Stanbic IBTC Pension’s Assets Hit N1tr | Independent Newspapers Limited
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Stanbic IBTC Pension’s Assets Hit N1tr

Posted: Feb 8, 2016 at 6:35 am   /   by   /   comments (0)

Stanbic IBTC Pension Managers Limited, a Pension Fund Administrator (PFA), has recorded over N1trillion worth of assets in 10 years, the Chief Executive of the company, Eric Fajemisin has said.

In a statement in Lagos, he said the company has emerged as Nigeria’s leading PFA with over one million retirement savings account holders under management.

He said the company is paying more than N2.1 billion to over 38,000 retirees monthly, adding that over N204 billion has been paid to retirees since they began operations in 2005.

He noted that their aim is to continue to set higher standards of service delivery and ensure that “our retirement savings account holders derive maximum value from their contributions,” Fajemisin said.

He said in line with its commitment to enriching customer experience, the company would continue to broaden and enhance its service channels for efficient service delivery. He said: “This is in fulfillment of its promise to provide quality and stress-free pension fund administration and financial management services to our clients and Nigerians wherever they may be. The cardinal value propositions of the PFA are participation, accessibility, quality, convenience and efficiency.

“The company can be reached via a number of service channels, including its over 217 branch offices spread across the country, its 24-hour multilingual contact centre, SMS, Stanbic IBTC ATMs, email, its mobile office, mobile app, and the Pension Guru online, Fajemisin said, adding that the PFA is committed to ensuring that clients are able to experience excellent and convenient service in any of its touch points.

“Our promise is to avail as many Nigerians as possible the opportunity to have quality pension fund administration and financial services, which will enable a life of comfort in retirement. To achieve this, we have continued to broaden our service channels so that we can reach as many Nigerians as possible and encourage participation in the Contributory Pension Scheme.”

He said that Stanbic IBTC Pension Managers will constantly explore additional avenues where Nigerians can conveniently access its services to meet their pension and retirement needs, adding that the company is backed by the necessary experience, strong and sound financial clout of the Standard Bank Group, to ensure efficiency in the management and safety of clients’ investments.

Stanbic IBTC Pension Managers is a subsidiary of Stanbic IBTC Holdings, a member of Standard Bank Group, a full service financial services group with a focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group is the largest African bank by assets and earnings and is rooted in Africa with strategic representation in 20 countries of the continent, including South Africa. Standard Bank has been in operation for over 153 years and is focused on building first-class, on-the-ground financial services organisations in chosen countries in Africa and connecting other selected emerging markets to Africa and to each other, applying sector expertise, particularly in natural resources, globally.