Multi-Fund Structure

What is Multi-Fund Structure?
The Multi-Fund structure is a framework that aims to match your age and risk profile to one of four distinct funds.
The Multi-Fund Structure was effective from Monday, 2nd  July, 2018.
Fund 1
  • Members of Fund 1 are 49 years and below.
  • Existing contributors within the age bracket of 49 years and below shall have the option to move to Fund 1.
  • Such existing contributors shall buy into the fund at a nominal unit price of N1.00 on the 1st day of effective implementation of the Multi-fund structure.
  • New entrants subsequent to take off date shall buy into the fund at the prevailing value of accounting unit of Fund 1.
  • Members of Fund I (49 years and below) shall not be allowed to move to Fund III.
Fund 2
  • This shall be the current RSA ‘Active’ fund and shall be known as ‘Fund II
  • This will be the default fund for contributors that are within the age bracket of 49 years and below.
  • Fund II shall continue to maintain the value of an accounting unit (VAU) of the RSA ‘Active’ fund based on NAV.
  • Members of Fund II (49 years and below) shall not be allowed to move to Fund III, but shall only be allowed to move to Fund I..
Fund 3
  • Members of Fund III are 50 years and above.
  • This will be the default fund for contributors that are within the age bracket of 50 years and above.
  • Initial entrants into Fund III shall buy into the fund at a nominal unit price of N1.00 on the 1st day of effective implementation of the Multi-fund structure.
  • New entrants, subsequent to take off date, shall buy into the fund at the prevailing Value of accounting Unit of the Fund.
  • Members of Fund III (50 years and above) shall not be allowed to move to Fund I.
Fund 4
  • Members of Fund III are 50 years and above.
  • This will be the default fund for contributors that are within the age bracket of 50 years and above.
  • Initial entrants into Fund III shall buy into the fund at a nominal unit price of N1.00 on the 1st day of effective implementation of the Multi-fund structure.
  • New entrants, subsequent to take off date, shall buy into the fund at the prevailing Value of accounting Unit of the Fund.
  • Members of Fund III (50 years and above) shall not be allowed to move to Fund I.
Fund 5
  • This type of Fund is also called the Non-interest Fund
  • It is strictly for contributors under the Micro-pension Scheme. Find out more here
Fund 6
  • This type of Fund is also called the Non-interest Fund
  • Fund VI shall be for contributors who choose to have their pension contributions invested in Non-Interest Money and Capital Market Products.