Stanbic IBTC Pension Managers intensifies campaign on retirement planning

Stanbic IBTC Pension Managers Limited, a major player in the pension fund administration in Nigeria has announced that it would be continuing its nationwide campaign to raise awareness about retirement planning.

The campaign, which was launched three years ago, is part of initiatives aimed at encouraging retirement planning amongst Nigerian workers and employers, the company said.

About 600 participants are expected at the forum to be held in Nigeria’s commercial capital, Lagos, on Thursday April 21, 2016, where participants will gain very valuable tips from seasoned experts and regulators on the imperative of putting in place effective plans to ensure a smooth transition to retirement.

Lagos is the first among key cities across the country to host the forum this year, with similar sessions slated for Abuja and Port Harcourt in July and September respectively.

This year’s campaign has the theme, “Life Continues at Retirement – Retire well”.

Chief Executive, Stanbic IBTC Pension Managers Limited, Eric Fajemisin, stated that the interactive sessions are aimed at providing stakeholders, particularly people approaching retirement, a platform to have a clear view of the path to a comfortable retirement, while removing the stress of pondering what will happen when the individual disengages from active service.

Apart from being an avenue for updating participants on new developments in the pension industry, the forum is also an effort to shape industry agendas, the ultimate goal being to highlight benefits of the country’s nascent pension scheme, which will enable Nigerians harness the opportunities, Fajemisin said.

“Part of our objective in organizing a forum like this is to encourage people to take advantage of the provisions of the Pension Reform Act 2014 to prepare for retirement now, and avoid severe financial difficulties during old age.”