The Managing Director, Chief Executive Officer of the FCMB Pensions, Christopher Bajowa disclosed that the company has so far disbursed over N200billion in benefits payouts to both retirees and other beneficiaries since inception.
Bajowa disclosed this during the organisation sensitization walk as part of activities marking the 20-year anniversary of the Pension Fund Administration (PFA) in Abuja, stating that even with the full disbursement the company is not yet there as it desires to do more.
He said: “All efforts are geared towards deploying digital technologies to get close to customers and also deliver services with speed and efficiency. The company would also seize opportunities in Micro Pension which is currently the focus area of the regulator (PenCom) to ensure their full inclusion in PenCom activities.
“As you know, at this time, micro pension is the focus area for our regulator and it represents a big opportunity to grow inclusion in the pension industry. Which is why we are commencing this walk to the market place where a lot of micro businesses operate, this will enable us educate and convince them to be part of the pencom activities in the country.
“Even with the challenges of low retiree payouts and high inflation, pension assets have grown to over N26 trillion, under the Contributory Pension Scheme (CPS). We take customers feedback very seriously, because we learn from these feedbacks.”
The MD noted that the walk activities is to enable FCMB Pencom reach out to micro businesses, talk to them, give them reasons why they should be captured under the Pencom plan, assuring that no part of the society Will be left out. It is all about inclusion. Customers should be able to reach FCMB pencom through digital platforms, physical offices and other platforms. The walk which starts from the FCMB Pensions office at Central Business District (CBD) will end at the popular Wuse Market in Abuja.
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