Stanbic IBTC Pension Disburses N200billion to Retirees

Stanbic IBTC Pension Managers Limited has till date disbursed over N200billion as monthly pension to retirees under the contributory pension scheme, CPS.

Chief Executive, Mr. Eric Fajemisin of the firm, said it has continuously kept to its promise of ensuring that retirees get their benefits as and when due.

Fajemisin, who spoke in Abuja at a pre-retirement forum for its customers, stressed the need to build a relationship with customers as well as guide them in making wise decisions with their benefits.

Represented at the forum by the Executive Director, Investments, Mr. Oladele Sotubo, Fajemisin said: “As people head towards retirement, a decision about the type of life they wish to live in retirement should not be made from the hip, but rather through a well-structured financial planning process. The process, he said, should commence from the day one takes on a first job and involves setting aside part of current income into a retirement savings account.”

“Relationship is very key and these are our clients and so what this forum is actually tailored to achieve is to prepare our customers that are close to retirement- to prepare them as to what it takes, what they need to do and how they need to live after retirement,” he said.

At the forum, the company had outlined steps to help people make a successful transition to the next stage of their lives and have the dream retirement they desire.