FUG Pension assets hit N30bn -Maduka Nweke

Determined to ensure international best practices and ser­vices for retirees that regis­tered with it, FUG Pension with N30 billion assets un­der management recently hosted its clients at its office at Sabo, Yaba, Lagos.
The PFA managing ac­counts of over 3,500 retirees, says its target is to provide a cutting-edge global standard service delivery that would draw every retiree to it.
According to the Managing Director of the Fund, Mr. Us­man Suleiman, the company had over the years acquired state-of-the-art technology that enhanced its service deliv­ery, with key structures like re­lationship management taking care of internal and external relations that further give its Retirement Savings Account (RSA) holders and retirees management confidence.
Speaking on the company’s prospects, Mr. Adeyinka So­gunle, Acting Chairman, said these structures had not only bolstered patronage, but also positioned the PFA for market competition.
Sogunle noted that total payment made to retirees from inception till date was N3 bil­lion, while the RSA holder unit price had cumulatively grown from N1 to N1.82 kobo.
He added that investment return has grown by 82 per cent, noting that the board and management of the company had ensured safety and good investment returns for its con­tributors and retirees.

Culled from the sun