 1.00%

Administrative Fee

Administrative fee of N100 per month per employee for the Retirement Savings Account fund.

Fund V

Only for Micro Pension Fund

Exposure to Variable Investment Instruments

5%

Annual Rate of Return (ARR)

2018 N/A
2019 N/A

3 years rolling average(3YRA)

2018 N/A
2019 N/A

Income Based Fee Effective 01/01/2020

7.50%

PFA - 5.00%
PFC - 1.50%
PENCOM - 1.00%

Administrative Fee

Administrative fee of N80 (for monthly remittances above 4000) and 20 naira (for monthly remittances less than 4000) per month per contributor for the Micro Pension Fund.

Features of the Fund Types

Fund Type Exposure to Variable Investment Instruments Membership
Fund I 75% of Portfolio Only on request but NOT accessible to Retirees and active contributors of 50 years and above.
Fund II 55% of Portfolio Default fund for RSA holders of 49 years and below
Fund III 20% of Portfolio Default fund for RSA holders of 50 years and above
Fund IV 10% of Portfolio Only for Retirees
Fund V 5% of Portfolio Strictly for contributors under the Micro Pension Scheme
Fund VI 55% of Portfolio Contributors who chose to have their pension contributions in Non- Interest Money and Capital Market Products

Personalized retirement plans for everyone

We have a plethora of options to suit every retirement lifestyle. Walk Into Tomorrow to plan your desired retirement lifestyle today.