What APT Pensions Funds Manager does

Tangerine APT Pensions Fund Managers Limited is a Nigerian Pension Fund Administrator (PFA) and asset manager formed in 2024 from the merger of Apt Pension Funds Managers Limited and Tangerine Pensions Limited, headquartered at the Federal Mortgage Bank Building in Abuja's Central Business District. The company operates under licence and supervision from the National Pension Commission (PenCom), with First Pension Custodian Limited serving as the regulated custodian for all member assets. Its core offering is the Retirement Saving Account (RSA) under Nigeria's mandatory Contributory Pension Scheme, complemented by Additional Voluntary Contributions (AVC), a Personal Pension Plan for the self-employed and informal sector, and a six-tier Multi-fund Structure (Fund I through Fund VI Active/Retiree) providing risk-graded allocation options. The company administers retirement and terminal benefits free of charge to members and charges a regulated N100.00 administration fee alongside AUM-linked management fees, with additional revenue from the 25% Mortgage Scheme and advisory services.

The technology platform centres on digital onboarding via the registeronline.tangerineapt.ng portal, the Tangerine APT Mobile application, an SMS-based Pension Direct balance inquiry service (BAL to 29155555172), the CRA portal for employer contribution reconciliation, and the Transition Contribution Fund (TCF) portal for scheme transitions. The product surface spans 23 documented modules covering core pension administration, benefits processing, RSA transfers, data recapture, NSITF scheme services, and a pension calculator. Distribution is hybrid: direct digital self-serve channels for individuals and SMBs combined with employer-direct enterprise relationships for RSA enrollment and contribution remittance, supported by PenCom referrals for RSA recap enrollment. Customer segments include individual RSA holders (primary), retirees, corporate employers, and self-employed/informal-sector workers, with revenue mechanics anchored on recurring AUM-linked fees plus per-transaction administrative charges. The company publishes three-year annual returns (Fund I 21.60%, Fund II 21.61%, Fund III 16.48%, Fund IV 14.55%, Fund V 15.43%, Fund VI Active 16.52%, Fund VI Retiree 11.25% as of June 2026) as member-facing performance disclosures, with Fund I and Fund II showing positive Sharpe ratios (0.08 and 0.12 respectively) while Funds III–VI show negative Sharpe ratios.

Name

APT Pensions Funds Manager

Legal name

Tangerine APT Pensions Fund Managers Limited

Website

https://aptpensions.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tangerine APT Pensions Fund Managers Limited is a Nigerian Pension Fund Administrator, formed in 2024 from the merger of Apt Pension Funds Managers Limited and Tangerine Pensions Limited. It administers Retirement Saving Accounts, voluntary contributions, and personal pension plans under PenCom regulation for employees, retirees, employers, and self-employed Nigerians.

Ownership category

akta.pro rank

Product category

Pension Fund Administration

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Pension Funds (525110), Pension Funds (52511)

SIC

Finance Services (6199)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

akta.pro secondary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

Keywords

• Pension fund administration
• Retirement savings accounts
• Asset management services
• Contributory pension scheme
• Pension advisory services

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Pension Administration Fees: The company charges administration fees for managing pension funds. An admin fee of N100.00 is referenced. As a licensed PFA, the company earns fees based on assets under management (AUM) and per-transaction charges for services such as RSA transfers, withdrawals, and benefit payments. The company states it administers retirement and terminal benefits free of charge to members.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Tangerine APT Pensions Limited operates as a licensed Pension Fund Administrator (PFA) in Nigeria, managing Retirement Saving Accounts (RSAs), multi-fund investment portfolios, Additional Voluntary Contributions, Personal Pension Plans, and benefits administration for employees and retirees. The company administers pension funds through six distinct fund options (Fund I through Fund VI Active/Retiree) tailored to varying risk profiles and retirement stages, supported by digital access channels including online portals, a mobile application, and SMS-based balance inquiry.

Product overview

Tangerine APT Pensions Limited operates as a unified platform offering a comprehensive suite of pension administration and asset management services in Nigeria. The core product portfolio centers on the Retirement Saving Account (RSA) as the primary vehicle for retirement savings, complemented by the Personal Pension Plan for self-employed individuals. The investment management offering is structured through a Multi-fund System providing six distinct fund options (Fund I through Fund VI Active/Retiree) catering to different risk profiles. Additional modules include the Additional Voluntary Contribution (AVC) for accelerated savings, the Mortgage Scheme offering 25% access to funds, Benefits Administration and Payment processing, RSA Transfer and Account Opening services, the Tangerine APT Mobile app for on-the-go access, and specialized portals for Contribution Reconciliation (CRA), Transition Contribution Fund (TCF), and Employer Remittance. The company also provides advisory services and pension calculators for planning. The N100.00 Admin Fee structure is applied to fund management.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Saving Account (RSA)

Quantifiable outcome

• 3-Year Returns: Fund I 21.60%, Fund II 21.61%, Fund III 16.48%, Fund IV 14.55%, Fund V 15.43%, Fund VI Active 16.52%, Fund VI Retiree 11.25%

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• First Pension Custodian LimitedcoreOthersOfficial pension fund custodian for Tangerine APT Pensions. Holds and safeguards pension fund assets on behalf of RSA holders. The custodian relationship is a regulatory requirement under Pencom guidelines for all Pension Fund Administrators in Nigeria.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/apt_pension
• Facebookfacebook.com/AptPensions
• LinkedInlinkedin.com/company/apt-pension-funds-managers-limited

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about APT Pensions Funds Manager