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Sigma Pensions assures retirees of good returns, as assets hit N6tr


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Sigma Pensions Limited has assured retirees of good returns for their savings as the company put its assets under management to over N6 trillion.

The Vice President, Business Development Division (West) of Sigma Pensions Limited, Mrs Mabel George disclosed this on Wednesday in Ibadan at a forum organised by the organisation for the retirees across Western States drawn from the public, private and informal sectors.

George who appreciated the Federal Government for the introduction of the pension fund administrators, was of the view that the development has helped in safeguarding the future of millions of retirees in the country.


She said the N6trillion assets of the fund managers, according to her, were being ploughed back into the nation’s economy as a way of strengthening the development growth of Nigeria through the Public Private Sector participation..

According to her, this was being done through PFAs contributions to the trading in Government bonds, Treasury bills among others, with a view to leapfrogging the economic base of all Nigerians.

She hinted that through the ventures highlighted, the funds regularly find their way back into the economy, adding that, “So at PFAs, we are contributing towards the growth of Nigeria.”

Earlier on Tuesday, the Sigma Pensions Limited unveiled new innovations for its 690, 000 clients nationwide as part of the two-day event packaged by the company to abreast its clients; Human Resources Managers and Pension Desk Officers’ of the efforts to meet the needs of the retirees.

Parts of these include optimal return on investment for the retirees to make sure that returns on investment for all funds are consistent and competitive including “our robust information technology platform through integrated software that incorporates all aspects of fund management, administration, fund valuation and portfolio data management.”

While stressing that Sigma Pensions Limited was among the best five Pension Fund Administrators in the industry, George further disclosed that “ Sigma is 100% owned by Actis Golf Nigeria Limited (Actis Golf); a special purpose vehicle controlled by Actis GP LLP, a prominent private vehicle. “

With Sigma Pensions’ assets valued at over N310billion for a varied group of clients including over 690, 000 Retirement Savings Accounts (RSA) holders.

Mrs. George hinted that the organisation was ready to further undertake a number of businesses aside Jigawa State, NNPC, CBN, NEXIM, SEC, etc, to the company’s existing track record of performance and acceptability.


On the challenges confronting the industry, George said retirees accounts were not properly funded because monies are not released as at when due by the government, thus resulting in the retirees not being paid on time.

Mabel with other Senior staff of the company like the Team Lead, BDD West, Badmus Oyeleke and another Business Development Manager, John Igiehon  therefore, appealed to the Federal Government to get the retirees’ money paid faster, adding that, “at Sigma Pensions, we are poise more than ever before to make our clients smile in a way that they get returns on their investments and their accounts funded accordingly.’’

While tasking the Pension Desk Officers and Human Resource Managers numbering about 300 to make the best use of the Electronic Pension Collection System for their workers which allows pensions management to be less stressful, the Sigma officials also admonished the participants to see the training as veritable tool for upgrading of their knowledge and transfer same to the people from their different organisations.

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