Pension Fund Administrator (PFA), IEI Anchor Pension Managers Limited has achieved a 35 percent growth in asset under management (AUM) in 2018 to N92 billion from N68.2 billion recorded in 2017.
Jonathan Zwingina, chairman of the company who made the disclosure during its Annual General Meeting (AGM) in Abuja said the Company maintained its growth trajectory, as her Retirement Savings Accounts also grew from 117,031 in 2017 to 131,047 in 2018.
Operat i o n s of the company, he added ran smoothly, leading to a general growth in the company.
He noted that the management of its PFA is committed to ensuring that strategies put in place are driven to continually grow the company, promising customers constant engagement and satisfaction as well as working tirelessly on delivering to its shareholders and stakeholders.
Glory Etaduovie, managing director/ CEO said its fees earned increased from N661million in 2017 to N774million in 2018, representing a 17 percent growth.
To him, “RSA Fund Unit price (now Fund II) grew from N2.21 billion in 2017 to N2.42 billion in 2018, a growth of 9.62 percent, while Retiree Fund Unit Price (Now Fund IV) grew to N2.85 billion, a growth of 11.44 percent during the year under review. Profit after Tax, he said, increased from N1.4 million in 2017 to N34.01 million, a growth of 2329 percent in 2018.”
Etaduovie noted that 2018 performance was targeted at driving and ensuring customer satisfaction, noting that the Customer Service Center at its head office was given a major face lift to make it more welcoming and comfortable to its clients, among other initiatives.
In 2019, he said the Pension Fund Administrator (PFA) intends to continue in its quest to satisfy its numerous customers with a wider market base, while increasing the use of technology to reach and serve them.
“Hence, our theme for 2019 is Inclusion and Digitisation. We intend to bring everybody on board by reaching out to every segment of the economy. We will be relying more on technology to achieve this goal,” he stressed.
On the outlook of the company in the current year, Etaduovie said, his PFA intends to key into this expected growth opportunity in the economy, by enhancing its digital reach, deepening its market and increase its physical presence in key locations.
“We expect lots of new initiatives in the industry in 2019, as there was quite a number of such the previous year, some of which would have a resounding effect in 2019. We will continue in our strive to meet all of such demands, by deploying measures to meet them, while improving on our capacity and strategies that would help us to become pacesetters in the industry,” he pointed out.
