Our Service Offerings
Safety of Pension Assets
Safekeeping Services
- Register the assets in the joint names in line with the PenCom regulations and keep physical securities in a dedicated vault.
- Separate assets of the Custodian from its clients’ i.e. UBA Pensions assets maintained separately from PFAs and CPFAs assets. .
- Register the assets in the joint names in line with the PenCom regulations and keep physical securities in a dedicated vault.
- Separate assets of the Custodian from its clients’ i.e. UBA Pensions assets maintained separately from PFAs and CPFAs assets. .
Trade Settlement
Settlement and Clearing
- As the “registered owner”, act in an agency capacity in the settlement of transactions on behalf of clients.
- Ensure Delivery Vs Payment/Receipt Vs Payment.
- As the “registered owner”, act in an agency capacity in the settlement of transactions on behalf of clients.
- Ensure Delivery Vs Payment/Receipt Vs Payment.
Timely and Effective Corporate Action
Corporate Action Administration
- Protect the funds’ rights and entitlements in any corporate entity – mergers, take-over, right issues, bonus issues and stock splits.
- Protect the funds’ rights and entitlements in any corporate entity – mergers, take-over, right issues, bonus issues and stock splits.
Income Collection
Income Collection – dividends, coupons and interest.
- Independently calculate, track and receive all due entitlements.
- Independently calculate, track and receive all due entitlements.
Proxy Voting
Proxy Voting Services
- Ensure clients are aware of all meetings (AGM’s, EGM’s) and clients’ voting instructions are executed correctly and on time. .
- Ensure clients are aware of all meetings (AGM’s, EGM’s) and clients’ voting instructions are executed correctly and on time. .
Benefits Disbursement
Seamless Benefits Disbursement
– lump sum, programmed and quarterly payments.
- Electronic transfer/payment of retirement benefit to various retiree bank account across the nation on due dates.
– lump sum, programmed and quarterly payments.
- Electronic transfer/payment of retirement benefit to various retiree bank account across the nation on due dates.
Investment Accounting
Provide primary records through delivery of a full accrual trade date accounting treatment of all the assets and liabilities associated with the investment portfolio of funds under custody. This will include:
- Portfolio Valuation
- Purchase and Sales Reports
- Cash/ Bank Statements
- Portfolio Valuation
- Purchase and Sales Reports
- Cash/ Bank Statements
Performance Measurement
Statistical analysis on clients’ investments are provided and compared this with specific benchmark portfolios as specified by PenCom e.g. the Nigerian All-Share Index. Furthermore, we provide performance attribution analysis and risk-adjusted performance measurement using our IT solution. This enables the client determine what risks the investment manager is taking and compare actual return versus the risk taken by the manager.
Contribution Collection
Contribution Collections Mechanism
Collection of pension contributions for employees across the nation leveraging on parent company’s business office network.
Collection of pension contributions for employees across the nation leveraging on parent company’s business office network.
Asset Transfer and Registration
Seamless Assets Transfers and Re-registration
- Facilitate seamless re-registration of asset transfer under continued schemes.
- Facilitate seamless re-registration of asset transfer under continued schemes.
Compliance Monitoring
Monitor fund manager’s investment activities to ensure compliance with PenCom guidelines.
Regulatory Reporting
Fund benefits from regulatory reporting services such as PenCom returns, VAT, WHT.
Reporting and Accounting
Portfolio Valuation Report
Daily portfolio valuation report with details of investment position in stocks and cash plus details of transactions that have been processed over clients’ account
Daily portfolio valuation report with details of investment position in stocks and cash plus details of transactions that have been processed over clients’ account
