Leadway Pensure PFA hopes to maintain the double-digit returns on its entire Retirement Savings Account (RSA) investment portfolios of 12 per cent in Fund 1, 11 per cent in Fund 2, 10 per cent in Fund 3, and 11 per cent in Fund 4 by the end of the year, the Managing Director/Chief Executive Officer, Leadway Pensure, Mr. Lanre Idris.
Idris in the company’s May report stated that despite the COVID-19 pandemic that resulted in industry’s contractions on returns in the year, Leadway Pensure has projected to maintain an average of double digits increase on its fund’s returns.
He noted that the pension service provider recorded a two-year streak of appreciable performance achieving double-digit fund returns on its RSA Funds in previous years,
He said: “As at 2019, Fund 1 achieved a 14 per cent return and grew the same to 19 per cent in 2020.
“Fund 2 also improved from a single digit of nine per cent at inception in 2018 to record a double-digit of 18 per cent by 2020.
“Similarly, Fund 3 and Fund 4 reached double digits in 2019 and 2020 with returns of 13 per cent and 14 per cent in 2019 to 14 per cent and 15 per cent in 2020.
“The achieved returns projection is indicative of the organisation’s progressive capacity in fulfilling its financial obligations despite the pandemic-induced global downturn in the investment space in previous years.
‘’Due to the COVID-19 pandemic and its impact on the economic and business environment, there was a significant industry-wide dip in the funds returns performance.
“As recorded in the May Report of the RSA, we are right on a positive momentum to sustain the constant improvements in returns across all our pension funds by year-end 2022, despite notable setbacks in the previous year.’’
However, global recoveries in the economic environment leading to improved investment possibilities have paved the way for positive progress in returns.”
He added that as an organisation hinged on consistently achieving superior value creation for our stakeholders, they are optimistic about maintaining our market leadership position in all our investment portfolios.
“This kind of investment performance is what we have promised our RSA customers and prospects who understand that their savings for a financially secured retirement life is a function of the returns on their funds. We remain devoted to this ethos and would continue the path on value creation in delivering bespoke financial support to our growing and diverse customers,” he added.