Sigma Pensions Unveils New Product for Clients

One of the leading Pension Fund Administrators (PFAs) in Nigeria, Sigma Pensions Limited has unveiled new innovations for its 690, 000 clients in the public, private and informal sectors. The Vice President, Business Development Division (West), Mrs. Mabel George, said at a forum organised by the organisation for Human Resources Managers and Pension Desk Officers in Ibadan that “Sigma Pensions has come up with new innovations to add value to the needs of retirees as at when due.” Parts of these include optimal return on investment for the retirees to make sure that returns on investment for all funds are consistent and competitive including “our robust information technology platform through integrated software that incorporates all aspects of fund management, administration, fund valuation and portfolio data management.”

While stressing that Sigma Pensions Limited was among the best five PFAs in the industry, George further disclosed that “Sigma is 100 per cent owned by Actis Golf Nigeria Limited (Actis Golf); a special purpose vehicle controlled by Actis GP LLP, a prominent private vehicle.” With Sigma Pensions’ assets valued at over N310billion for a varied group of clients including over 690, 000 Retirement Savings Accounts (RSA) holders, George said the organisation was ready to further undertake a number of businesses aside Jigawa State, NNPC, CBN, NEXIM, SEC, etc, to the company’s existing track record of performance and acceptability.

On the challenges confronting the industry, George said retirees accounts were not properly funded because monies are not released as at when due by the government, thus resulting in the retirees not being paid on time.