Home Latest Insights | News Two Days At Stanbic IBTC Pension – Pension, Pentech and Service

Two Days At Stanbic IBTC Pension – Pension, Pentech and Service

Two Days At Stanbic IBTC Pension – Pension,  Pentech and Service

For two days, I joined the experts at Stanbic IBTC Pension Managers  to learn about pension in Nigeria. As an employer, I have wanted to understand from the experts the whole nexus, while exploring if there are ways we can improve what we do, and offer in our companies. Also, with many startups in our portfolios, I wanted to become more knowledgeable in this domain of pensions and broad retirements.

Specifically, I wanted to understand how they can beat inflation and deliver real value, not just on absolute figures, but on time-value of money. As I listened during the sessions, they made a case that “Your retirement from work should not mean retirement from your aspirations.” Then, the 150-company history, on managing money, came through. It was an amazing two-day pension knowledge excursion. Like this photo shows, I like the company and is always in their midst!

Nigeria has advanced on its pension reforms with the transfer window introduction. With the lock gone, I expect quality service, technological innovation and cost efficiency to accelerate in the industry. I saw some elements of what is to come – and it looks promising. The redesign is massive, and I see an emerging Pentech (pension technology) on the horizon -Layo Ilori-Olaogun was superb on the pension digitization playbook. Great people in that company.

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Yet, like I asked the Stanbic IBTC Pension Managers team, “I like your products and the technologies. But yet, any luck when startups would see some of the industry assets as investments?” Can the regulators ask for that?


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