In order to enhance seamless
operations and improve customers’ experience, Stanbic IBTC Pensions Managers
Limited has enjoined employers to ensure that their employees participate in
the on-going Data Recapture Exercise being undertaken for the company’s enrollees.
Speaking at the Stanbic IBTC Pension
Employers’ Forum held recently in Abuja, Mr. Eric Fajemisin, Chief Executive,
Stanbic IBTC Pension Managers Limited (SIPML), urged employees to always update
their information with their Pension Fund Administrators to facilitate easy
access to their retirement benefits.
Fajemisin stressed that organisations
should encourage their employees to leverage the Enhanced Contributor
Registration System, newly deployed by the National Pension Commission, to
ensure that their data was up to date.
The Data Recapture Exercise was
introduced to enable Pension Fund Administrators obtain complete and accurate
data of all Retirement Savings Account holders (both active and retired), in
line with the provisions of Section 23 (e) of the Pension Reform Act 2014.
The 2019 edition of the Stanbic IBTC
Employers’ Forum had earlier held in Lagos and Port Harcourt on October 29 and
November 7 respectively.
In Lagos, Fajemisin, who was
represented by the Executive Director, Business Development Directorate, SIPML,
Mrs. Nike Bajomo, stressed that the importance of data cannot be overemphasised
in the pension industry as data is currently being used to sanitize the
He said: “If there was a golden
thread that ties …read more