At the recent International Financial Inclusion Conference (IFIC’24), Stanbic IBTC Pension Managers, a prominent pension fund administrator in Nigeria, is pleased to announce that it has won the coveted title of “Most Financially Inclusive Pension Company of the Year.” Key players in the financial sector, including regulatory bodies, financial institutions, and development organisations, attended an event hosted by the Central Bank of Nigeria (CBN) when this noteworthy accolade was given out.
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Given that a sizable section of the populace is still unbanked or underbanked, financial inclusion has emerged as a crucial priority in Nigeria. Initiatives to overcome these gaps are crucial given the nation’s heterogeneous economic environment and disparities in financial services accessibility. In order to improve financial accessibility, the International Financial Inclusion Conference provides a powerful forum for exchanging creative approaches, best practices, and cooperative ideas.
The significance of customised financial products and services that serve various demographics, especially the economically disadvantaged, was underlined during this year’s conference. This recognition is a major turning point for Stanbic IBTC Pension Managers, which is committed to empowering people and promoting financial literacy while working to provide a stable future for people via efficient pension administration.
In addition to acknowledging the company’s accomplishments, the recognition encourages it to work towards even greater financial inclusion in Nigeria, which would support the country’s overall stability and economic progress. “We are proud to be recognised among key industry players,” stated Olumide Oyetan, Chief Executive of Stanbic IBTC Pension Manager, who accepted the award.
“IFIC’24 serves as a vital platform for financial sector stakeholders to collaborate and discuss strategies for enhancing financial inclusion.” The conference emphasised how important creative solutions are to reaching financial inclusion objectives, which is exactly in line with Stanbic IBTC Pension Manager’s goal of providing accessible and fair pension services. We think that financial inclusion is a fundamental right that empowers people, improves economic stability, and promotes sustainable community growth—it is not just an objective.
Our operations have always been driven by our dedication to offering creative and easily accessible pension options. This honour not only recognises our work but also validates our ongoing efforts to provide pension services to all Nigerians, regardless of their financial situation. Olumide added that as part of Stanbic IBTC Pension Manager’s strategy, a number of initiatives had been implemented to increase access to pension services.
These include workshops that encourage financial awareness, mobile applications that streamline the pension enrolment process, and customised pension plans made for low-income earners and those employed in the unorganised sector. To increase awareness of the value of retirement planning, the institution is also actively interacting with underprivileged populations in partnership with a number of community organisations and non-governmental organisations (NGOs).
“By putting accessibility first, we are removing obstacles and making sure that more people can safeguard their future with dependable pensions. “This acknowledgement encourages us to keep coming up with new ideas and reaching more people,” Olumide said.
To guarantee that pension plan benefits are distributed throughout the nation, Stanbic IBTC Pension Managers will keep advocating for inclusive policies, developing innovative financial solutions, and collaborating with regulatory agencies.
The organisation strives for excellence in order to ensure that every Nigerian can have a secure retirement and to improve the standards of pension management in Nigeria. Visit Pension Managers | Stanbic IBTC Pension Managers to find out more.
