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Anchor Pensions Asset Base Exceeds N80bn



With the nation’s pension fund growing  day-by-day, the pension Assets Under Management(AUM)  of IEI-Anchor Pension Managers Limited has now exceeded N80 billion.

Managing director/CEO, IEI-Anchor Pensions, Mr. Glory Etaduovie, who stated this during a media parley at the company’s head office in Abuja, last week, said, the company has made tremendous progress to penetrate the pension industry in the last three years, stating that, its excellent and friendly customer service delivery has persuaded both individuals and companies to trust in the capacity of his Pension Fund Administrator (PFA) to manage their pension fund.

He added that its AUM increased from N47 billion in 2015 to over N75 billion at the end of 2017, while aiming to achieve over N100 billion assets under management by 2019.

Between January and March 2018, he said, a total number of 2,414 benefits have been processed and paid amounting to N192 million.

Stating that the company regulates itself rather than waiting for the National Pension Commission (PenCom) to come and regulate it, he added that, the firm has also developed a model that will sustain the PFA in years to come.

When the pension transfer window finally opens, he said, the company intends to add about 30 per cent more contributors and pension assets, saying, IEI-Anchor PFA is well positioned for that and other initiatives that can grow the company for the better.

On the Pension Multi-Fund structure which commenced earlier in the month, he said, his company has raised awareness among its clients to better inform them on the benefits of this scheme.

Stating that his company equally has presence in most states of the federation, he said, the firm is gradually penetrating the pension market, despite being one of the third-tier operators licensed by PenCom.

Speaking on how the company invests its huge pension assets, he said the pension guideline plays a key role in how his PFA invests its fund, as there is no room for unnecessary investment adventure, noting that the market presents good opportunities and initiatives – a good blend of Bonds, Treasury Bills, Money market and other safe investments.

ICT, according to him, enhances customer service, enquiries and enhanced interaction for better satisfaction, noting that people want constant up-dates as to the safety of their money and what the money is doing, hence, the need for this technology.