By LOVETH AZODO, Lagos
As the Long anticipated Retirement Savings Account (RSA) transfer window opens today, the Chief Executive, Stanbic IBTC Pension Managers, Eric Fajemisin has expressed his delight on the opportunities the new development has to offer.
RSA Transfer Window, under the Pensions Reform Act of 2014, gives contributors in the Contributory Pension Scheme (CPS) the unique opportunity to migrate from one Pension Funds Administrator to another.
The National Pension Commission officially launched the window Today.
Fajemisini, told newsmen Today in a virtual meeting that as a leader in the pension industry they understand the importance of the transfer window in driving choice and ensuring that customers can demand optimal service delivery and long-term, efficient management of their pension contributions.
Highlighting some of the company’s strategies in repositioning itself for the transfer window, he said “Fortunately, we were ready. We relaunched our mobile app and revamped our website to make it even easier for clients to access information conveniently from whatever location they find themselves.”
“Our website provides extensive information on the support available for our clients, and we have taken things a notch higher to revamp our pension calculator and create a budgeting tool to enable contributors better manage their personal finances and plan effectively for long-term financial success.”
“We prioritise the ease of retirement pay-outs and therefore optimised our service delivery such that contributors’ can easily apply for their benefits from anywhere in the world with minimal fuss.”
According to him, the Managers have leveraged on their deep understanding of corporate governance to build the trust of stakeholders, “and this has positioned us as the largest pension fund administrator in Nigeria by Assets under Management (AUM), worth over N3.5 trillion,” he said.
He noted that over the years, Stanbic IBTC Pension Managers have a proven record of financing, tracking and protecting investments in the pension space.
“For over two decades, we have managed funds for companies and individuals, making us Nigeria’s largest PFA with total assets under management worth over N3.5 trillion.”
“We are excited about welcoming new customers through the Transfer Window, and we remain committed to walking the long road with you to a healthy retirement.”
On the effect of the window on Micro pensions, the Executive Director, Business Development, Stanbic IBTC Pension Managers, Nike Bajomo assured that the transfer window will not affect the Micro pensions negatively.
“We are still trying to get people into the Micro pensions as people are beginning to embrace the micro pension scheme, there is no reason why the transfer window would affect it.”
Stressing on strategies, Head of Client Experience, Stanbic IBTC Pension Managers, Layo Ilori-Olaogun said we have upgrade our pension calculator , contributors can go to our website to calculate their pensions and check their RSA balance.
“We have made it easy to access so there is no reason for our existing customers to be worried,” she assures.
