The Pension Asset Under Management of IEI-Anchor Pension Managers Limited rose to N109 billion in its 2019 financial year, leaping by 18.6 per cent from N92.9bn in 2018.
Addressing shareholders at the 2019 Annual General Meeting held virtually, the Chairman, Senator Rufai Hanga, said IEI-Anchor also generated 7,965 Retirement Savings Account (RSA) Personal Identification Numbers (PINs) in 2019.
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He also said the industry ratings on the company’s funds have also risen. “Out of the 22 Pension Fund Administrators (PFAs), we were the 8th in ranking on RSA Fund I, 2nd in Fund II, 18th in Fund III and 16th in Fund IV this was as of July, 2020.
“This portends a continuous improvement for the company.”
The Managing Director, Mr. Glory Etaduovie, said in four years, the company would have doubled its worth and value in terms of Assets under management, size of revenue income, market relevance and acceptability, among others.
“The Information Technology department holds a strategic place in the heart of most organisations today.
“It is no less so in the pension industry. Our last year’s theme was Inclusion and digitalisation.”
It underscored the recognition and importance given to it in our growth plan” he noted.
On micro pension, he said, the concept remains a very strong business growth potential, although, would require patience, good entry strategies and needed business aggression with a clear vision of the task ahead.
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