Nigeria Police Force Pensions Tops PFA Performance in September 2025 as Pension Industry Records Solid Gains

Nigeria’s pension industry saw a notable rebound in September 2025, as Pension Fund Administrators (PFAs) delivered impressive returns across all Retirement Savings Account (RSA) funds. Data from Nairametrics Research shows that the average industry return rose to 1.24% in September, up from 0.40% in August, signaling renewed investor confidence and improved portfolio management strategies by PFAs.

Leading the pack was Nigeria Police Force Pensions Limited, which achieved an outstanding average return of 2.25%, followed by Pensions Alliance Limited at 1.50% and Crusader Sterling Pensions Limited at 1.37%. These top performers strengthened their reputation for delivering consistent and above-average growth, boosting confidence among contributors looking for reliable long-term savings growth.

Breaking down performance by fund type, RSA Fund IV—the conservative fund for retirees—recorded the strongest average growth of 1.32%, while RSA Fund II, the default fund for most contributors, posted the lowest return at 1.09%. RSA Fund I (younger contributors) and RSA Fund III (pre-retirees) returned 1.26% and 1.27% respectively, reflecting varying risk appetites and market exposure strategies among PFAs.

A closer look at the top-performing PFAs shows Nigeria Police Force Pensions leading across every RSA fund category, with Fund I growing 2.78%, Fund II at 2.32%, Fund III at 1.90%, and Fund IV at 1.98%. Other notable performers include CardinalStone Pensions, OAK Pensions Limited, and Veritas Glanvills Pensions Limited, all recording above-average growth in key fund segments. Nigerian University Pension Management Company, however, recorded the lowest return of 0.70% for the month.

Analysts attribute the overall industry growth to a combination of stable bond yields, mild equity recovery in the Nigerian Stock Exchange (NGX-ASI rose 1.72% in September), and proactive portfolio rebalancing by PFAs. The consistent performance of top PFAs, particularly Nigeria Police Force Pensions, underscores the importance of diversification and strategic asset allocation in achieving long-term stability and returns for pension contributors.

source: Nairametrics