Suleiman: We Have Laid a Solid Foundation to Grow FUG Pension
The Managing Director Future Glanvils Pension Limited Usman Suileman said in its ten years of operation as a licensed Pension Fund Administrator (PFA) owners and managers of FUG Pensions Limited, have laid enough solid foundation that will stand the company out among big operators in the industry.
Suleiman said given this solid foundation, the company’s management now targets to be ranked amongst top five Pension Fund Administrators (PFAs) in Nigeria.
Suleiman, who disclosed this in an interview with Journalists in his office in Lagos, disclosed that the firm’s assets under-management presently stand at above N52 billion, with about 150,000 active and retirees’ accounts, adding that the firm recorded Profit Before Tax (PBT) of over N230 million last year.
According to him, in 10 years of the company’s operations, the vision of the management and staff remained to be the most trusted operator in the industry and to also achieve competitive returns for clients.
He maintained that the current vision of the firm is to give good returns to clients and be the most trusted, stressing that with this in mind, getting to the top five in the industry will be achieve with ease.
“In the first 10 years, our vision is to be the most trusted firm in the industry. Our mission is to achieve competitive returns for our clients. I am delighted to say that over the past 10 years, we have actually realised that. We are indeed, highly trusted firm, to our clients; regulator and competitors. We have not only been able to compete in terms of our returns on investment, over the past three years, our Retirement Savings Account (RSA), has ranked amongst the top three in the industry.
“Our new mission is to achieve outstanding returns to our clients and efficient benefit administration to our retirees. The vision is to be the most trusted and remain the PFA of choice. “The first 10 years, we survived in spite of all odds, as an entity and positioned ourselves in course of growth. Over the next 10 years, we are not only looking at achieving that growth and be the most trusted firm, we are looking at breaking into the top most echelon in this market. By the end of the next 10 years, we do not see ourselves anywhere outside the top five PFAs in this industry,” he said.