Glass Suite

Best Pension Companies In Nigeria

Best Pension Companies in Nigeria

Best Pension Companies in Nigeria

Best Pension Companies in Nigeria, you know there are lots of companies around and Glass Suite provides you with a list of the top 10 in the country. Note: Pension is important to every working individual,

as it is a fund into which a sum of money is added during an employee’s employment years and from which payments are drawn to support the person’s retirement from work in the form of periodic payments.

Best Pension Companies In Nigeria

ARM Pension Manager

Looking for the Best Pension Companies in Nigeria? ARM Pension Managers (PFA) Ltd is one of the first seven Pension Fund Administrators (PFA) granted a license by the National Pension Commission in December 2005.

It is part of the Asset & Resource Management Company Limited (ARM) Group, one of Nigeria’s most prominent and respected financial service brands.

The company’s chairman is Emmanuel Ikazoboh alongside a team of highly experienced professionals. ARM was established in 1994 and has grown over the years to become one of the leading investment management firms in the country.

The company has a successful track record of protecting and growing investments including authorized payments of over N1.2 billion since its inception.

AXA Mansard Pensions Ltd

AXA Mansard Pensions Limited was incorporated in 2006 as Penman Pension Limited. In the last quarter of 2014, Mansard Insurance plc,

a leading Nigerian Insurance company acquired a majority interest in Penman Pensions, thereby becoming the majority shareholder with a view to repositioning and transforming the Company.

Their pension fund is quite robust and you can choose any of the packages depending on your need. As an employer, you can register all your employees with AXA Mansard.

And as an individual; you can open a retirement savings account with the company. However, if you’d like to increase your retirement savings, you can include the voluntary contribution option.

Best Pension Companies in Nigeria AXA Mansard Pensions is licensed to operate as a Pension Fund Administrator to both Private and Public sector employees, while also offering pension advisory, investment, and consultancy services.

The company has maintained a top 5 industry position on Return on Investment in the last 4 years as of December 2014 (Audited).

Crusader Sterling Pensions Ltd

Best Pension Companies in Nigeria, Crusader Sterling Pensions Limited is one of the leading Pension Fund Administrators (PFA) in Nigeria.

It was incorporated on the 12th of October, 2004. The company was licensed and is supervised by the National Pension Commission.

Their PFA is owned by Institutional Investors which include: Custodian Investment Plc, Sterling Asset Management Ltd, Custodian Trustees Limited, WSTC Financial Services Limited, and Ideal Insurance Brokers Limited.

Before the new pension scheme, their parent company had a pedigree of managing pensions for over 74 years. They also counsel their customers on the best retirement savings account which could either be an annuity or programmed withdrawal.

Oak Pensions

The best Pension Companies in Nigeria, Oak Pensions represents a culture of Professionalism, Team Spirit, Integrity, Innovation, and Customer Service.

We have a combined experience of over 100 years of Shareholders and Management in Pension Funds Administration, an enviable track record combined with credibility, a sound pedigree in investment and asset management, and a strong financial base.

Best Pension Companies in Nigeria, Oak Pensions Limited is a Pension Fund Administrator (PFA) incorporated on the 30th of March 2006, and licensed by the National Pension Commission (PenCom) on the 14th of November 2006,

to manage the Retirement Savings Account (RSA) and Retirement Benefit Schemes of employees of both government and private organizations in Nigeria.

Oak Pensions applies modern information technology to the management, operation, and investment of pension funds for optimal yield to contributors.

NLPC Pension Fund Administrator

Best Pension Companies in Nigeria NLPC Pension Fund Administrators Limited (NLPC PFA) is the home of tested, trusted, and effective pension fund administration in Nigeria.

Licensed to administer pensions and pay retirement benefits in accordance with the Pension Reform Act 2014.

NLPC has offices across the nation and our Shareholders’ Fund is above the minimum N1 billion un-impaired capital requirement in the industry. Corporate interests account for 59% of ownership, while private individual investors retain 41%.

Lead Way Pensure

Lead Way Pensure is another top pension fund administrator. They offer a wider range of retirement support services to their numerous customers.

They are licensed by the National Pension Commission, Lead Way Pensure currently has one of the largest customer bases in Nigeria.

Apart from the unique pensions fund administration, Lead Way is known as one of the best places for employees because they don’t just invest in retirement funds, they also invest in their staff.

VGP Pensions Limited

Formally called FUG Pension is on the list of Best Pension Companies in Nigeria, which was licensed by the National Pension Commission in 2007, VGP Pensions is known for its efficient service delivery.

Their office is located at 26 Commercial Avenue, Sabo, Yaba however, they operate from 6 regional offices across the country.

Also, they have an authorized and paid-up share capital of about N1.5 billion and they are known for their enviable track record in the industry and sound pedigree in investment.

Fidelity Pension Managers Limited

Best Pension Companies in Nigeria Fidelity Pension Managers Limited is one of the best, which was incorporated on September 22, 2004, as Alliance Management Limited.

The name of the Company was changed on March 30, 2007, to reflect the nature of our business as a pension administrator further to obtaining a license as an administrator from the National Pension Commission and also to identify with the Fidelity brand at the time.

In compliance with, and in excess of the minimum share capital requirement for pension funds administrators of N1 Billion, their authorized and paid-up share capital is N2 Billion.

Fidelity Pension Managers Limited is a pension fund administrator in Nigeria that has been recognized globally as the best PFA in the country.

They have a mobile app from which you can oversee your pension account and make the necessary inquiries. You can also use this app to calculate how much your expected pension will be.

And if this amount doesn’t align with your retirement goals, you can include a monthly voluntary contribution to your existing pension plan.

If in the course of your working years, you inexplicably lose your job, Fidelity Pension Managers will provide you with a fraction of your savings to assist you while you search for another job.

Stanbic IBTC Pension Managers

Stanbic IBTC Pension Managers was incorporated in 2004 as a subsidiary of Stanbic IBTC Bank. Best pension companies in Nigeria the company has an authorized paid-up capital of N1 billion.

They have a proven track record in money management and the protection of customers’ wealth. As a matter of fact, the parent company of Stanbic IBTC Pension Managers is over 150 years.

Sigma Pensions

Last on the list of Best Pension Companies in Nigeria is Sigma Pensions Limited commenced operations on the 8th of December 2005 as a licensed pension fund administrator (PFA) following the establishment of the contributory pension scheme in 2004.

Since then, assets under management have risen to N467 billion for more than 750,000 registered contributors as of the end of September 2020.


Note: There are other amazing pension managers in the country, but for the record, these pension managers listed here in Glass Suite have made big names and are also prolific. They are the top-ranked Pension manager in the country.

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