Stanbic IBTC Pension Managers disburses N7bn to 80,000 retirees

Cynthia Ezekwe

Stanbic IBTC Pension Managers, a leading pension fund manager in Nigeria, has demonstrated its commitment to providing unparalleled customer service and promoting the financial security of its clients by disbursing N7 billion in monthly benefits to retirees.

Olumide Oyetan, the chief executive of Stanbic IBTC Pension Managers, in a recent discussion about pension payment, reaffirmed the company’s commitment to securing the future of pension contributions through innovative solutions, while addressing concerns about the timely disbursement of benefits to retirees.

Elaborating on Stanbic IBTC Pension Managers’ commitment to retirees, Oyetan stated that the company has paid almost N7 billion monthly to approximately 80,000 retirees, adding up to a total of over N1.3 trillion disbursed since the inception of the Contributory Pension Scheme (CPS).

“Our dedication to providing top-tier pension fund administration for both private and public sector employees is evident through our focus on timely payments and effective investment strategies.

“With shareholders’ funds exceeding N60 billion, Stanbic IBTC Pension Managers is far above the regulatory minimum of N5 billion and well positioned to support our clients in achieving a secure retirement,’’ he said.

According to Oyetan, Stanbic IBTC Pension Managers’ commitment to improving the welfare of its customers is rooted in a dedication to providing services that promote financial security and stability.

In his address, the CEO highlighted the company’s value-added services, such as personalised financial planning advice and retirement planning tools, designed to help customers make informed financial decisions.

Oyetan also underscored the company’s commitment to prompt payment, reiterating that it is of utmost importance to ensure financial security for its clients in retirement. He explained that Stanbic IBTC Pension Managers’ vast network of 40 branches across the nation provides clients with easy accessibility to its services, enabling them to enjoy a seamless retirement experience.

“Our priority is prompt payment, as it ensures our clients’ financial security in retirement. With a network of 40 branches nationwide, we guarantee accessibility to our services and support at the convenience of our clients,” he stated.