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Money Counsellors Digital Team

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

Pensions




Our AI-generated discussion on helping you understanding the different pension funds. 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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