IEI Anchor Pension pursues with vigour penetration, growth

Pension fund administrator,  IEI Anchor Pension Managers Limited  with current assets of N55 billion, 90, 000 Retirement Savings Account holders and operating in 23 states of the federation, says it is poised to deepen penetration and improve on growth.

The Company, which recognized its late entry into the pension business as more of an advantage to pursue strong growth initiatives, says the potential of the pension industry is huge given the country’s population of over 170 million.

Glory Etaduovie, managing director/CEO, IEI Pension Managers Limited said the company’s growth pace is faster now as it continues to gain more ground in the pension market. He said the growth plan of the company is aggressive increase in the number of RSAs.

Eataduovie who spoke at the 2016 Annual General Meeting of the National Insurance and Pension Correspondents in Lagos added that IEI Anchor Pension is competing effectively in the market. “One thing stands out, the customer remains the ultimate and determinant of direction and our size makes us nimble and smartly responsive.

“This is one advantage we wield. Everyone gets deserved attention. This we pursue to achieve through training and retraining of staff. An informed and engaged staff is a real asset.”

He described the pension industry as interesting and exciting. “Regulation is strong. The market is only about 30 percent explored. It is also a form of social service. You also derive strong satisfaction when you support the aging with good service, as well as prepare them for graceful retirement.”

He further said that the pension industry is going to be a critical tool for development shortly. It is positioning. The government is aware of this and seeing it as a partner in progress. It is thus cautiously positioning for collaborative activities.

He noted that the Company has deployed much of the needed ICT to drive growth. Presently, we are focused on this for further improvements and action and this enhances customer service, enquiries and enhanced interaction for better satisfaction, he noted.