Pension

IEI Anchor Pensions AUM In Excess Of N75billion

* Says Pension Fund Is Well secured

BY NKECHI NAECHE—–IEI Anchor Pension Managers Limited said it has grown its Asset under Management from N47billion in 2015 to over N75 billion as at March 2018.

The Managing Director/ CEO Glory Etaduovie disclosed this to BusinessToday Online that the company’s investment returns was above the year ‘s inflation figures which stood at 16.54% on the average, while overall returns outperformed the MPR rate of 14% all year round. This he said helped the company to reposition the effects of long tenured previously lower Government bonds yields where most PFAs are over-weighted.

He said the company was able to grow its AUM because they were able to overhaul its business.

“We had overhauled our business sense. Consequently, Our Complaints bureau received less and less complaints because of service turnaround time and renewed Customers’sensitivity by training and retraining staff for excellence and bridging knowledge gap. This was also in anticipation of the transfer window. Our Customers will move nowhere if they are satisfied.”

He added that in 2017 the company clinched three Awards for, one of the fastest growing PFAs, Innovative PFA of 2017 and the PFA of 2016.

Speaking further on 2017 he said: “We entered the year 2017 with a lot of hopes and enthusiasm. Thus, we chose the “prism of possibilities”, this he said was to further unlock its collective and individual potentials.We had great strides for the Company, all stakeholders, but more so for our contributors – the tangibles and the intangible values.”

On its branch network and clientele he said: “We have wider clients outreach in most states. We have many Corporate and Government clients. We enjoy good relationship with them.

On security of Pension fund he said: “our customers funds are very secure because the regulator is up and doing in its monitoring exercise and there is a strong check system between PenCom, the PFAs and the Fund Custodians that triggers any anomaly.

He further said that the investment guidelines are also clear- safety of fund first and fair returns. This means that there is no wild adventure with contributors’ money and future savings. Investment returns should however compete favorably above inflation figures.

 

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