The IEI-Anchor Pensions Managers Limited said it is targeting about N100 billion Assets Under Management (AUM) by the end of 2019, when, hopefully, the pension transfer window would have opened.
Managing director of the firm, Mr. Glory Etaduovie, who disclosed this at the 2018 Annual General Meeting (AGM) of the National Association of Insurance and Pension Correspondents (NAIPCO) held in Lagos at the weekend, stated that the firm has put in place strategic measures that would position it to achieve the feat pointing out 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 (CPS) 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,” he stressed.
Speaking on the new multi-fund structure introduced in the sector, he opined that it would be of benefit to stakeholders, noting that, the impact of the funds on the economy will help to provide the needed finance for firms and there will be growth potential, assuring that the scheme had multiple advantages for the stakeholders.
While assuring that his Pension Fund Administrator (PFA) has set up a customer service unit, for customers proper documentations, he added that, the unit 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, he said, 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.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: [email protected]
NEWS12 hours ago
APC Expels Reps Deputy Chief Whip
NEWS4 hours ago
FG Appoint Abayomi Sheba Acting Chairman Of FCC Chair
NEWS20 hours ago
Osun Rerun: Saraki Visits Omisore, Seeks Support For PDP
NEWS11 hours ago
Akpabio Emerges APC’s Consensus Candidate For A/Ibom North West Senatorial District
OPINION10 hours ago
Rivers: Guber Primaries And The Imperative Of Sen Abe’s Victory
SPORTS10 hours ago
NFF Elections: Candidate Threatens Legal Action Against Pinnick
NEWS11 hours ago
Accept N65,000 Minimum Wage Or Face Industrial Strike, Labour Tells FG
NEWS2 hours ago
FG Approves Redeployment Of Permanents Secretaries