The non-interest fund (fund VI), launched by the National Pension Commission (PenCom) in September 2021, has demonstrated remarkable growth, soaring to N54.27 billion in pension assets. This sustained growth can be attributed primarily to its robust operational framework. Introduced as part of the multi-fund investment structure, fund VI empowers pension contributors and retirees to select a fund that aligns with their investment preferences.
Since its inception, the non-interest fund has garnered increased acceptance by pension contributors and retirees. While the fund’s assets stood at N7.79 billion in September 2021, the fund has grown to N54.27 billion by the end of January 2024, translating to an impressive leap of over five hundred percent or N46.48 billion over the period. This growth trajectory underscores the effectiveness and appeal of the non-interest fund among pension stakeholders. The fund offers RSA holders the choice of how their pension contributions are invested. It is expected that with sustained enlightenment on fund VI, its assets will continue to grow.At the commencement of the CPS, all active contributors’ funds were being invested solely in the RSA ‘active’ fund. PenCom, thus, conceived the multi-fund investment structure to align the age and risk profiles of contributors. Introduced in July 2018, the multi-fund investment structure separated the RSA fund into 6 fund types (funds l to Vl
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