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.
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.
