In this post, we will review the Top 10 Pension Administrators in Nigeria. Theses are licensed pension fund administrators and custodians in Nigeria. They perform the task of pension administration in Nigeria.
Working class people, civil servants and other employees set aside certain sum of money called pension which they will fall back upon when they retire.
Therefore, they need professionals to assist them to save their funds and also, make the funds available for them to use in retirement.
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These licensed professionals are called pension administrators. The pension administrations are empowered by the Pension Act of 2004 to assist workers and employers to manage their pension funds properly.
The Pension Act was enacted in 2004 as a contributory scheme which encouraged workers and employees to determine their fate and future by deciding what level of pension they would want to retire on.
The Contributory Pension Scheme requires pension funds to be privately managed exclusively by licensed Pension Fund Administrators
The main functions of the PFA are:
a. To open Retirement Savings Account (RSA) for employees;
b. Invest and manage pension fund assets;
c. payment of retirement benefits
d. Accounting for all transactions relating to the pension funds under their management.
e. In this article, we will list the top pension administrators in Nigeria and their directory.
Top 10 Pension Administrators in Nigeria
1. ARM Pensions Manager
Arm & Resources Management Company (ARM) Limited is a leading pension firm in the country that started in 2005. They have highly experienced professionals that would put you through on any pension plan you want. The company also has a successful record of protecting and growing investments management firms in the country.
2. AXA Mansard Pensions Ltd
AXA Mansard is another top pension fund managers in the country. As an employer, you could register all your employees with AXA Mansard.
Individuals can open retirement savings account with them. The pension package is regarded as one of the best with various packages depending on your need. For retirement goals, the voluntary contribution package is the right option for you.
3. Crusaders Sterling Pensions Ltd
Crusaders Sterling Pensions Ltd is one of the top and reliable pension fund administrators in Nigeria today. In 2014, the company was voted and selected as the best performing pension fund administrator in Nigeria having positive rating on returns on investment (ROI).
4. Oak Pensions
Oak Pensions was established by the Pension Reforms Act of 2014. They have since emerged as a solid and reliable pension company They give the following products to their customers which are
a. Retirement Savings Account
b. Defined Benefit Scheme Management
c. Voluntary contribution
d. Retirement Planning & Advisory Services
They make use of modern information technology to their management, operation and investment of pension funds.
5. NLPC Pension Fund Administrator
NLPC PFA was Incorporated in 2005 but started operating as a licenced pension fund administrator in 2006.They have offices nationwide.
6. LeadWay Pension
LeadWay Pension offer a wider range of customer friendly retirement support services to their numerous customers and currently have one of the largest customer base in Nigeria. LeadWay also offer unique pensions fund administration for their staff.
7. FUG Pensions Limited
They started operating as a fully licensed pension funds administrator after getting the approval of the National Pension Commission in 2007.
They have an authorized and paid up share capital of N1.5 billion with an enviable track record in the industry providing sound investment for retirement funds.
8. Fidelity Pension Managers Limited
Fidelity Pension Managers Limited has been recognized globally as the best PFA in Nigeria. You can use their mobile app to keep track of your pension account easily, set retirement goals adding a monthly voluntary contribution to your existing pension plan.
One unique benefit of using this pension provider is that when you use your job during your active years, they will provide you with a fraction of your savings to assist you till you get a new job.
9. Stanbic IBTC Pension Managers
Stanbic IBTC Pension Managers is a pension provider used virtually by most top organizations in Nigeria. They have been in the business for close to 150 years. They were incorporated in 2004 as a subsidiary of Stanbic IBTC Bank. The company has since paid an authorized capital of N1 billion.
They also have a track record in money management and protection of customer’s wealth.
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10. Sigma Pensions
It was registered in 2004 and given license to operate as a PFA in 2005. They also offer retirement benefits, fund management and pension advisory services.
