FCMB Pensions has disbursed more than N200bn to retirees and other beneficiaries in the 20 years since it began operations as a licensed Pension Fund Administrator (PFA).

The Managing Director, Mr Christopher Bajowa, disclosed this while reflecting on the organisation’s two decades of operations following its licensing by the National Pension Commission (PenCom).

To mark the anniversary, Bajowa led the staff of FCMB Pensions on a road walk across key locations in Abuja, including Wuse Market, as part of an awareness campaign aimed at educating traders, artisans, and other informal sector workers on the benefits of the Contributory Pension Scheme and the Micro Pension Plan.

According to him, the Micro Pension Plan has become a major focus of PenCom and represents significant growth potential for the pension industry.

"We have been in operation for over 20 years, and we are pleased with the progress recorded so far," Bajowa said. "The Micro Pension Plan offers a unique opportunity to expand pension coverage, particularly among the informal sector. It is a viable savings option for the future and retirement.

"The scheme has been repositioned to accommodate everyone. Whether you are an artisan, trader or self-employed, you can participate and benefit from PenCom-approved pension products."

Bajowa noted that FCMB Pensions has so far paid over N200bn to retirees and other beneficiaries, stressing that the company remains focused on strengthening service delivery through digital transformation and the deployment of technology-driven solutions.

"We are not resting on our achievements. Our goal is to continually enhance customer experience by leveraging technology to bring our services closer to our clients," he added.

Explaining the rationale behind the road walk, Bajowa said it served to promote staff wellbeing, deepen public awareness and strengthen the company’s engagement with host communities.

"It underscores our commitment to healthy living and reinforces the fact that our people are our greatest asset. It also provides a platform to educate the public on the Personal Pension Plan, especially traders and self-employed individuals who often believe a pension is only for salaried workers," he said.

The road walk, he added, also enabled the company to interact directly with the communities it serves, reinforcing trust, visibility and corporate responsibility.

Reflecting on the company’s journey, the managing director said the 20-year milestone highlighted the resilience and dedication of its workforce.

"Our journey has been defined by challenges, lessons and achievements. Every milestone reached and every client served reflects the dedication of our team, whose commitment has driven our growth and success over the years," he said.

FCMB Pensions was incorporated on April 5, 2005, and commenced operations later that year.

Source: thewhistler.ng