2 January 2011

Nigeria: Stanbic IBTC Pension Managers Fetes Retirees

Abuja — Stanbic IBTC Pension Managers Limited has reaffirmed its determination to stand by workers and retirees to enable them plan and enjoy a life of peace and comfort during and after active service.

The Head of Business Development of the company, Mrs Nike Bajomo made the promise during an interactive session with retirees in Port Harcourt.

She noted that the company's objective for organising the forum is to encourage - employers and employees, to take advantage of the provisions of the Pension Reform Act 2004 (PRA 2004) to prepare for their retirement.

Such preparation she said, would afford them the opportunity of avoiding severe financial difficulties during old age.

She urged every employer to assist in delivering the message to their employees as well as provide support by encouraging them to open Retirement Savings Accounts (RSAs) and ensuring that the contributions stipulated by the Act is credited to the employees RSAs as and when due.

According to her, "Stanbic IBTC Pension Managers has ensured that its RSA holders are appropriately assisted in planning for retirement, and even more importantly, that they retire well.

Essentially this is what defines our service and the reason Nigerians should sign up with Stanbic IBTC Pension Managers."

She further stated that the company established a multilingual call centre earlier last year to enhance effective flow of communication.

"Our key objective in opening the multilingual centre is to ensure that every customer, regardless of the literacy level, can communicate with us in any of the four major Nigerian languages - Yoruba, Igbo, Hausa and Pidgin as well as English. We have experienced client service executives who are proficient in these languages waiting to attend to client requests on the dedicated hotlines".

In his address, the Rivers State Governor, Chibuike Amaechi, who was represented by Hon. Dickson Umunakwe, Special Adviser on Pollution Control commended Stanbic IBTC Pension Managers Limited for the initiative and urged both employers and employees to embrace the pension revolution in the country to ensure stress-free life in retirement.

He remarked that anyone that fails to plan is already planning to fail, and added that the State Government is at an advanced stage of developing a framework for a contributory pension scheme for her employees.

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