Retirees of Stanbic IBTC Pension Managers Limited have been charged to prepare a will in readiness for future eventualities.

Dr. Kola Abayomi, Principal Partner of Dr. Kola Abayomi Chamber who gave this admonition noted that doing a Will before a retiree departs mother earth will protect the retirement saving, of the retirees.

Abayomi, who stated this at the Stanbic IBTC Pensions Retiree Forum, which was held at the National Theatre in Lagos noted that the best way to safeguard pension investment is to draw a will. Accordingly, retirees must state on their Will who they want to benefit from their pension savings, Abadyomi noted.

While it is highly beneficial to do a will, Abayomi reiterated that it is not only because of pension but for other benefits as well, revealing that a lot of families have been thrown in disarray because of the pension benefits left behind by a pensioner. This he said aggravated because the pensioner did not do a will stating categorically who he wants to benefit from his pension.

He therefore, maintained that it will do the retire of IBTC pension a world of good if only they will do a Will who will take over their benefit in their absence so as to prevent the scenario where families of the deceased begin to engage themselves in conflict over the pension of the retiree.

Meanwhile a total of N16 billion has been paid so far to retires registered with Stanbic IBTC pension manager Limited since inception. IBTC pension managers, a subsidiary of Stanbic IBTC Bank Plc, said it has over 700,000 Retirement Savings Accounts (RSAs) in its kitty and retirement assets in excess of N280 billion under management.

Mr Eni Fajenusin, executive director at IBTC pension Mangers who stated this in Enugu during a forum to celebrate retirees in the south-eastern part of the country revealed that the company currently pays over 14,000 retirees monthly.

The company’s regular interactive session, according to Fajemisin, is aimed at celebrating retirees and also providing a conducive plat form for them to share their total retirement experience as guaranteed under the PRA 2004 as well as also the company’s way of showing appreciation to the retirees and other stakeholders for their confidence in Stanbic IBTC pension managers.

According to him, we are passionate about caring for the future of our retirees and appreciating them when we have the opportunity to do so.

It is also an opportunity for them to meet with former colleagues who they have not seen for many years after disengagement from active employment.”

This year, Stanbic IBTC pension managers Limited has held such retirees’ not interactive sessions in Ibadan (for the South West, Kano North West) and Enugu (South East), and capping it up with the Lagos programme.

Mrs. Nike Bajomo, head of business development, Stanbic IBTC Pension Managers limited encouraged employers of labour who are yet to embrace the new pension scheme as stipulated under the law to do so to guarantee secured retirement for their employees. Stanbic IBTC Pension Managers Limited offers quality services and is committed to providing a safe investment haven and a good retirement plan.