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‘Adoption of micro pension’s scheme key to financial inclusion’

Micro pension has been identified as one of the channels that can be applied to drive financial inclusion in the nation’s economy, the Managing Director of IEI Anchor Pension, Glory Etaduovie, has said.

According to him, the micro pension involves helping the low income, the unstructured businesses, individual professionals, retail outlets, the unexposed and the artisans, develop a virile savings culture, getting benefits of financial advice, affordable credits and enhancing minimum capacity to access same, payment and remittances platform and benefits of insurance and banking services.

He said IEI Anchor Pension, was working in this regard to avoid being left out, noting that most, if not all of the Pension Fund Administrators (PFAs), have internal structures largely in place already.

“These include closely monitoring the Regulator’s ‘dance’ steps and domiciling same in our company. Staffing and a robust ICT network is being enhanced.”

The Guardian, Monday 18, February.

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