CrusaderSterling Pensions Limited, a Pension Fund Administrator (PFA) in Nigeria said the company’s Assets Under Management (AUM) grew by 28 percent, rising from N527 billion to N721 billion as of March 2025.
The company disclosed this at its 14th Annual Stakeholders’ Forum held recently in Ikeja, Lagos.
Rotimi Adebiyi, managing director, CrusaderSterling Pensions said the company has leveraged innovation to strengthen the foundation laid by the Contributory Pension Scheme (CPS), emphasising the need for more innovative solutions.
“The best time to build a secure tomorrow was yesterday, the next best time is now. We are committed to building a pension system that is responsive to today’s realities and future-ready,” Adebiyi said.
The event also spotlighted PenCom’s newly introduced Pension Remittance E-Platform and revised guidelines for benefit payments, both set to take effect from June 1, 2025.
According to the Commission, “this aims to improve transparency, efficiency, and turnaround time.
The commission also disclosed the rollout of an online Data Recapture Self-Service Portal launching in June 2025, Expanded Micro Pension Plan strategies targeting 20 million enrollees by 2026, The Pension Remittance E-Platform and the pension industry’s N5.51 trillion commitment to real sector infrastructure financing.
The event brought together customers, regulators, partners, and media stakeholders to discuss transformative trends shaping Nigeria’s pension industry under the theme “Future Ready Pensions: Innovating for a Secure Tomorrow.”
It was also noted that CrusaderSterling Pensions was recently ranked among the top-performing PFA for March 2025 across Fund I, II, III, and IV by an online financial newsroom, and has exceeded the N10.00 unit price benchmark in its default RSA Fund II, further solidifying its reputation as an industry leader.
Meanwhile, the National Pension Commission (PenCom) attributed the delays often experienced by beneficiaries of deceased pension contributors to the rigorous verification processes carried out by Pension Fund Administrators to avoid wrongful payments.
Oladimeji Ishola, principal manager at PenCom’s South-West Zonal Office, speaking during the panel session emphasised that while the commission is committed to easing access to pension entitlements, due diligence remains a critical safeguard to ensure that only legitimate beneficiaries are paid.
“You know, the essence of putting all those policies in place is to ensure that the right person is paid.
“We have had so many instances where multiple claims are made by different individuals, sometimes even by people falsely reporting a contributor as deceased,” Ishola said.
According to him, these issues were becoming recurring in the industry to the point of attempting to release a statement to address it.
He urged contributors to always update their records and ensure they make corrections when necessary.
The event featured subject matter experts, including representatives from First Pension Custodian and Hygeia HMO, who discussed healthcare and effective pension remittance, respectively.
