Lagos, Nigeria, August 7, 2025
FCMB Pensions Limited has emerged as the best-performing Pension Fund Administrator (PFA) in July 2025, recording a remarkable 5.68% average monthly return, according to the latest industry data released by Nairametrics.
The company led a strong month for Nigeria’s pension industry, where all 18 PFAs posted positive returns across all categories of Retirement Savings Account (RSA) funds.
Strong Industry-Wide Performance
The pension sector as a whole recorded robust growth in July, achieving an industry-wide average return of 4.20%. The performance was driven by gains across fixed-income and equity markets, as well as strategic asset allocation by fund managers.
RSA Fund Performance Highlights
RSA Fund I (Aggressive Growth, for active contributors)
Industry average: 6.30%
Top performers: Trustfund Pensions (9.37%), Tangerine Apt Pensions (9.10%), FCMB Pensions (8.90%)
RSA Fund II (Default fund for contributors under 50)
Industry average: 5.33%
Top performers: FCMB Pensions (7.29%), Pensions Alliance (7.28%), Crusader Sterling Pensions (6.89%)
RSA Fund III (For pre-retirees)
Industry average: 3.18%
Top performers: Crusader Sterling Pensions (5.32%), FCMB Pensions (4.23%), Pensions Alliance (3.95%)
RSA Fund IV (For retirees)
Industry average: 1.99%
Top performers: Crusader Sterling Pensions (2.88%), Trustfund Pensions (2.58%), AccessARM Pensions (2.48%)
Growing Pension Assets
As of June 2025, Nigeria’s total pension assets climbed to ₦24.63 trillion, reflecting consistent growth and increased confidence in the pension system. The majority of these assets remain invested in Federal Government of Nigeria (FGN) securities, providing stability while allowing for moderate risk diversification.
Outlook
With July marking a month of across-the-board gains for PFAs, the outlook for the remainder of 2025 appears positive. Market analysts attribute the strong performance to easing inflation, favorable government bond yields, and improved investor sentiment in the Nigerian capital markets.
