Top 10 Pension Administrators In Nigeria

In this post, we will review the Top 10 Pension Administrators in Nigeria. Theses are licensed pension fund administrators and custodians in Nigeria. They perform the task of pension administration in Nigeria.

Working class people, civil servants and other employees set aside certain sum of money called pension which they will fall back upon when they retire.

Therefore, they need professionals to assist them to save their funds  and also, make the funds available for them to use in retirement.

Read Also: Challenges of Pension Administration in Nigeria

Top 10 Pension Administrators in Nigeria
Pension Administrators in Nigeria – Photo Source:

These  licensed professionals are called pension administrators. The pension administrations are empowered by the Pension Act  of 2004 to assist workers and employers to manage their pension funds properly.

The Pension Act was enacted in 2004 as a contributory scheme which   encouraged  workers and employees to determine their fate and future by deciding what level of pension they would want to retire on.

The Contributory Pension Scheme requires pension funds to be privately managed exclusively by licensed Pension Fund Administrators

The main functions of the PFA are:

a. To open Retirement Savings Account (RSA) for employees;

b. Invest and manage pension fund assets;

c. payment of retirement benefits

d. Accounting for all transactions relating to the pension funds under their management.

e. In this article, we will list the top pension administrators in Nigeria and their directory.

Top 10 Pension Administrators in Nigeria

1. ARM Pensions Manager

Arm & Resources Management Company (ARM) Limited is a leading pension firm in the country that started  in 2005. They have  highly experienced professionals that would put you through on any pension plan you want. The company also has a successful record of protecting and growing investments management firms in the country.

2. AXA Mansard Pensions Ltd

AXA Mansard is another top pension fund managers in the country. As an employer, you could register all your employees with AXA Mansard.

Individuals can open retirement savings account with them. The pension  package is regarded as one of the best with various packages depending on your need. For retirement goals, the voluntary contribution package is the right option for you.

3. Crusaders Sterling Pensions Ltd

Crusaders Sterling Pensions Ltd is one of the top  and reliable pension fund administrators in  Nigeria  today.  In 2014, the company was  voted and selected as the best performing pension fund administrator in Nigeria  having positive rating on returns on investment (ROI).

4. Oak Pensions

Oak Pensions was established by the Pension Reforms Act of 2014. They have since emerged as a solid and reliable  pension company  They give  the following products to their customers which are

a. Retirement Savings Account

b. Defined Benefit Scheme Management

c. Voluntary contribution

d. Retirement Planning & Advisory Services

They make use of modern information technology to their management, operation and investment of pension funds.

5. NLPC Pension Fund Administrator

NLPC PFA  was Incorporated in 2005 but started operating  as a licenced pension fund administrator in 2006.They have offices nationwide.

6. LeadWay Pension

LeadWay Pension offer a wider range of customer friendly retirement support services  to their numerous customers and currently have one of the largest customer base in Nigeria. LeadWay   also offer unique pensions fund administration for their staff.

7. FUG Pensions Limited

They  started operating as a fully licensed pension funds administrator after getting  the approval of the National Pension Commission in 2007.

They have an authorized and paid up share capital of N1.5 billion with an enviable track record in the industry providing sound investment for retirement funds.

8. Fidelity Pension Managers Limited

Fidelity Pension Managers Limited has been recognized globally as the best PFA in Nigeria. You can use their mobile app to keep track of your pension account easily, set retirement goals adding a monthly voluntary contribution to your existing pension plan.

One unique benefit of using this pension provider is that when you use your job during your active years, they will provide you with a fraction of your savings to assist you till you get a new job.

9. Stanbic IBTC Pension Managers

Stanbic IBTC Pension Managers is a pension provider used virtually by most top organizations in Nigeria. They have been in the business  for close to 150 years. They were incorporated in 2004 as a subsidiary of Stanbic IBTC Bank. The company has since paid an authorized capital of N1 billion.

They also have a   track record in money management and protection of customer’s wealth.

Read Also: Deposit Insurance Corporation (NDIC)

10. Sigma Pensions

It was registered in 2004 and given license to operate as a PFA in 2005. They also offer retirement benefits, fund management and pension advisory services.

At present, they have over 600 000 customers on their data base which should increase due to their customer friendly pension scheme which include:

a. RSA Fund Management

b. Retirees Fund Management

c. Definite Benefit Scheme Management

d. Voluntary Savings

e. Pension Payroll

Directory of the Top  Pension Managers in Nigeria:

1. AIICO Pension Managers Limited

Mr. Eguarekhide Longe : The MD

Plot 2, Oba Akran Avenue



+234 8157306868-MD

+234 1 2624667

+234 1 2625003

+234 1 2624174 (Fax)




2. ARM Pension Managers Limited

Mr.Wale Odutola : The MD

No. 5, Mekunwen Road

Off Oyinkan Drive



+234 8033048473-MD

+234 1 2715005

+234 1 2692097

+234 1 7737432

+234 1 2715061



3. APT Pension Fund Managers Limited

Dr. Al-Mujtaba Abubakar Gummi: The MD

Plot 266 Cadastral AO

Central Business District



+234 8033146939-MD

+234 8077090000

+234 9 4614400-29

+234 9 2340096 (Fax)



