Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC. and one of the leading Pension Fund Administrators (PFAs) in the country, has emphasised the need for workers to plan early for their retirement, saying that this is key to ensuring that they are comfortable in their old age.
Top officials of the Pension Fund Administrator (PFA) stated this at a webinar, tagged, “Myth Busters,” which was organized by the company to provide information regarding various misinformation and myths on pension fund management in Nigeria. Speaking at the session, the Head, Investment Management, Stanbic IBTC Pension Managers, Mr. Jide Allo, noted that young people are the greatest beneficiaries of the contributory pension scheme because time is on their side in terms of how much they would be able to contribute.to the scheme.