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Chuks Udo Okonta
The Pension industry has continued to gain popularity as Pension Fund Administrators (PFAs) received more Retirement Saving Account (RSA) holders.
According to information obtained by Inspenonline, Stanbic IBTC Pension Managers Limited, as at the end of the second quarter 2017, retained its leadership position in the industry with 1,590,012 RSA holders. The firm within the second quarter this year, also registered 16,932 subscribers.
Trust Fund, stood at the second position with 706,507 RSA holders. 4,750 workers were registered in the second quarter. Sigma Pension which is third, had 670,405, got 5,618 in Q2; ARM had 669,562, (10,432); Premium Pension, 612,743, (6761); Leadway Pensure, 526,803, (9,207).
Others are, Pension Alliance, 468,064, (5,498); Legacy Pension, 364,513, (5,439); Crusader Sterling 282,664, (3,737); NLPC 265,148, (4,918); First Guarantee 243,859, (4,338); AIICO Pensions 213,580, (2109); OAK 182,829; NPF Pension 161,796, (1,352).
Fidelity Pension 157,822, (5,218); FUG 117,334, (2,152); APT 114,598, (1,738); IEI Anchor 108,393, (2,985); Axa Mansard 67,717, (1,666); investment one 62,331, (1245) and IGI Pension occupies the bottom of the ladder with 5,339 RSA holders.
Within the period under consideration, 9148 RSA holders from the federal government were captured; 77,023 from the Private sector and 11,542 from States.
The number of RSA holders as at June 30 stood at 1.90 million from the federal government; 4.16 million from the private sector and 1.53 million from states, amounting to 7.59 million.
