• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Thursday, December 7, 2023
  • Login
Business Post
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Pension

RSA ‘Active’ Funds Up To N9.44tr At The End Of Q4 2021, More N339bn ‘Active’ Funds For Investment

Staff Reporter by Staff Reporter
April 25, 2022
in Pension
0 0
0
PenCom Logo
0
SHARES
31
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

RSA (retirement savings account) contributions of workers invested into different asset classes to grow the earnings of contributors up and until retirement has ballooned to N9.44tr as at the end of Q4 2021, out of the total value of pension fund of N13.42tr at same period.

The NAT (net asset value) of the RSA ‘active’ funds includes RSA ‘active’ funds I, II, III, fund V as well as fund VI (non-interest fund, active and retiree) was N9.44tr as at 31 December 2021, representing a growth of N339.58bn (3.73%), as the NAV increased from N9.10tr as at 30 September, 2021 to N9.44tr as at 31 December, 2021. Funds invested in the non-interest fund VI was N16.13bn, which is inclusive of the total active funds.

The National Pension Commission (PenCom), Fourth Quarter 2021 Report, cleared that these figures were exclusive of the balance of N49.58bn and N43.0bn in respect of the contributions of FGN workers awaiting transfers to PFAs as at 30 September 2021 and 31 December 2021, respectively.

PenCom also stated that RSA fund II, which is the default RSA fund under the multi-fund structure, “maintained the largest share of the active RSA funds as it represented 61.99% of the RSA ‘active’ funds,” which is N5.83tr.

RSA fund II followed with 37.51% representing N3.54tr, the third distant active fund was RSA fund I with 0.51% accounting for N48.40bn, followed by RSA fund VI, 0.15% this accommodated N14.44bn, the least on the rung was RSA fund V with N221.18 million, with a near negligible mathematical representation of 0.00%

Previous Post

Risks Trove: Universal Insurance Rebounds At Brokers Hub

Next Post

Universal Insurance Ticks Brokers As Stakeholders For Exploits And Growth

Staff Reporter

Staff Reporter

Related Posts

Leadway Pensure PFA , MD Lanre Idris, Honoured At The 2023 West Africa Innovation Awards
Pension

Leadway Pensure PFA , MD Lanre Idris, Honoured At The 2023 West Africa Innovation Awards

October 28, 2023
Image Spin: Insurance, Pension & Stakeholders Bare Minds At NAIPE 8th Confab
Insurance

Finance Expert Urges Govt To Position Pension & Insurance Sectors For Economic Development With Conducive Policies

September 18, 2023
NLC, Pensioners Surround FG With Persisting Retirees Hiccups Want Integrated Improved Welfare
Pension

NLC, Pensioners Surround FG With Persisting Retirees Hiccups Want Integrated Improved Welfare

September 11, 2023
Next Post
Universal Insurance Ticks Brokers As Stakeholders For Exploits And Growth

Universal Insurance Ticks Brokers As Stakeholders For Exploits And Growth

Please login to join discussion
NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
ILAN Picture

Loss Adjusters Receive Charge To Match Speed Of New Developments

September 23, 2023
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
NCRIB And Universal In Pictures

NCRIB And Universal In Pictures

June 7, 2023
Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

April 13, 2021
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
PenCom Approves Mrs Okwuosa New Access Pension Fund Custodian MD

PenCom Board Back-To-Work Pass, Gets Tick Over

February 1, 2021
ILAN Picture

Loss Adjusters Receive Charge To Match Speed Of New Developments

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Federal Government & NAICOM Working On New Guidelines For Insuring Government Assets

2
Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Inaugurates Discount Rate Committee To Ease Insurance Contracts Under IFRS 17

2
Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

2
Regulators Clear Guinea Insurance  For Private Placement

Regulators Clear Guinea Insurance For Private Placement

2
Insurance Mastercard Joe Irukwu Passes On

Insurance Mastercard Joe Irukwu Passes On

2
AIICO Head office

Car Insurance Takes A New Turn With AIICO, ETAP ‘Redefine Partnership’

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

2
AIICO Seeks NSE’s Nod To Conduct  Rights Issue

AIICO Seeks NSE’s Nod To Conduct Rights Issue

0
Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

December 6, 2023
Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

December 5, 2023
Heirs Insurance Group Makes Uninterrupted 24hr Passport Production Possible In Lagos   

Heirs Insurance Group Makes Uninterrupted 24hr Passport Production Possible In Lagos  

December 5, 2023
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Claims Pump Diameter Enlarges, But NAICOM Wants More Enlarged, Viscous Pay

December 5, 2023
NAICOM Head office

Insurers Market Makes Home Stretch For N1tr Mark Gross Premium

December 1, 2023
Coronation Insurance Doubles Down That Insurance Is Key To Business Success

Coronation Insurance Doubles Down That Insurance Is Key To Business Success

December 1, 2023
Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

December 1, 2023
logo of the chartered insurance institute of nigeria CIIN logo

CIIN Sets The Stage For April 2024 Professional Examinations, Opens Registration

December 1, 2023
VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

November 21, 2023
Global Trade Credit Premium Volume Reaches USD 13.89 bn

Global Trade Credit Premium Volume Reaches USD 13.89 bn

November 17, 2023
ADVERTISEMENT

Recent News

Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

December 6, 2023
Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

December 5, 2023
Heirs Insurance Group Makes Uninterrupted 24hr Passport Production Possible In Lagos   

Heirs Insurance Group Makes Uninterrupted 24hr Passport Production Possible In Lagos  

December 5, 2023
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Claims Pump Diameter Enlarges, But NAICOM Wants More Enlarged, Viscous Pay

December 5, 2023
NAICOM Head office

Insurers Market Makes Home Stretch For N1tr Mark Gross Premium

December 1, 2023
Coronation Insurance Doubles Down That Insurance Is Key To Business Success

Coronation Insurance Doubles Down That Insurance Is Key To Business Success

December 1, 2023
Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

Debt-Distressed Countries More Likely To Turn To Riskier Bailout Options – WTW

December 1, 2023
logo of the chartered insurance institute of nigeria CIIN logo

CIIN Sets The Stage For April 2024 Professional Examinations, Opens Registration

December 1, 2023
VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

VIEW: On Corporate Governance As An Organisation’s ‘Guiding Star’

November 21, 2023
Global Trade Credit Premium Volume Reaches USD 13.89 bn

Global Trade Credit Premium Volume Reaches USD 13.89 bn

November 17, 2023
NAICOM Upturns Compulsory Insurance For Federal And State Governments

NAICOM Upturns Compulsory Insurance For Federal And State Governments

November 18, 2023
Basic Knowledge of Health Insurance Transforms Lives, Deflates Dependency And Debt – Coronation Life

Basic Knowledge of Health Insurance Transforms Lives, Deflates Dependency And Debt – Coronation Life

November 15, 2023
Coronation Life Xray’s Critical Illness Insurance, Clears Affordability Doubt

Coronation Life Xray’s Critical Illness Insurance, Clears Affordability Doubt

November 15, 2023
Outstanding Claims Publication, NIA Portal Route Supersedes, Media Outlets Follow

Outstanding Claims Publication, NIA Portal Route Supersedes, Media Outlets Follow

November 13, 2023
NEM Insurance NEM Insurance NEM Insurance
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel

Recent News

Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

Business Success In Challenging Environment Hinges On Insurance Embrace – Experts

December 6, 2023
Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

Coronation Insurance Reshapes, Sets Insurance As Strong Enough To Keep Businesses From Falling

December 5, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In