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Read about our business, mission & vision, values & principles and the distinctive characteristics that make Trustfund the preffered Pension Fund Administrator (PFA) of Nigerian workers across all sectors. |
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| Ownership |
The ownership of Trustfund Pensions Plc is diversified and reflects various interests, which include the representative bodies of Nigerian workers, employers, and financial institutional investors from the private sector.
Share ownership structure
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- Nigeria Labour Congress (NLC), the Trade Union Congress (TUC), the Nigeria Employers Consultative Council (NECA)
- The Nigeria Social Insurance Trustfund (NSITF)
- Afribank (Nig) Plc, Niger Insurance Plc, and Denham Asset Management.
The ownership structure bestows on Trustfund Pensions Plc a unique advantage of competence, reliability, experience, professionalism, and trust. |
| Capital Base |
| The authorized share capital of Trustfund Pensions Plc is N1billion with a Paid-Up Capital of N800,000,000.00. This far exceeds the minimum paid-up share capital of N150,000,000.00 required of PFAs under the Pension Reform Act 2004, and is an indication of Trustfund’s financial strength, commitment and belief in our business, foresight and unshaken stability in the future. |
| Experience |
| Trustfund Pensions Plc is an off-shoot of the oldest pension fund institution in Nigeria, Nigeria Social Insurance Trust Fund (NSITF), which has been in the business of pension funds management for over 40 years. Pensioners who retired under the National Provident Fund (NPF) scheme of 1961 and the NSITF scheme of 1993 are some of the pensioners on the monthly pension payroll of Trustfund.Our experience is unrivalled and conveys the requisite stability, confidence and Trust required in the management of long term savings scheme. This means upon retirement and at a time when members most need their retirement savings, Trustfund Pensions Plc can be counted upon to be there for them. |
| Information Technology Network & Communications |
| Trustfund’s operates seamless on-line real time transaction mode.In order to provide unparalled and value added services anytime and anywhere, we are leveraging on a cutting edge technology, SONDA AFP>NET, being deployed by Sonda of Chile, which is one of the foremost information Technology platforms known in the pension funds industry worldwide, while our hardware is supported by HP.Without barriers of time and location, our expansive network and information & communication technology infrastructure ensure you are always in touch with us and provide 24/7 round the clock service and on-line access to your account information through the internet,24/7 call center and several service centers.ATMs and other communication facilities would also be provided in due course. |
| Branch Network and Service Center |
| Trustfund Pensions Plc can be accessed in over 400 locations across Nigeria,including the Federal Capital Territory (FCT), Abuja,where its Head Office is locatedThis included all 38 branches of Trustfund, all branches of Zenith Bank Plc, Diamond Bank Plc, Afribank Plc and Niger Insurance Plc.Our extensive network ensures that we are close to our members and attend to their needs personally, make remittance of their contributions easy, and collection of their pensions very convenient. |
| Best Practice Processes |
| Trustfund’s processes and operations conform with the best international practices, and are supported by Accenture, a leading international consulting company, and Sonda of Chile, a foremost IT solution provider in the pension fund industry. It is worthy of note that modern contributory pension saving scheme originated in Chile, which maintains one of the best managed pension schemes worldwide. |
| Board and Management Profile |
Owing from the diversified ownership structure, the Board of Trustfund are drawn from NSITF, NECA, NLC, TUC, Afribank, Niger Insurance, and Denham Management Ltd.The Directors are persons with the right experience and who have earned public confidence in the management of public funds.
The management staff, recruited by Accenture are carefully selected from the foremost institutions in the financial services industry to provide the blend of skills, service, experience and professionalism required in the management of funds held in trust for employees. |
| Click to read details of our Board and Management Staff Profile>>> |
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