Leadway Pensure targets double-digit returns on funds by year-end

BY ONOME AMUGE

Leadway Pensure PFA, a major pension administrator and fund management company, says it is on course to sustain its dynamic performance trend and maintain an average of double-digit increase on its entire Retirement Savings Account (RSA) investment portfolios by the end of 2022.

This comes after the company recorded double digits in its RSA including 12 percent in Fund 1, 11 percent in Fund 2, 10 percent in Fund 3, and 11 percent in Fund 4, as stated in the recently released May 2022 report.

Commenting on the report and projections for the year, Lanre Idris, managing director/chief executive officer, Leadway Pensure, said the achieved returns projection is indicative of the organisation’s progressive capacity in fulfilling its financial obligations, despite the pandemic-induced global downturn that resulted in industry-wide contractions and decline in the investment space in previous years.

“As recorded in the May Report of the Retirement Savings Account, 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,” Idris said.

He explained that global recoveries in the economic environment led to improved investment possibilities which paved the way for positive progress in returns recorded by Leadway Pensure.

The managing director also pointed out that the organisation is hinged on consistently achieving superior value creation for its stakeholders and is optimistic about maintaining its market leadership position in all investment portfolios.

Speaking further on the company’s strong growth performance, he said the investment performance rate is what the pension administrator has promised its RSA customers and prospects who understand that their savings for a financially secured retirement life is a function of the returns on their funds.

He added that the organisation remains devoted to customer satisfaction and would continue on the path of value creation in delivering bespoke financial support to its growing and diverse customers.

In previous years, Leadway PFA recorded a two-year streak of consistent appreciable performance achieving double-digit fund returns on its RSA Funds. As of 2019, Fund 1 achieved a 14 percent return and grew to 19 percent in 2020. Fund 2 also recorded an improved performance from a single digit of 9 percent at inception in 2018 to a double-digit record of 18 percent by 2020. In a similar trend, Fund 3 and Fund 4 hit double digits in 2019 and 2020 with returns of 13 percent and 14 percent in 2019, rising to 14 percent and 15 percent, respectively, in 2020.