Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings
PLC, is driving awareness and adoption of innovative pension solutions
introduced by the National Pension Commission (PenCom). These
initiatives, the Personal Pension Plan (PPP) and the Foreign Currency
Pension Plan (FCY) are designed to expand access to retirement savings,
preserve long-term value, and enhance financial security for Nigerians.
These initiatives reflect a broader effort to deepen financial inclusion
and adapt retirement planning to the evolving realities of today’s
workforce, where income patterns are increasingly flexible and, in many
cases, global.
The Personal Pension Plan (PPP) offers individuals a simple and flexible
way to retire on their own terms, regardless of employment status.
Contributors can save at their own pace and access up to 50% of their
contributions after a short period to meet urgent needs, while the
remaining portion is preserved for long-term security and accessible as
a lump sum when they retire. This makes the plan particularly relevant
for entrepreneurs, freelancers, and individuals in the informal sector.
The Foreign Currency Pension Plan (FCY) framework enables individuals
earning in foreign currencies to contribute directly. By allowing
savings to be held and withdrawn in dollars, the initiative helps
protect the retirement funds against exchange rate volatility and
preserves value for customers.
Speaking on the initiative, the Chief Executive of Stanbic IBTC Pension
Managers, Olumide Oyetan, said: “These solutions are designed to make
retirement planning more accessible and relevant for every Nigerian,
regardless of how they earn. By combining flexibility with value
protection, we are empowering individuals to take control of their
financial future while ensuring long-term security.”
Through these initiatives, Stanbic IBTC Pension Managers continues to
reinforce its commitment to delivering secure, professionally managed,
and inclusive retirement solutions for individuals and organisations.
Customers are encouraged to take advantage of these opportunities by
opening a Personal Pension Plan or contributing in foreign currency,
where applicable, by visiting any Stanbic IBTC Pension Managers branch
or the official website: www.stanbicibtcpension.com [1].
