Oak Pensions promises contributors better investment return

OAK Pension Limited has reiterated commitment to giving its contributors better returns on their investment.

This was disclosed by the company’s chairman Dr. Awa Ibraheem, during the company’s 12th yearly general meeting in Lagos.

According to the chairman, “Our duty is to manage the funds on behalf of the retirees and ensure the funds grow so that when they retire, they benefit more than what they contributed. Our retirees are happy with us with the rate of return on investment.”

That chairman explained that it is a different thing for the rates on return to be very high, and another thing for the risk to be minimised.

He said that OAK Pensions tries to balance the return with the risk, by making sure that the interest of its retirees is well protected, and balancing the high returns with low risk.

To get closer to its stakeholders, he said that the company has extended its call centers so that its interaction with retirees will be more efficient and effective.

“We have also gone far by improving on our ICT, we have completely computerised now, and on the feedback we are getting from retirees, it is much easier for them to be served than in the past,” he said.

The chairman also said that OAK was motivating its staff, and that the company had been able to retain the best hands who were also doing well to cater for the contributors.
He said that the company was preparing to welcome the informal sector into the company when the micropension scheme eventually commences.

While observing that most of the contributors of the Contributory Pension Scheme were from the government and private sector, he said that the informal sector were actually the drivers of the economy.

“What we are doing now is to expand our informal sector department, to provide them with more facilities,” he said Ibraheem said that the company was committed to protecting the financial future of the Nigerian workers and will continue to enlighten the informal sector on the need to key into the CPS.