Stanbic IBTC Pension Managers has reiterated its dedication to the welfare of retirees and the delivery of quality service. Following the circulation of a video online showing a distressed client at one of their offices, Olumide Oyetan, the Chief Executive Officer, confirmed that the issue has been addressed and the client’s benefits processed within the established timeline.
Oyetan stated: “Our commitment to high-quality pension fund administration for both private and public sector employees is demonstrated through our focus on timely payments and effective investment strategies.
“We currently disburse approximately N7 billion each month to nearly 80,000 retirees and have paid over N1.3 trillion to retirees since the inception of the Contributory Pension Scheme. With shareholders’ funds exceeding N60 billion, Stanbic IBTC Pension Managers surpasses the regulatory minimum of N5 billion, positioning us to effectively support our clients in achieving a secure retirement.
“Our priority remains prompt payment to ensure our clients’ financial security in retirement. With a network of 40 branches nationwide, we ensure that our services and support are accessible and convenient for our clients,” Oyetan added.