From right: Mr Glory Etaduovie ,Managing Director, Senator Rufai Hanga, Chairman and Mrs Femi Onoru ,Company Secretary, all of IEI -Anchor Pension Managers at it’s Annual General Meeting held recently in Abuja.
BY NKECHI NAECHE-ESEZOBOR--Nigeria’s lead Pension Fund Administrator, IEI-Anchor Pension Managers Limited, said it was able to grow its Assets under Management by N22 billion at the end of 2020.
The Chairman of the company, Senator Rufai Hanga, disclosed this during it’s 9th Annual General Meeting held in Abuja recently, that AUM grew to N103 billion at the end of 2020.
He added that 7,753 RSA PINs were generated in the 2020, giving a total of 138,195 RSA PINs, while noting that they have 55% funding overall.
This he said is a source of concern, though inevitable sometimes due to losing jobs or double RSA PINs. “We are working on improving the situation.”
On investment he said “Our investment department also worked hard to optimize the funds available for investment. We were placed 3rd, 5th, 13th and 13th positions out of the20 PFAs in the four funds approved for the RSA.”
On future outlook, he said “As we push forward, the coming year holds much promise, as both the Board and management strive towards implementing re-designed business strategies and collective growth.
“With the opening of the Transfer Window by the National Pension Commission in November 2020 and driven by our desire to place our pension fund administration expertise on the pedestal for all individuals, we have reinforced our services to leverage on this opportunity and expand our market share.
“We are targeting legacy funds and efforts are underway to boost our infrastructure and open branches in areas we lack coverage.”
Also, the managing director/CEO, Glory Etaduovie, while speaking on the future business outlook of the company said the Management and staff are looking forward to a more fruitful year in 2021.
He said “Our five years strategic plan has already been reviewed and commenced from 2021. We have expectations of reaching. We thus see a brighter future and faster growth.
