10 Best Pension Companies in Nigeria


Are you retiring soon? Or are you just starting out as a working class individual but you don’t have a pension plan?

Well, before you make a choice on your pension plan, you may need to speak to representatives of any of the pension fund managers in the country.

We’ve decided to help you along the way by providing a list of the top 10 pension companies in the country.

10 Best Pension Companies in Nigeria

#1 ARM Pensions Manager

Arm & Resources Management Company (ARM) Limited was one of the pension firms that were given the licence to operate by the Federal Government in 2005.

The company is led by Emmanuel Ikazoboh along with a team of highly experienced professionals.

ARM was established in 1994 and has grown over the years to become one of the leading investment management firms in the country.

The company has a successful track record of protecting and growing investments and it has authorized the payment of over N1.2 billion since inception.

#2 AXA Mansard Pensions Ltd

Located at Ahmadu Bello Road in Victoria Island, AXA Mansard is one of the major pension fund managers in the country.

Their pension fund is quite robust and you can choose any of the packages depending on your need.

As an employer, you can register all your employees with AXA Mansard. And as an individual; you can open a retirement savings account with the company. However, if you’d like to increase your retirement savings, you can include the voluntary contribution option.

The voluntary contribution is particularly interesting for those that have set retirement goals and need to have a specified amount of money in their account before they retire.

#3 CrusadersSterling Pensions Ltd

Incorporated in 2004, CrusadersSterling Pensions Ltd is one of the leading pension fund administrators in the country. As a matter of fact, the company was selected as the best performing pension fund administrator in the country in 2014.

CrusadersSterling offers options of both retirement savings account and voluntary contributions for employees. Currently, their fund price at N3.0184 is the highest in the industry.

They provide regular investment strategy and returns to employees and beneficiaries. And they have consistently led in the past 8 years in terms of returns on investment.

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Also they educate their retirees on life after retirement, entrepreneurship skills and opportunities. They also counsell their customers on the best retirement savings account which could either be annuity or programmed withdrawal.

#4 Oak Pensions

Oak Pensions was set up by the Pension Reforms Act of 2014

Their products include:

  • Retirement Savings Account
  • Voluntary contribution
  • Defined Benefit Scheme Management
  • Benefits Administrations & Payment
  • Retirement Planning & Advisory Services

Oak Pensions applies modern information technology to the management, operation and investment of pension funds for optimal yield to contributors.

#5 NLPC Pension Fund Administrator

Incorporated in 2005, NLPC PFA and received their licence as a PFA in 2006. They have offices across the states of the country.

NLPC PFA is one of the reputable PFAs in the Nigeria. And in many parts of the country; they are synonymous with the pension administration.

#6 LeadWay Pensure

LeadWay Pensure is another top pension fund administrator. They offer a wider range of retirement support service to their numerous customers.

Licensed by the National Pension Commission, LeadWay Pensure currently has one of the largest customer base in Nigeria.

Apart from the unique pensions fund adminstration, LeadWay is known as one of the best places for employees because they don’t just invest in retirement funds, they also invest in their staff.

#7 FUG Pensions Limited

Licensed by the National Pension Commission in 2007, Future Unity Glanvills (FUG) Pensions is known for their efficient service delivery.

Their office is located at 26 Commercial Avenue, Sabo, Yaba however, they operate from 6 regional offices across the country.

Also, they have an authorised and paid up share capital of N1.5 billion and they are known for their enviable track record in the industry and sound pedigree in investment.

Leadway Pensure have led the line in pension fund administation for many years due to their excellent customer service.

#8 Fidelity Pension Managers Limited

Fidelity Pension Managers Limited is a pension fund administrator in Nigeria that has been recognized globally as the best PFA in the country.

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They have a mobile app from which you can oversee your pension account and make the necessary enquiries. You can also use this app to calculate how much your expected pension will be. And if this amount doesn’t align with your retirement goals, you can include a monthly voluntary contribution to your existing pension plan.

If in the course of your working years you inexplicably lose your job, Fidelity Pension Managers will provide you with a fraction of your savings to assist you while you search for another job.

#9 Stanbic IBTC Pension Managers

Stanbic IBTC Pension Managers was incorporated in 2004 as a subsidiary of Stanbic IBTC Bank. The company has an authorized paid up capital of N1 billion. They have a proven track record in money management and protection of customer’s wealth. As a matter of fact, the parent company of Stanbic IBTC Pension Managers is over 150 years.

You can reach them online or easily access their representatives at any of their 217 locations across the country. Also, you can visit any Stanbic IBTC Bank to open your retirement saving account.

#10 Sigma Pensions

Incorporated in August 2004, Sigma Pensions has grown over the years to become one of the leading pension funds administrators in the country.

The company was granted full licence to operate as a PFA in December 2005. Also, they have a fully paid up shares of N985 million

They have over 600 000 customers and they are certainly looking to double that number in the next few years with their top notch service.

Their popular products include:

  • RSA Fund Management
  • Retirees Fund Management
  • Definite Benefit Scheme Management
  • Voluntary Savings
  • Pension Payroll

Also, they offer retirement benefits, fund management and pension advisory services.

 

Wrapping up

Your retirement can be fun and worry-free and one way to achieve this is by getting it right with your pension plan.

Contact any of the enlisted companies and you should be on your way to choosing the right pension plan and fund administrator.

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