Stanbic IBTC Pension Managers Limited, subsidiary of Stanbic IBTC Holdings Plc has urged Nigerians to pay attention to their pension savings and use them proactively to support their retirement aspirations.
The firm emphasized the importance of prioritizing financial security and wellbeing in retirement that will help Nigerians maintain an acceptable standard of living during post-work life.
The chief executive, Stanbic IBTC Pension Managers, Eric Fajemisin, said that the organisation remains committed to delivering efficient and innovative customer experience to its esteemed clients.
“Our leadership in the industry reflects our commitment to providing quality service from a team of dedicated, focused and professional employees who have continued to set the standard for pension management in the country.
“Over the years, we have leveraged technological innovations to make pension account access easy for clients via our online platform, mobile app, email and USSD.”
All transactions are transparent, as our customers get monthly notifications on all contributions to their pension accounts, as well as quarterly statements to enable them to keep an eye on their funds,” he stressed.
Speaking on voluntary contributions, Fajemisin noted that contributors who take advantage of voluntary contributions to supplement their mandatory retirement savings accounts regularly have more lump sum to fall back on at retirement.
He explained that employers contribute 10 per cent toward retirement savings on behalf of their employees, while the employees themselves make-up the remaining eight per cent mandated by regulation, saying, “however, an employee can add any amount to their monthly contributions as additional voluntary contributions.”