Multifund Information
The Multi-Fund structure is a framework that aims to ensure RSA Funds are managed according to the age and risk profile of RSA holders.
Some of the benefits
Safety
Stanbic IBTC Pension Managers Limited is backed by strong and reputable financial institutions
Convenience
Ease of Account Access via Internet, telephone, e-mail and SMS, as well as ease of retirement pay-outs
Track Record
The Stanbic IBTC Group has been managing funds for companies and individuals for over 2 decades
Returns
Enjoy good and competitive returns on your pension investment
What Should I Know
- The Multifund Structure provides an opportunity to select how your pension funds are invested
- Active Contributors can move across Funds on request once a year at no cost and subject to eligibility
- Further movements within the a calendar year would be charged to the Retirement Savings Account (RSA)
RSA Fund I
- It is an aggressive Fund with the principal purpose of maximizing returns on investment
- Up to 95% of your pension funds can be invested in variable income instruments
- For active contributors that are 49 years and below
- Clients are eligible to switch to Fund II or Fund III (once they attain the age of 50)
RSA Fund II
- It is a balanced Fund with the intention of capital preservation while pursuing long-term sustainable returns.
- Up to 75% of your pension funds can be invested in variable income instruments.
- Default funds for active contributors who are 49 year and below
- Active contributors who are 49 years and below can switch to Fund 1 on request
RSA Fund III
- It is a conservative fund with the primary intention of capital preservation
- Up to 20% of your pension funds can be invested in variable income instruments
- Default Fund for active clients who are 50 years and above
- Active contributors in this fund can switch to Fund II on request
RSA Fund IV
- It is an ultra-conservative Fund
- Up to 10% of your pension funds can be invested in variable income instruments.
- Fund is Strictly for retirees
- Participants in this Fund can move only to RSA Fund VI Retiree (Shariah compliant Retiree Fund)
RSA Fund V
- This fund is designed for active contributors in the informal sector such as self-employed individuals & employees in the formal sector who are mandatorily covered under the Contributory Pension Scheme but who may wish to make additional flexible contributions outside the mandatory scheme (voluntary contributions).
- Fund V is now designated as Personal Pension Plan (PPP) and further divided into two categories: a Conservative Fund (Fund V – Conservative) and a Growth Fund (Fund V – Growth).
- For Conservative Fund, up to 5% of your pension funds can be invested in variable income instruments; For Growth Fund, up to 45% of your pension funds can be invested in variable income instruments.
RSA Fund VI
- For Active Fund, up to 75% of your pension funds can be invested in variable income instruments.
- For Retiree Fund, up to 10% of your pension funds can be invested in variable income instruments.
RSA Fund VII
• The Fund VII is designated to eligible contributors, including Nigerians in diaspora and resident Nigerians earning in foreign currency.
• RSA holders can make daily, weekly, or monthly pension contributions at a frequency that aligns with their earning structure.
• Contributions shall be in foreign currency (USD) – Investments are also made in USD-denominated assets.
• Up to 30% of your pension funds can be invested in variable income instruments.
• A maximum of 60% can be withdrawn for contingent purposes while 40% will be set aside as retirement savings
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What Should I Know
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RSA Fund I
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RSA Fund II
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RSA Fund III
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RSA Fund IV
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RSA Fund V
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RSA Fund VI
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RSA Fund VII
- The Multifund Structure provides an opportunity to select how your pension funds are invested
- Active Contributors can move across Funds on request once a year at no cost and subject to eligibility
- Further movements within the a calendar year would be charged to the Retirement Savings Account (RSA)
- It is an aggressive Fund with the principal purpose of maximizing returns on investment
- Up to 95% of your pension funds can be invested in variable income instruments
- For active contributors that are 49 years and below
- Clients are eligible to switch to Fund II or Fund III (once they attain the age of 50)
- It is a balanced Fund with the intention of capital preservation while pursuing long-term sustainable returns.
- Up to 75% of your pension funds can be invested in variable income instruments.
- Default funds for active contributors who are 49 year and below
- Active contributors who are 49 years and below can switch to Fund 1 on request
- It is a conservative fund with the primary intention of capital preservation
- Up to 20% of your pension funds can be invested in variable income instruments
- Default Fund for active clients who are 50 years and above
- Active contributors in this fund can switch to Fund II on request
- It is an ultra-conservative Fund
- Up to 10% of your pension funds can be invested in variable income instruments.
- Fund is Strictly for retirees
- Participants in this Fund can move only to RSA Fund VI Retiree (Shariah compliant Retiree Fund)
- This fund is designed for active contributors in the informal sector such as self-employed individuals & employees in the formal sector who are mandatorily covered under the Contributory Pension Scheme but who may wish to make additional flexible contributions outside the mandatory scheme (voluntary contributions).
- Fund V is now designated as Personal Pension Plan (PPP) and further divided into two categories: a Conservative Fund (Fund V – Conservative) and a Growth Fund (Fund V – Growth).
- For Conservative Fund, up to 5% of your pension funds can be invested in variable income instruments; For Growth Fund, up to 45% of your pension funds can be invested in variable income instruments.
- For Active Fund, up to 75% of your pension funds can be invested in variable income instruments.
- For Retiree Fund, up to 10% of your pension funds can be invested in variable income instruments.
• The Fund VII is designated to eligible contributors, including Nigerians in diaspora and resident Nigerians earning in foreign currency.
• RSA holders can make daily, weekly, or monthly pension contributions at a frequency that aligns with their earning structure.
• Contributions shall be in foreign currency (USD) – Investments are also made in USD-denominated assets.
• Up to 30% of your pension funds can be invested in variable income instruments.
• A maximum of 60% can be withdrawn for contingent purposes while 40% will be set aside as retirement savings