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By Henry Uche
NLPC Pension Fund Administrators (NLPC Pension) has demonstrated a steadfast commitment to its clientele, having disbursed a substantial N200 billion to retirees and other beneficiaries since its establishment in 2004. This significant milestone was highlighted by Mr. Seun Babalola, the Executive Director (Operations), during a press briefing in Lagos where he also announced the company’s rebranding efforts.
According to Babalola, NLPC Pension now serves a diverse customer base of 400,000 individuals across various demographics. As of June 2024, the firm’s Assets Under Management have reached an impressive N470 billion, underscoring its robust financial stewardship and expansive growth trajectory.
In response to regulatory directives from Pencom, NLPC Pension has disbursed N340 million to 38 customers seeking equity contributions for mortgage purposes within a six-month period. This initiative reflects the company’s proactive approach to meeting customer needs and enhancing financial accessibility.
Speaking on the rationale behind the rebranding, NLPC Pension’s Managing Director/CEO, Mr. Samuel Abolarin, emphasized the need for clarity and market relevance. Formerly known as NLPC PFA, the decision to rename to NLPC Pension aims to simplify their identity and clarify their role as pension fund administrators. Abolarin highlighted that the new name and logo, featuring a shield symbolizing protection, aim to convey their commitment to safeguarding customers’ financial futures.
Abolarin commended Pencom for its efforts in streamlining the retirement process for Nigerians and stressed NLPC Pension’s dedication to prudent investment strategies that prioritize customer interests.
He urged increased public awareness and education on the Contributory Pension Scheme (CPS), advocating for seamless access to retirement benefits and emphasizing the company’s timely remittance of contributions.
Echoing this sentiment, Mr. Olabiyi Emmanuel, Head of Corporate Affairs, explained that NLPC’s rebranding initiative was driven by a desire to bridge informational gaps and enhance market perception.
By prominently featuring “Fund Administrators” in their new logo, NLPC Pension aims to reinforce their role in managing and protecting financial assets diligently.
Emmanuel affirmed NLPC Pension’s commitment to excellence, stressing their dedication to customer satisfaction and business sustainability. With a renewed focus on clarity and service quality, NLPC Pension is poised to deliver enhanced value and a superior customer experience in the pension management sector.
