FCMB Pensions Limited Tops Nigerian Pension Fund Performance with 5.68% Return in July 2025
Nigeria’s pension industry demonstrated resilience in July 2025, delivering positive returns across all Retirement Savings Account (RSA) fund categories despite challenging macroeconomic conditions. Data from Nairametrics Research showed all 18 Pension Fund Administrators (PFAs) recorded gains, with FCMB Pensions Limited leading the pack by posting the highest average monthly return of 5.68%. This strong performance was reflected across all RSA fund types, reinforcing confidence in the country’s contributory pension scheme.
Among the four RSA fund categories, RSA Fund I, characterized by high risk and potential high returns, delivered the strongest average return of 6.30%, fueled by higher exposure to variable income assets. RSA Fund II, the default fund for contributors under 50, followed with a 5.33% return. More conservative funds, RSA Fund III and IV, which cater to pre-retirees and retirees respectively, posted lower but steady returns of 2.06% and 1.47%, consistent with their risk profiles.
Several PFAs stood out for their performance beyond FCMB Pensions Limited. Pensions Alliance Limited and Trustfund Pensions Plc recorded impressive returns, particularly in the higher-risk RSA Fund I, with gains reaching up to 9.37%. Other top performers included Crusader Sterling Pensions Limited, Tangerine Apt Pensions, and AccessARM, which all posted solid monthly gains across various RSA categories.
In terms of assets, Nigeria’s pension funds collectively hit N24.63 trillion in June 2025, a 2.17% increase from the previous month. The portfolio remains heavily weighted toward Federal Government of Nigeria (FGN) securities, which account for over 61% of assets. Equities and corporate debt securities also contributed significantly, highlighting diversification efforts amid changing market conditions.
RSA registrations continue to grow steadily, with 10.79 million contributors as of June 2025. The largest share of assets remains in RSA Fund II, reflecting its status as the default fund for active contributors. Meanwhile, the pre-retirement and retirement funds, RSA III and IV, are expanding moderately, signaling increasing retirement preparedness among Nigerian workers.
Source: Nairametrics