Stanbic IBTC Pension Managers is a licensed Pension Fund Administrator set up with
the primary objective of delivering quality pension fund administration
and management services to both private and public sector employees covered
by the Pension Reform Act 2004.
Stanbic IBTC Pensions, a member of the Standard Bank Group, enjoys a rich heritage derived from
the Group’s extensive and proven track record in money management
and long-held values of protection and enhancement of customers’ wealth.
Stanbic IBTC Pensions has an authorized and paid-up capital
of N500 million, significantly above the minimum requirement of N150
million. The Company is a joint venture between Stanbic IBTC and 3
other financial institutions: Access Bank Plc, Linkage Assurance Plc and Oceanic Bank International Plc. IBTC Pensions is 60% owned and managed
by the Stanbic IBTC Group. The combined networth of the Company’s shareholders
is close to N100 billion.
Stanbic IBTC Pensions is easily accessible at over 60 locations nationwide.
For further enquiries on how to select IBTC Pension Managers Limited
as your PFA, please contact either Yinka Sanni on 2716000 (extension 2001) or
Obinnia Abajue (extension 2002). Alternatively, you can visit any branch
of Stanbic IBTC Bank to open a Retirement Savings
Account.
Pension fund up 27.33%, may hit N1.6trn by 2011.
As more workers in both the private and public sectors of the economy continue to register with licensed Pension Fund Administrators (PFAs) under the contributory pension scheme, there is growing optimism that the scheme would achieve its ambitious growth target of N1.6 trillion in asset by 2011. Read More