Multifund Structure - CardinalStone Pensions

multifund

FUND 1

(Contributors aged 49 years and below)

Contributors must apply to move to this fund.
Investments in Variable instruments can be a maximum of 95% of the fund. The balance in the fund shall be invested in Fixed Income instruments.
This is a high risk fund.

FUND II

(Contributors aged 49 years and above)

This is the default fund from which contributors elect to move to other funds.
Contributors can move to Fund I depending on their investment plan and upon request.
A contributor who moves from Fund III to Fund II cannot move to Fund I.
Investments in Variable instruments can be a maximum of 75% of the fund. The balance in the fund shall be invested in Fixed Income instruments

FUND III

(Contributors aged 50 years and above)

For contributors aged 50years and above*
Contributors in Fund III can elect to move to Fund II
Investments in Variable income instruments can be a maximum of 20% of the fund. The balance in the fund shall be invested in Fixed Income instruments

FUND IV

(Retirees)

This fund is for retirees only.
Investments in Variable income instruments cannot exceed 10% of the fund. The balance in the fund shall be invested in Fixed Income instruments.
Retirees can move only to Fund VI (Retiree).

FUND V

(Personal Pension Plan)

This fund is for self-employed persons operating in the informal sector and contributors who are doing additional voluntary contribution .
Contributions are flexible and may be paid daily, weekly, monthly or as may be convenient for you.

Fund V – Growth: up to 45% of the fund in variable income instruments. The balance in the fund shall be invested in Fixed Income instruments.

FUND VI (ACTIVE)

This fund is for contributors who desire for their pension contributions to be invested in Sharia compliant and non-interest bearing Instruments
Maximum exposure of 75% of portfolio value shall be invested in compliant variable income instruments such as Sharia compliant Ordinary Shares, Infrastructure Funds, Private Equity Funds and Open/Close Hybrid Funds.
Available to active contributors (pre-retirement)
The balance shall be invested in non-interest bearing fixed income instruments.
Contributors can switch to Fund VI (Retiree) upon retirement, or to Fund I,II or III upon request.

FUND VI (RETIREE)

This fund is for retirees who desire their pension contributions to be invested in Sharia compliant and non-interest bearing instruments

Maximum exposure of 10% of portfolio value shall be invested in compliant variable income instruments. The balance in the fund shall be invested in non-interest fixed Income instruments

Retirees who were in Fund IV and contributors who were in Fund VI (Active)upon retirement can be moved to Fund VI (Retiree).

FUND VII

This fund is for eligible contributions including Nigerians in diaspora and resident Nigerians earning in foreign currency.
A maximum of 30% of the fund can be invested in variable income instruments. The balance in the fund shall be invested in fixed Income instruments.

Active Choices

Contributors may elect to move between funds subject to the following restrictions:

Contributors in:

Fund I may move to Fund II or III
Fund II may move to Fund I or III
Fund III may move to Fund II or IV
Fund I, II & III can move to Fund VI active.
Fund IV are not allowed to move to any of the other Funds except Fund VI Retiree.