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Stanbic Pension Crosses Millionth Customer Mark

By on January 19, 2013

The management of Stanbic IBTC Pensions, a subsidiary of Stanbic IBTC Holdings is celebrating its one millionth customer under its
Retirement Savings Account package.

Speaking on the development, the CEO of the company, Mr Demola Sogunle said the landmark achievement solidifies the company as the leading pension management company in Nigeria.

He said, “One million customers in less than a decade is an important achievement and reflects well on the solidity of Stanbic IBTC Pension Managers as Nigeria’s leading pension fund administrator.

“We are very optimistic about the future and the assurance that we give our present and our future clients is that we will continue to manage their funds in a very responsible manner.”

He indicated that the companu had Assets Under Management in excess of N865 billion and pays out N1.65 billion to over 23,000 retirees monthly.

“Over N112 billion has been paid regularly to retirees since we commenced operations in 2005. Our aim is to continue to set ever higher standards of service delivery and ensure that our retirement savings account holders derive maximum value from their investment,” he explained.