Fund types for everyone
Multi-Fund structure is a framework that aims to match your age and risk profile to one of four distinct RSA funds – i.e. three RSA Fund types for active contributors and one Retiree Fund for retired contributors. Additionally, two other funds exist to cater to the Micro pension contributors (Fund V) and the Non interest fund contributors (Fund VI)
Fund I
Only on request but NOT accessible to Retirees and active contributors of 50 years and above.
Exposure to Variable Investment Instruments
75%
Annual Rate of Return (ARR)
3 years rolling average(3YRA)
Asset Based Fee Effective 01/01/2020
2.025%
Administrative Fee
Administrative fee of N100 per month per employee for the Retirement Savings Account fund.
Fund II
Default fund for RSA holders of 49 years and below.
Exposure to Variable Investment Instruments
55%
Annual Rate of Return (ARR)
3 years rolling average(3YRA)
Asset Based Fee Effective 01/01/2020
1.65%
Administrative Fee
Administrative fee of N100 per month per employee for the Retirement Savings Account fund.
Fund III
Default fund for RSA holders of 50 years and above.
Exposure to Variable Investment Instruments
20%
Annual Rate of Return (ARR)
3 years rolling average(3YRA)
Asset Based Fee Effective 01/01/2020
1.50%
Administrative Fee
Administrative fee of N100 per month per employee for the Retirement Savings Account fund.
Fund IV
Only for Retirees
Exposure to Variable Investment Instruments
10%
Annual Rate of Return (ARR)
3 years rolling average(3YRA)
Income Based Fee Effective 01/01/2020
7.50%
Administrative Fee
Administrative fee of N100 per month per employee for the Retirement Savings Account fund.
Fund V
Only for Micro Pension Fund
Exposure to Variable Investment Instruments
5%
Annual Rate of Return (ARR)
3 years rolling average(3YRA)
Income Based Fee Effective 01/01/2020
1.00%
Administrative Fee
Administrative fee of N80 (for monthly remittances above 4000) and 20 naira (for monthly remittances less than 4000) per month per contributor for the Micro Pension Fund.
Fund VI Active
Only for Non-Interest Fund
Exposure to Variable Investment Instruments
55%
Annual Rate of Return (ARR)
3 years rolling average(3YRA)
Income Based Fee Effective 01/01/2020
1.65%
Administrative Fee
Administrative fee of N100 per month per employee for the Retirement Savings Account fund
Fund VI Retiree
Only for Non-Interest Fund
Exposure to Variable Investment Instruments
55%
Annual Rate of Return (ARR)
3 years rolling average(3YRA)
Income Based Fee Effective 01/01/2020
7.50%
Administrative Fee
Administrative fee of N100 per month per employee for the Retirement Savings Account fund
Features of the Fund Types
| Fund Type | Exposure to Variable Investment Instruments | Membership |
|---|---|---|
| Fund I | 75% of Portfolio | Only on request but NOT accessible to Retirees and active contributors of 50 years and above. |
| Fund II | 55% of Portfolio | Default fund for RSA holders of 49 years and below |
| Fund III | 20% of Portfolio | Default fund for RSA holders of 50 years and above |
| Fund IV | 10% of Portfolio | Only for Retirees |
| Fund V | 5% of Portfolio | Strictly for contributors under the Micro Pension Scheme |
| Fund VI (Active & Retiree) | 55% of Portfolio | Contributors who chose to have their pension contributions in Non- Interest Money and Capital Market Products |
Personalized retirement plans for everyone
We have a plethora of options to suit every retirement lifestyle. Walk Into Tomorrow to plan your desired retirement lifestyle today.