The Managing Director, IEI-Anchor Pension Managers Limited, Mr. Glory Etaduovie, has said that late preparation for pensions can affect the quality of workers’ lives in retirement.
He said this while speaking on the company’s corporate activities in 2017.
He said, “Some people are laid back towards preparing for their pension years. Many people only start to prepare for retirement as late as age 45 to 50. That is why their agitation and worries are heightened.
“Their quality of life before retirement and proactive self-development adds value to what one will be before and at pensionable age. If we get it right, our agitations will be minimal and our pension will be waiting for us and not the reverse.”
While speaking on IEI-Anchor, Etaduovie said the company grew its assets under management from N47bn in 2015 to over N75bn, adding that it had wider clients outreach in most states including corporate and government clients.
He also said that 2017 was a favourable year for investment returns of the company.
He said, “Our investment returns for the activities of the year were above the year’s inflation figures, which stood at 16.54 per cent on the average, while overall returns outperformed the MPR rate of 14 per cent all year round. This helped us to reposition the effects of long-tenured previously lower government bonds yields where most PFAs are over-weighted.”
The managing director stated that the company’s skills from marketing, contributions, investment, benefit payments and retiree management had been improved.
While observing that there was still huge pension ignorance in the country, he said it would engage in a lot of advisory services.
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