IEI-Anchor Pension Managers Grows Assets to N80bn

EbereNwoji

IEI-Anchor Pension Managers, said pension assets currently under its management has grown to over N80 billion.

The Managing Director/CEO, IEI-Anchor Pensions, Mr. Glory Etaduovie, who stated this during a media parley recently said the company has made tremendous progress in its efforts to penetrate the pension industry in the last three years.

He said the company’s customer service delivery had persuaded both individual and company customers to trust in its capacity to manage their pension fund.

According to him, the company’s Asset Under Management (AUM) increased from N47 billion in 2015, to over N75 billion at the end of 2017, while aiming to achieve over N100 billion AUM by 2019.

Between January and March 2018, he said, a total number of 2,414 benefits were processed and paid amounting to N192 million.

Etaduovie, said IEI-Anchor Pension Managers, had developed a model that will sustain the PFA in years to come.
He said When the pension transfer window finally opens, the company intends to add about 30 per cent more contributors and pension assets, to its existing account insisting that IEI-Anchor Pensions is well positioned for that and other initiatives that can grow the company for the better.

On the Pension Multi-Fund structure which commenced earlier in the month, Etaduovie,said, his company has raised awareness among its clients to better inform them on the benefits of this scheme.

He said the company equally has presence in most states of the federation, and was gradually penetrating the pension market, despite being one of the third-tier operators licensed by PenCom.

On the company’s investment pattern, Etaduovie, said the pension guideline plays a key role on how his PFA invests its fund, adding that there is no room for unnecessary investment adventure, He also noted that the market presents good opportunities and initiatives – a good blend of bonds, Treasury Bills, Money market and other safe investments.

He said the company’s robust ICT system enhances customer service, enquiries and enhances interaction for better