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Frequently Asked Questions

Multifund Information

Multifund Information Banner

The Multi-Fund structure is a framework that aims to align the age and risk profile of RSA holders by dividing the RSA Fund into four distinct Funds.

 

 

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 to the investment
  • Between 20% to 75% of your pension funds would be invested in variable income instruments
  • Between 20% and 80% of your pension funds would be invested in fixed 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 fair returns in the long run
  • Between 10% and 55% of your pension funds can be invested in variable income instrument
  • 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
  • Between 5% and 20% of your pension funds would 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 are not eligible to move to any other Fund
RSA Fund V
  • This fund is designed for active contributors in the informal space such as self -employed individuals.
  • The Contributions are flexible and can be paid daily, weekly, monthly or quarterly.
  • A maximum of 40% can be withdrawn for contingent purposes while 60% will be set aside as retirement savings.
  • Contributors in this fund can move to Funds I, II and III should they become employed in the formal sector
RSA Fund VI
  • This fund is designed for any active contributor who prefers his/her retirement savings to be invested in ethical, non-interest-bearing instruments
  • Contributions invested in this fund are not invested in the following: production or trading of alcohol, gambling or betting or interest earning ventures which are non-complaints with shariah practices. 
  • 55% of investment portfolio will be invested in sharia compliant income instruments.
  • You can click here to read more
  • What Should I Know
  • RSA Fund I
  • RSA Fund II
  • RSA Fund III
  • RSA Fund IV
  • RSA Fund V
  • RSA Fund VI
  • 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 to the investment
  • Between 20% to 75% of your pension funds would be invested in variable income instruments
  • Between 20% and 80% of your pension funds would be invested in fixed 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 fair returns in the long run
  • Between 10% and 55% of your pension funds can be invested in variable income instrument
  • 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
  • Between 5% and 20% of your pension funds would 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 are not eligible to move to any other Fund
  • This fund is designed for active contributors in the informal space such as self -employed individuals.
  • The Contributions are flexible and can be paid daily, weekly, monthly or quarterly.
  • A maximum of 40% can be withdrawn for contingent purposes while 60% will be set aside as retirement savings.
  • Contributors in this fund can move to Funds I, II and III should they become employed in the formal sector
  • This fund is designed for any active contributor who prefers his/her retirement savings to be invested in ethical, non-interest-bearing instruments
  • Contributions invested in this fund are not invested in the following: production or trading of alcohol, gambling or betting or interest earning ventures which are non-complaints with shariah practices. 
  • 55% of investment portfolio will be invested in sharia compliant income instruments.
  • You can click here to read more