IEI Anchor repositions for growth with over N62bn assets

IEI Anchor Pension Limited said it has repositioned for massive growth, even as its Assets Under Management (AUM) stands at over N62 billion.

The Managing Director of the fast growing Pension Fund Administrator (PFA), Glory Etaduovie, who was presented by the Head Business Development & Strategy, Jolaade Oduntan, disclosed this to journalists in Lagos.

He noted that the firm’s service delivery has greatly improved, stressing that its retirees get their payments promptly, complaints are rare, while regular SMS alerts and email quarterly statements are sent to the retirees.

“This is better than hard copy statements, as they at times get lost in transit, as there are no steady post office services or some people lose their jobs and difficult to track. Our website and social media are interactive and customer friendly. So we encourage our contributors to keep updating their information to serve them better. We also have no sanctions from PenCom,” he added.

He said the firm just had its half year business review, adding that its results are encouraging. He maintained that staff of the firm are refocused and the management team is much closer and focused than ever before.

“Our RSA Unit price is on steady growth, so is our retiree unit price. Our Assets under management is about N62 billion”.