Pensions visit
Staff of the 水果派 of Nigeria (NOUN) have been presented with unique pension benefits when they join the聽First City Monument Bank聽(FCMB) firm, the head of the bank鈥檚聽Operational Service Department, Fortune Ogar, has said.
Ogar, who stated this聽during a visit聽to聽the headquarters of the university聽in Abuja, explained that the聽FCMB聽Pension聽Services have product and services they offer聽to聽those who want to switch from their pension group to聽the firm.
She聽said the firm,聽formerly called聽Legacy聽Pension,聽has since聽acquired 聽AIICO聽Pension聽to become the present-day聽FCMB聽Pension she said.
According to聽her, the purpose of the visit聽to the university聽was 聽to convince 聽those that want to join聽them to聽do聽so聽once they have been recaptured, saying that the聽FCMB聽Pension聽is聽part FCMB聽Group and they are licensed in Nigeria.
Cross section of participants
鈥淲e have various investors like the聽Kebbi聽State聽Investment聽Companies,鈥欌櫬燬he said聽of the firm鈥檚 formidable footing, stressing that 鈥渦nder the FCMB聽Group we have some group offerings that sometimes we advise our clients that they can be part of it if they want to .
鈥淲e don鈥檛 just offer pension, our group offers other things such as the banking sector, the credit direct 聽and also the 聽wills and trust. 聽For mortgage, that is done in the United Kingdom under the FCMB聽Group.鈥欌
Ogar聽further聽said they were at NOUN聽to advise those who are due to retire that the essence of the scheme was for staff to have some funds to fall back to when they retired.
鈥樷橶e feel聽we are all young but we should always have this at the back of our minds that one day will definitely retire. The aim 聽of this account was restructured after your retirement.聽The only time you can have access to this account is when 聽you have left employment or when you are retired,鈥欌櫬爏he said.
Question Time
Moreover, she explained that聽鈥淧ENCOM聽had聽came out with these two mode of payments聽under this scheme, so that if anyone decides that this is聽the聽time to retire, one can decide on who you want to pay your pension benefits:聽it is either you go for programme withdrawal, a product of a聽Pension聽Fund聽Account (PFA) or you move your funds to amenity which is a product of an insurance company.鈥
A number of staff present at the interactive session were moved with the explanation of the visitor, who had to answer dozens of questions and clarifications at the end of her presentation.