▪ This window had not been opened in previous years because the commission had been working on modalities that would allow seamless transfer of funds.
▪ The commencement of the Data Recapture exercise and the activation of a new platform; the Enhanced Contribution Registration System (ECRS), formed part of the build up to the kick off of the Retirement Savings Account Transfer System (RTS), popularly referred to as ‘The Transfer Window’.
▪ The transfer window is open!
▪ The National Pension Commission (PenCom) launched the RTS on Monday, November 16, 2020.
The Asset Mgt. Fees charged to the portfolio are as follows:
|
ASSET MGT FEES |
FUNDS |
PFA |
PFC |
PENCOM |
|
I |
1.5% |
0.3% |
0.225% |
|
|
II |
1.2% |
0.25% |
0.2% |
|
|
III |
1.1% |
0.225% |
0.175% |
|
|
IV |
5.0% |
1.5% |
1.0% |
|
|
V |
0.00% |
0.00% |
0.00% |
|
|
Note:- The fees charged on Fund I, II and III are Asset Based per annum, while Fund IV is Income Based per annum. |
||||
Administrative Fees
|
FUND I |
FUND II |
FUND III |
FUND IV |
FUND V |
|
N100 |
N100 |
N100 |
N50 |
N80 (Above N4,000 contr.) |
|
N20 (Less than N4,000 contr.) |
Rolling Rate of Returns
|
FUND 1 |
FUND II |
FUND III |
FUND IV |
|
|
2018 |
3.62% |
14.00% |
3.79% |
12.60% |
|
2019 |
8.16% |
9.25% |
12.49% |
10.65% |
|
3 Years Rolling Average (2019) |
13.18% |
13.91% |
||
|
2 Years Rolling Average (2018) |
15.14% |
15.54% |
ASSET CLASS
|
FUND |
INSTRUMENTS |
27-09-2021 |
28-09-2021 |
29-09-2021 |
30-09-2021 |
|
I |
MONEY MARKET |
8.01% |
8.02% |
8.01% |
8.01% |
|
I |
QUOTED EQUITIES |
15.12% |
15.07% |
15.13% |
15.12% |
|
I |
GOVT BOND |
78.41% |
78.47% |
78.35% |
78.37% |
|
I |
CORP BOND |
- |
- |
- |
|
|
I |
CASH ON CALL |
0.17% |
0.17% |
0.25% |
0.25% |
|
100.00% |
100.00% |
101.74% |
100.00% |
||
|
FUND |
INSTRUMENTS |
27-09-2021 |
28-09-2021 |
29-09-2021 |
30-09-2021 |
|
II |
MONEY MARKET |
11.09% |
12.08% |
12.08% |
12.06% |
|
II |
QUOTED EQUITIES |
7.78% |
8.01% |
8.01% |
8.08% |
|
II |
INFRASTRUCTURAL FUND |
2.78% |
2.76% |
2.76% |
2.75% |
|
II |
GOVT BOND |
74.28% |
73.78% |
73.78% |
73.62% |
|
II |
CORP BOND |
2.96% |
2.80% |
2.80% |
2.80% |
|
II |
CASH ON CALL |
1.33% |
0.65% |
0.65% |
0.79% |
|
100% |
100% |
100% |
100% |
||
|
FUND |
INSTRUMENTS |
27-09-2021 |
28-09-2021 |
29-09-2021 |
30-09-2021 |
|
III |
MONEY MARKET |
15.50% |
15.50% |
15.49% |
15.49% |
|
III |
QUOTED EQUITIES |
6.69% |
6.69% |
6.76% |
6.82% |
|
III |
GOVT BOND |
67.27% |
67.27% |
67.22% |
67.14% |
|
III |
CORP BOND |
10.41% |
10.41% |
10.40% |
10.40% |
|
III |
CASH ON CALL |
0.44% |
0.44% |
0.44% |
0.46% |
|
100% |
100% |
100% |
100% |
||
|
FUND |
INSTRUMENTS |
27-09-2021 |
28-09-2021 |
29-09-2021 |
30-09-2021 |
|
IV |
MONEY MARKET |
24.72% |
24.72% |
24.00% |
24.00% |
|
IV |
QUOTED EQUITIES |
- |
- |
- |
|
|
IV |
GOVT BOND |
70.00% |
70.00% |
71.00% |
71.08% |
|
IV |
CORP BOND |
- |
- |
- |
|
|
IV |
CASH ON CALL |
4.80% |
4.86% |
4.70% |
4.71% |
|
100% |
100% |
100% |
100% |
12A Adeola Hopewell Street
Victoria Island, Lagos
Mobolaji Onibiyo
0803 429 7472
monibiyo@radixpension.com
89 Allen Avenue
Ikeja,Lagos
Olaotan Esho
09033972022
oesho@radixpension.com
Israel Plaza, Adetokunbo Ademola Crescent,
Plot 1077, Nitel Junction, Wuse II
Abuja, FCT
Abdullahi Lawan
08032988302
alawan@radixpension.com
10 Maryam Babangida Way,
Opposite (SUBEB)
Asaba, Delta
enwaofunne@radixpension.com
