FUG Pen­sions un­veils plans to grow as­set

Daily Trust - - NEWS - From Chris Agabi, La­gos

The man­age­ment of Fu­ture Unity Glanvills Pen­sions Limited (FUG) has moved to cap­ture a pro­por­tional mar­ket share and deepen its busi­ness reach through a strate­gic mar­ket de­vel­op­ment ini­tia­tive.

The ini­tia­tive is tar­geted at grow­ing its as­sets un­der man­age­ment three folds.

The com­pany’s Man­ag­ing Di­rec­tor and Chief Ex­ec­u­tive, Mr. Us­man Suleiman, said the re­struc­tur­ing, when com­pleted, would cat­a­pult the com­pany to be among the top play­ers in the in­dus­try.

He said the ini­tia­tive, de­signed to cap­ture more de­pos­i­tors, in­clud­ing states, multi­na­tional com­pa­nies and even lo­cal gov­ern­ments’ em­ploy­ees’ re­tire­ment sav­ings ac­counts (RSA) and legacy funds, was also aimed at repo­si­tion­ing the com­pany for higher prof­itabil­ity.

To achieve this feat, the com­pany has com­menced the re­struc­tur­ing of its oper­a­tion to align with best global prac­tices. The com­pany which cur­rently holds sway in key states’ ac­counts, said the on­go­ing re­struc­tur­ing of oper­a­tion was geared to­wards im­proved mar­ket share, ef­fec­tive and ef­fi­cient ser­vice de­liv­ery un­par­al­leled within the in­dus­try.

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