At present, they have over 600 000 customers on their data base which should increase due to their customer friendly pension scheme which include:
a. RSA Fund Management
b. Retirees Fund Management
c. Definite Benefit Scheme Management
d. Voluntary Savings
e. Pension Payroll
Directory of the Top Pension Managers in Nigeria:
1. AIICO Pension Managers Limited
Mr. Eguarekhide Longe : The MD
Plot 2, Oba Akran Avenue
Ikeja
Lagos
+234 8157306868-MD
+234 1 2624667
+234 1 2625003
+234 1 2624174 (Fax)
E-mail: elonge@aiicopension.com
E-mail: info@aiicopension.com
Website: http://www.aiicopension.com
2. ARM Pension Managers Limited
Mr.Wale Odutola : The MD
No. 5, Mekunwen Road
Off Oyinkan Drive
Ikoyi
Lagos
+234 8033048473-MD
+234 1 2715005
+234 1 2692097
+234 1 7737432
+234 1 2715061
E-mail: info@armpension.com
Website: http://www.armpension.com
3. APT Pension Fund Managers Limited
Dr. Al-Mujtaba Abubakar Gummi: The MD
Plot 266 Cadastral AO
Central Business District
Garki
Abuja
+234 8033146939-MD
+234 8077090000
+234 9 4614400-29
+234 9 2340096 (Fax)
E-mail: gummia@aptpensions.com
Website: http://www.aptpensions.com
4. AXA Masard Pension Limited
Dapo Akinsanya :The MD/CEO
No 21B, Olosa Street
Victoria Island
Lagos
+2348034881902 – MD
+234 1 4609780 – 9
+234 1 4619700 – 9
E-Mail: Dapo.akinsanya@axamansard.com MD
info@axamansardpensions.com
Website: www.axamansardpensions.com
5. CrusaderSterling Pensions Limited
Mr. Adeniyi Falade :The MD
No. 41, Keffi Street
South West Ikoyi, Lagos
+234 8058004953-MD
+234 1 271 3800-4
+234 1 271 3813
E-mail: info@crusaderpensions.com
Website: http://www.crusaderpensions.com
6. Fidelity Pension Managers
Mrs. Amaka Andy-Azike : The MD
2 Adeyemo Alakija Street
Victoria Island
Lagos
+234 803 325 7523 – MD
+234 1 4626963
+234 9 4626968/69
+234 9 6720547
+234 1 4626966 (Fax)
+234 9 5239434 (Fax)
E-Mail: info@fidelitypensionmanagers.com
Website: http://www.fidelitypensionmanagers.com
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7. First Guarantee Pension Limited
Mr. Chima Jude Akalezi :The MD (Interim Management Committee)
Irorun Plaza ,
No. 65, Kudirat Abiola Way,
Oregun, Ikeja
Lagos
+234 8033279973 -MD
+234 1 2715500
+234 1 274175-9
+234 1 2610366
+234 1 2613413
E-mail: info@firstguaranteepension.com
Website: http://www.firstguaranteepension.com
8. Future Unity Glanvils Pensions Limited
Mr. Usman B. Suleiman : The MD
26 Commercial Avenue
Yaba
Lagos
+234 8033435906-MD
+234 1 4627060
+234 1 4627067
+234 1 4627087 (Fax)
E-Mail: info@fugpensions.com
Website: http://www.fugpensions.com
9. Investment One Pension Managers Limited
Azubuike Okonkwo : The MD
Plot 871, Tafawa Balewa Way
Opposite NICON Luxury Hotel
Garki Area 11
Abuja
+234 8023204661-MD
+234 9 2194381
+234 9 7802508
E-mail: azubuike.okonkwo@investment-onepension.com MD
E-mail: enquiries@investment-onepension.com
Website: http://www.investment-onepensions.com
10. IEI-Anchor Pension Managers Limited
Solomn Okoli : The MD
Plot 51A, Oro Ago Street
Garki II
Abuja
+234 8087184223 MD
