Radix Pension grows RSA by 450% in one year — MD

Radix Pension Managers has grown its Retirement Savings Account (RSA) from 4000 to 22,000 in barely one year of operations under a new Board and Management.

This represents a 450 per cent growth in the company’s RSA holders, according to the company.

Managing Director of the PFA, Kunle Adeboye, in a chat with the media said the company, formerly trading as IGI Pension Fund Managers Ltd., plans to close this year with a better outlook.

He said the company was focused on providing good returns on investment and ensuring maximum safety of the fund under its management, in line with regulations of the National Pension Commission (PenCom).

He stated that the company has been able to manage and invest both its RSA and Retiree Funds properly, such that its unit price has been growing steadily on a monthly basis.

He stressed that the unit price of the company has been on the top table of unit prices of PFAs out of the 21 existing PFAs since they commenced business a year ago.

He noted that they have hovered mostly between first and second and few times up to seventh position.

He further stated that the company is working to be one of the top players in the pension space.