RSA registration marginally increased by 0.17% to 9,188,475 as at November 2020.
The top 5 Pension Fund Administrators with the highest Return on Investment (ROI) for Fund II in November 2020.
All PFAs for Fund I, II, III, and IV recorded positive returns for the period despite COVID-19 pandemic.
The Nigerian equities market has rallied strongly, with blue chips outperforming, and the all-share index up by 9.2% since the CBN's OMO ban.
The CEO of Sigma Pensions Limited, Dave Uduanu, said Pension Fund Administrators in Nigeria are going to have a really difficult year.
The Pension Fund Administrators have increased investments in infrastructure to N40.52 billion, according to the latest PenCom's monthly report.
Following a bearish run in 2019, with a negative return of 14.6%, the local bourse began the year on a positive note.
PenCom has discontinued Death Benefits Account (DBA) for deceased employees under the contributory pension scheme.