Stanbic IBTC remits N200billion pension fund

Stanbic IBTC remits N200billion pension fund

Till date Stanbic IBTC Pension Managers Limited has disbursed over N200billion, under the contributory pension scheme, CPS,  as a monthly pension to retirees

Mr Eric Fajemisin, the Chief Executive of the organization , said it has kept to its promise of ensuring the retirees get their benefits as and when due, and also emphasized the need to build a relationship with customers as well as guide them in making wide decisions with their benefits,

Fajemisin who was represented at the forum by Mr. Oladele Sotubo, the Executive Director, Investments, said: “As people head towards retirement, a decision about the type of life they wish to live in retirement should not be made from the hip, but rather through a well-structured financial planning process. The process, he said, should commence from the day one takes on a first job and involves setting aside part of current income into a retirement savings account.”

“Relationship is very key and these are our clients and so what this forum is actually tailored to achieve is to prepare our customers that are close to retirement- to prepare them as to what it takes, what they need to do and how they need to live after retirement,” he said

Finally, The organization stipulated steps to help people have a better-life, which they have always envisaged after retirement, at the forum

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