Stanbic IBTC Pension Managers is Nigeria’s largest pension fund administrator with over 970 000 individual retirement savings accounts (RSA) holders’ nationwide and over N649 billion in assets under management as at March 2012. In addition, we pay over 23 000 retirees more than N1 billion monthly; and have paid over N109 billion to retirees since inception.
We are a subsidiary of Stanbic IBTC Bank and have an authorized and paid-up capital of N1 billion and shareholders’ funds in excess of N6.5 billion unimpaired by losses.
SIPML is a joint venture between Stanbic IBTC Group and two other leading Nigerian financial institutions: The Stanbic IBTC Group owns 70.59% of the company and the balance of 29.41% is held by Access Bank PLC and Linkage Assurance PLC.
Stanbic IBTC Pension Managers currently operates from nine regional offices and over 180 other locations nationwide.
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