4. AXA Masard Pension Limited

Dapo Akinsanya :The MD/CEO

No 21B, Olosa Street

Victoria Island


+2348034881902 – MD

+234 1 4609780 – 9

+234 1 4619700 – 9

E-Mail: MD


5. CrusaderSterling Pensions Limited

Mr. Adeniyi Falade :The MD

No. 41, Keffi Street

South West Ikoyi, Lagos

+234 8058004953-MD

+234 1 271 3800-4

+234 1 271 3813



6. Fidelity Pension Managers

Mrs. Amaka Andy-Azike : The MD

2 Adeyemo Alakija Street

Victoria Island


+234 803 325 7523 – MD

+234 1 4626963

+234 9 4626968/69

+234 9 6720547

+234 1 4626966 (Fax)

+234 9 5239434 (Fax)



Read Also: AIICO Insurance Salary In Nigeria

7. First Guarantee Pension Limited

Mr. Chima Jude Akalezi  :The MD (Interim Management Committee)

Irorun Plaza ,

No. 65, Kudirat Abiola Way,

Oregun, Ikeja


+234 8033279973 -MD

+234 1 2715500

+234 1 274175-9

+234 1 2610366

+234 1 2613413



8. Future Unity Glanvils Pensions Limited

Mr. Usman B. Suleiman : The MD

26 Commercial Avenue



+234 8033435906-MD

+234 1 4627060

+234 1 4627067

+234 1 4627087 (Fax)



9. Investment One Pension Managers Limited

Azubuike Okonkwo : The MD

Plot 871, Tafawa Balewa Way

Opposite NICON Luxury Hotel

Garki Area 11


+234 8023204661-MD

+234 9 2194381

+234 9 7802508

E-mail: MD



10. IEI-Anchor Pension Managers Limited

Solomn Okoli  : The MD

Plot 51A, Oro Ago Street

Garki II


+234 8087184223 MD

+234 9 3146526

+234 9 4618900 – 9

+234 9 3145171(Fax)




11. IGI Pension Fund Managers Limited

Stannis Uchenna Ezeobi : The MD

No. 4, Adeola Odeku Street

Victoria Island


+234 8084995466-MD

+234 1 6213043 – 47



12. Leadway Pensure PFA Limited

Mrs. Aderonke Adedeji : The MD

121/123 Funsho Williams Avenue



+234 8066438653-MD

+234 1 2800850

+234 1 2800900



13. Legacy Pension Managers Limited

Mr. Misbahu Yola : The MD

39, Ademola Adetokunbo Crescent

Wuse II, Abuja

+234 8022235807-MD

+234 9 4613501-3

+234 9 6738002



Read Also: CONTISS Salary Scale In Nigeria

14. NLPC Pension Fund Administrators Limited

Mr. Adewale O. Kolawole : The MD

Location: 312A,

Ikorodu Road, Anthony


+234 8034027008-MD

+234 1 2793580 – 2

+234 1 7610812

+234 1 2793583 (Fax)



15. NPF Pensions Limited

Mr. Hamza Sule Wuro Bokki

Insurance Building

Behind Force Headquarters

Loius Edet House

Area 11

Garki – Abuja

+234 8077092234 – MD



16. OAK Pensions Limited

Mr. Samuel Inyang : The MD

266 Muritala Mohammed Way



+234 8033094625: The  Ag. MD

+234 1 4616680

+234 1 4614704-5

+234 1 2627490-1

+234 1 2627492 (Fax)


E-mail: Ag. MD


17. Pensions Alliance Limited

Mr. Emenike Dave Uduanu : The MD

9th Floor, UBA Building

57 Marina


+234 08034039191-MD

+234 1 2667710

+234 1 2667177

+234 1 2662002



18. Premium Pension Limited

Mr. Wilson Ideva : The MD

No. 4, Agwu Street

Off Faskari Crescent

Area 3

Garki – Abuja

+234 08073399874 – MD

+234 07029128221

+234 9 4615707-9

+234 9 4615700

Email: – MD



19. Sigma Pensions Limited

Mr. Umaru H. Modibbo : The MD

No. 29 Durban Street

Off Adetokunbo Ademola Crescent

Wuse II – Abuja

+234 8033164996-MD

+234 9 5237787

+234 9 5237816

+234 9 5237787



20. Stanbic IBTC Pension Managers Limited

Dr. Ademola Sogunle : The MD

Plot 1678, Olakunle Bakare Close

Victoria Island


+234 8034020097- MD

+234 1 2716000



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21. Trustfund Pensions Plc

Helen Da-Souza (MD)

Plot 820/821

Labour House

Behind Ministry Of Finance

Central Business District


+234 8052090315-Ag. MD

+234 9 6725777

+234 9 6725946

+234 9 2340112



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