The Managing Director of CrusaderSterling Pensions Limited, Mr Rotimi Adebiyi, has urged workers in the informal sector, to take up the micro pension plan to secure their financial future.
He said this when he led members of the staff on a pension awareness walk in Lagos to introduce the micro pension plan to entrepreneurs.
Adebiyi said the micro pension plan would avail its contributors the opportunity to also enjoy the benefits of having Retirement Savings Accounts.
He said, “We have had a superior performance in RSA Fund II since its inception. We are one of the top players in the industry, and this campaign is to educate our potential clients about the Micro Pension Plan.
“There are about 40 million workers in Nigeria, but less than about 11 million of those workers have Retirement Savings Accounts under the Contributory Pension Scheme. Therefore, there is still a very big net yet to be captured within the organised employment sector.
“That’s just on the CPS side. We still have many artisans who do not have pension accounts. That is why we are creating awareness for them to see the benefits of having a pension and opening their pensions with us in CrusaderSterling.”
The pension awareness walk commenced from the CrusaderSterling Pension’s office at Keffi Street in Ikoyi, Lagos to areas such as Obalende, Falomo Roundabout, Ademola Odeku, and Ahmadu Bello Road in Victoria Island, Lagos.
Speaking on the benefits of opening a micro pension plan with CrusaderSterling Pensions, the Head of SME & Informal Sector, Mrs Toyin Oduola, said, “We have had a superior return on investment for our contributors. This is an opportunity to make a choice with us.
“They will also enjoy our excellent service because we are very professional and uphold integrity as CPL core values. When it comes to customer care too, we ensure that we are reachable to our customers at any time via CPL self-service portal and mobile application.”
Stakeholders have identified a lack of confidence in the sector by Nigerians as one of the reasons for low insurance penetration in the country.
