Pensions in Nigeria: How well do you know the different types of PenCom approved Pension Funds?


15 October 2024

Nigerian Pension Fund Administrators (PFAs) offer different types of funds based on the Multi-Fund Structure introduced by the National Pension Commission (PenCom). These funds are designed to align with contributors’ age, risk appetite, and investment preferences. The funds are categorised into four distinct types: Funds I, II, III, and IV, with two additional funds (V and VI) available for specific groups. Fund VI is further broken into two further groups.

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Pensions in Nigeria: How well do you know the different types of PenCom approved Pension Funds?

Our data and information provided is based on public data, our regulatory intelligence effort, from our archives, and other public sources such as from Fund Managers, FMAN, Pension Fund Administrators (PFAs), PenOp, etc. We have taken care to ensure that the information is correct, but MoneyCounsellors neither warrants, represents, nor guarantees the information's contents, nor does it accept responsibility for any errors, inaccuracies, omissions, or inconsistencies contained herein. Because past performance does not predict future performance, it should not be used to make an investment decision. We make no product recommendations. No news or research item should be interpreted as a personal recommendation to buy, sell, or switch any investment. Investments and the income generated by them rise and fall in value, so you may receive more or less than you invested.

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