Radix Pension grew RSAs by 450%
Radix Pension Managers, one of the Pension Fund Administrators in the country, said it grew its Retirement Savings Accounts from 4,000 to 22,000 in barely one year of operations under a new board and management.
According to a statement, this represents a 450 per cent growth in the company’s RSA holders.
The Managing Director of the PFA, Kunle Adeboye, said the company, formerly trading as IGI Pension Fund Managers Limited, and launched in October 2017, planned to close this year with a better outlook.
He said the company focused on providing good returns on investment and ensuring maximum safety of the fund under its management, in line with regulations of the National Pension Commission.
The managing director said that the company had been able to manage and invest both its RSA and retiree funds properly, such that its unit price had been growing steadily on a monthly basis.
He stressed that the unit price of the company had been on the top table of unit prices of the PFAs out of the 21 existing PFAs since a year ago.
He noted that the firm had hovered mostly between first and second and few times up to the seventh position.
Adeboye added that the company was working to be one of the top players in the pension space.
He said, “In the industry, there are two things that are important to all stakeholders -the safety of pension assets and the return on investment.
“For us at Radix, we are assuring our customers and potential clients of a good return on investment and safety of funds alongside best-in-class customer services – dynamic and efficient administration of pension fund under management, prompt pension payments and excellent pension advisory.
“We are doing a lot of things differently because we are a young and dynamic PFA. In one year of our operation, we have been able to grow our RSAs significantly.”