+234 9 3146526
+234 9 4618900 – 9
+234 9 3145171(Fax)
E-mail: info@ieianchorpension.com
E-mail: solomonokoli@ieianchorpension.com
Website: http://www.ieianchorpension.com
11. IGI Pension Fund Managers Limited
Stannis Uchenna Ezeobi : The MD
No. 4, Adeola Odeku Street
Victoria Island
Lagos
+234 8084995466-MD
+234 1 6213043 – 47
E-mail: info@igipfm.com
Website: www.igipfm.com
12. Leadway Pensure PFA Limited
Mrs. Aderonke Adedeji : The MD
121/123 Funsho Williams Avenue
Surulere
Lagos
+234 8066438653-MD
+234 1 2800850
+234 1 2800900
E-mail: info@leadway-pensure.com
Website: http://www.pensure-nigeria.com
13. Legacy Pension Managers Limited
Mr. Misbahu Yola : The MD
39, Ademola Adetokunbo Crescent
Wuse II, Abuja
+234 8022235807-MD
+234 9 4613501-3
+234 9 6738002
E-mail: info@legacypension.com
Website: http://www.legacypension.com
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14. NLPC Pension Fund Administrators Limited
Mr. Adewale O. Kolawole : The MD
Location: 312A,
Ikorodu Road, Anthony
Lagos
+234 8034027008-MD
+234 1 2793580 – 2
+234 1 7610812
+234 1 2793583 (Fax)
E-mail: info@nlpcpfa.com
Website: http://www.nlpcpfa.com
15. NPF Pensions Limited
Mr. Hamza Sule Wuro Bokki
Insurance Building
Behind Force Headquarters
Loius Edet House
Area 11
Garki – Abuja
+234 8077092234 – MD
E-mail: info@npfpensions.com
website: www.npfpensions.com
16. OAK Pensions Limited
Mr. Samuel Inyang : The MD
266 Muritala Mohammed Way
Yaba
Lagos
+234 8033094625: The Ag. MD
+234 1 4616680
+234 1 4614704-5
+234 1 2627490-1
+234 1 2627492 (Fax)
E-mail: info@oakpensions.com
E-mail: sami@oakpensions.com Ag. MD
Website: http://www.oakpensions.com
17. Pensions Alliance Limited
Mr. Emenike Dave Uduanu : The MD
9th Floor, UBA Building
57 Marina
Lagos
+234 08034039191-MD
+234 1 2667710
+234 1 2667177
+234 1 2662002
E-mail: info@pensionsalliance.com
Website: http://www.palpensions.com
18. Premium Pension Limited
Mr. Wilson Ideva : The MD
No. 4, Agwu Street
Off Faskari Crescent
Area 3
Garki – Abuja
+234 08073399874 – MD
+234 07029128221
+234 9 4615707-9
+234 9 4615700
Email: wilsonideva@premiumpension.com – MD
Email: info@premiumpension.com
Website: http://www.premiumpension.com
19. Sigma Pensions Limited
Mr. Umaru H. Modibbo : The MD
No. 29 Durban Street
Off Adetokunbo Ademola Crescent
Wuse II – Abuja
+234 8033164996-MD
+234 9 5237787
+234 9 5237816
+234 9 5237787
E-mail: info@sigmapensions.com
Website: http://www.sigmapensions.com
20. Stanbic IBTC Pension Managers Limited
Dr. Ademola Sogunle : The MD
Plot 1678, Olakunle Bakare Close
Victoria Island
Lagos
+234 8034020097- MD
+234 1 2716000
E-mail: pensionsolution@stanbicibtc.com
Website: http://www.stanbicibtcpension.com
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21. Trustfund Pensions Plc
Helen Da-Souza (MD)
Plot 820/821
Labour House
Behind Ministry Of Finance
Central Business District
Abuja
+234 8052090315-Ag. MD
+234 9 6725777
+234 9 6725946
+234 9 2340112
E-mail: enquiries@trustfundpensions.com
Website: http://www.trustfundpensions.com