With pension assets under management in excess of N30 billion and 3,500 retires and still growing, FUG Pension Managers Limited says its target is to provide a cutting-edge global standard service delivery that creates clientele value.
The Pension Fund Administration in the last one year began acquired state-of-the-art technology, enhancing its service delivery, with key structures like relationship management taking care of internal and external relations that further give its Retirement Savings Account (RSA) holders and retirees new sense of comfort.
Adeyinka Sogunle, acting chairman of the company, who spoke during the company’s retiree forum in Lagos, said these structures had not only bolstered patronage, but had also positioned the PFA for market competition.
He said that, total payment made to retirees from inception till date was N3 billion, while Retirement Savings Account holder (RSA) unit price had cumulatively grown from N1 to N1.82 kobo.
This means that retiree’s investment return has grown by 82 percent, he said, noting that the board and management of the company had ensured safety and good investment returns for its contributors and retirees.
Usman Suleiman, managing director, said the company as of last year had 1600 retirees but presently had 3500 retirees under its management, saying “we have put new systems and processes in place to ensure better service delivery to retirees and contributors.”
According to him, the company is taking the retirees forum across the geopolitical zones of the country as part of sensitisation programme to enlighten them on the processes of preparing for retirement, documentations and all they need to do to have a smooth process in retirement.
The forum was held three months ago in Kano, Lagos has taken place and we are going to hold similar forum in Asaba, Delta State, and Port Harcourt.
“The forum has become a regular and nationwide event. We are at presence poise to give not only high standard service but global service. We are ensuring that the pension fund under our management is managed properly,” he said.
The company has quality asset allocation programme that ensures good returns on investment, but most importantly safety of the funds, FUG investment analyst, James Oni said.
FUG has made sure that funds under it are safe and value is added. We have a very dynamic asset allocation that is patterned in such a way that the capital is preserve, Oni said
“We also change the asset allocation when necessary to ensure safety and good investment return, and we have a management and board investment committee that monitors investment,” he said, urging retirees to relax, draw their money and maintain life.
Some of the retirees who gave testimony of their experience said FUG was a reliable PFA, as they get their payments regularly and timely before 20th of each month.
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