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Investment One records highest month on month growth on RSA Fund II
Investment One ranked first out of 22 Pension Fund Administrators, having recorded a 6.16% month on month growth on its Fund II, the highest among other PFAs.
Investment One Pension Managers have recorded the highest Month on month growth on Returns of Investment of RSA Fund II between March and April 2020.
This is according an assessment done by Pension Nigeria, a body that monitors the performance of all pension funds in all Pension Funds Administrators in Nigeria.
According to their assessment, Investment One ranked first out of 22 Pension Fund Administrators, having recorded a 6.16% month on month growth on its Fund II, the highest among other PFAs.
The company also performed well in its Fund I, III and IV.
Fund II is the default fund under the Multi-fund structure for RSA holders who are below 50 years old, and have not made any specific request to be moved to another fund. Fund I is a special but optional fund for RSA holders who are below 50 years old. It has the highest exposure to stocks among funds in the Multifund structure, so placement here is by request.
READ MORE: This is why retirement pension savers should be worried in 2020
If you are below 50 years old and you have not specifically requested that your PFA should move you to fund 1, then you will be in Fund II. You should pay particular attention to the performance of Fund I to help you in deciding whether to move to Fund I or not
Fund III is the default fund for RSA holders who are 50 years old and above, but have not retired, while Fund IV is the retiree funds for all RSA holders and has the lowest exposure to equity.
Investment One is a leading player in the Nigerian financial services industry. The company specialises in offering financial services in Asset management, stockbroking, Capital Management, Venture Capital Services, trust and pension fund management services.
It has among its clientele, individuals, corporate institutions, state governments and government agencies and parastatals.
It is an offshoot of the Guaranty Trust Bank Plc, and was first known as GTB Asset Management Limited when it commenced operations in 2008.
After GT Bank divested from the company, it was acquired by new investors and was renamed Investment One.
Investment One is one of the fastest growing Financial Services firms in Nigeria, and operates under the regulation of the Securities and Exchange Commission (SEC).
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AIICO partners NGO to feed underprivileged community
AIICO Insurance in collaboration with an NGO brought food items to residents of a Lagos community.
AIICO Insurance PLC, in partnership with We Stand Foundation, recently organized a Feeding Relief Programme to cater to the needs of underprivileged people in Lagos. Three hundred (300) families within the Iwaya community, Yaba, were beneficiaries of the relief packages which include a variety of food items and reusable nose masks.
Packaged food items shared
According to Abimbola Shobanjo, AIICO’s Corporate Responsibility and Sustainability Manager, “It was indeed a great delight to bring smiles to the faces of these people. Besides solving hunger, we also considered their wellbeing a high priority in view of the need to continue to keep safe. We leverage on key partners to spot opportunities and drive these initiatives.”
AIICO staff distributing to people in the community
The MD/CEO, Mr. Babatunde Fajemirokun, stated, “This endeavour is reflective of our corporate culture of touching lives and impacting communities. These are challenging times and we are mindful of the impact. We have a long-term plan in place to ensure the sustainability of these efforts.”
Representatives of AIICO and We Stand Foundation
It will be recalled that AIICO organized a similar programme during the lockdown period where food and other health and safety packages were distributed to people in different communities to mitigate the impact.
AIICO Insurance is a leading composite insurer in Nigeria with a record of accomplishment of serving its clients that dates back over 50 years. Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.
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Enjoy more value for voice and data with 9mobile’s reloaded Moreflex-plus
New and existing subscribers are in for incredible value in voice calls and data subscriptions.
9mobile subscribers are in for a treat as the telco has launched the Moreflex-plus package to enable its customers enjoy more value for both data and voice call services.
This new offer affords new and existing subscribers the opportunity to receive a combined value of voice call and data for one subscription on a Moreflex plus bundle.
To enjoy this exciting package, subscribers need to dial *320#, and those who purchase a weekly N500 bundle on MoreFlex plus would receive 500MB and voice call minutes of N1000.
A N1000 14 days bundle subscription on Moreflex plus will attract 1.5GB, and voice call minutes of N2000; 3GB and N4000 voice call minutes will be credited for a purchase of Moreflex plus N2000 monthly bundle.
According to the Acting Director, Marketing, 9mobile, Layi Onafowokan, the introduction of Moreflex-Plus shines the spotlight on 9mobile’s commitment to superior customer experience through offering innovative alternatives in the market that guarantee the best value for spend.
“With the relaunch of Moreflex plus, our customers, and indeed, all Nigerians can be assured that we are poised to roll out more creative offerings with the best value at the most affordable rates for everyone,” Onafowokan added.
Moreflex-plus is 9mobile’s all-in-one package reputed for unbeatable value through its unique bundled voice and data resources.
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OPay and WorldRemit partner to offer International Mobile Money Transfer Service
Partnership ensures customers continue to make affordable money transfers to family and friends.
Nigerian financial service technology company, OPay has announced a partnership with leading global digital payments platform WorldRemit, to offer international money transfers directly into OPay mobile wallets in Nigeria.
The partnership between OPay and WorldRemit will provide Nigerians with a fast, easy and more affordable way to receive money from over 50 countries including the United States, United Kingdom and Canada directly into their mobile phones.
“We are very excited about our partnership with WorldRemit. At OPay, our goal is to consistently drive financial inclusion across Nigeria, meeting the demands of the banked and unbanked. With this partnership, we will smoothen the process in which Nigerians receive money from friends and family abroad,” says Kunle Olamuyiwa, Director of Remittance Service at OPay.
With our seamless technology, OPay provides Nigerians with a much more comfortable and faster option for customers to receive money in the comfort of their homes. Our 300,000 agent locations spread across the country makes cash withdrawals more convenient,” Olamuyiwa adds.
(READ MORE:CBN takes another major step towards regulating Nigerian fintech firms)
OPay also offers an exciting opportunity for customers to save and invest their money in its FlexiFixed service, which offers up to 12% returns per annum.
The service, which launches in September 2020, is immediately available to all OPay customers on KYC 2 level and above. New customers can download the Opay app from the Google Playstore or iOS store and upgrade to KYC level 2 to instantly access the service.
“This partnership ensures that customers can continue to make affordable money transfers to their family and friends in the comfort of their homes. Together WorldRemit and OPay are disrupting traditional money transfer methods by delivering services that customers can access 24/7 via smartphones at their convenience.
“I’m pleased to share that we’ve reduced prices in 48 corridors and passed the savings onto our customers. With communities across the world having to change their lifestyles due to the disruption caused by Covid-19, we’re proud to play our part in making sure our customers can continue to support their family and friends throughout this challenging time,” says Gbenga Okejimi, Country Manager for Nigeria & Ghana at WorldRemit.
For details visit https://operapay.com/remittance/
(READ MORE: “We enable ATM withdrawals without a card” – Ecobank)
About OPay
OPay is a leading mobile money (MMO) and financial technology platform in Nigeria. Currently, it has a network of 300,000 agents, 5 million registered app users, and an ever-increasing range of financial and related services for Nigerians.
OPay launched its mobile payment service in August 2018, creating an infrastructure on which the company is now also adding new services. The agent-centric mobile payment operation focuses on reaching the massive unbanked population of Nigeria.
About WorldRemit
WorldRemit is a leading international payments company that enables users to transfer money to countries, including the Philippines, Kenya, Nigeria, Zimbabwe, and India, as well as choose whether transfer is received as a bank deposit, cash pickup, mobile money, and airtime top-up. The company was founded in 2009.
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