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Published On: Wed, Jul 25th, 2018

Multi Fund Structures to benefit stakeholders- IEI-Anchor Pensions

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From Ngozi Onyeakusi, Lagos

IEI-Anchor Pensions Managers Limited, a leading Pension Fund Administrator (PFA), has said that the new Multi fund structure introduced in the sector would be of immense benefit to stakeholders.
The Managing Director of the firm, Glory Etaduovie disclosed this at the 2018 Annual General Meeting (AGM) of the National Association of Insurance and Pension Correspondents (NAIPCO) held in Lagos.
According to him, the impact of the funds on the economy will help to provide the needed finance for firms; there will be growth potential; knowledge will be transferred and domiciled in the country. Etaduovie equally assured that the scheme had multiple advantages for the stakeholders. The firm, in a quest to ensure that it’s esteem customers take advantage of the transfer window project being put in together by the National Pension Commission (PenCom), assured that it has set up a customer service Unit, for customers proper documentations.
The customer service unit, according to the firm, was a strategy designed to provide an opportunity for intimate interaction with the firm’s customers to ensure that all customers are captured in preparation for the exercise.
Giving an insight on how the customer service unit works, Head, Business Development & Strategy, Mrs Jolade Oduntan explained that the firm takes time to visit its customers office on appointment to interact with them, take their details as well as solve whatever biometric issues they might have.
Speaking further, Etaduovie assured that the firm has resolve to increase its Assets Under Management (AUM) to N100 billion by this time next year
According to him, the firm has put in place strategic measures that would position it to achieve the feat adding that come end of 2018, it’s AUM would exceed N90 billion.
Etaduovie pointed that IEI-Anchor Pensions AUM exceeded N80 billion at the end of last month.
He advocated creating awareness on the relevance of pension scheme in the country through individual and collective efforts as paramount to economic growth.
Etaduovie opined that the Contributory Pension Scheme can help to solve a lot of funding problems in the economy and even address individual needs of the people.
“We need to create more awareness on the relevance of the pension scheme in the country through individual and collective efforts because the industry is responding to the social and critical needs both at micro and macro level. The increasing pension funds will create more capital for investment and infrastructure in the country.
“On the part of the government, a lot of infrastructural developments will take place. There will be room for long-term funding.”

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