The document is a quarterly newsletter from Stanbic IBTC Pension Managers providing information to pension fund holders. It summarizes fluctuations in the Nigerian stock market due to declining oil prices and foreign investor pullout. It notes the Pension Fund Administrator has maintained a conservative investment approach of less than 15% in equities. The newsletter also provides instructions for signing up for electronic statements and highlights the current value and portfolio allocation of the Stanbic IBTC RSA Pension Fund.
The document is a quarterly newsletter from Stanbic IBTC Pension Managers providing information to pension fund holders. It summarizes fluctuations in the Nigerian stock market due to declining oil prices and foreign investor pullout. It notes the Pension Fund Administrator has maintained a conservative investment approach of less than 15% in equities. The newsletter also provides instructions for signing up for electronic statements and highlights the current value and portfolio allocation of the Stanbic IBTC RSA Pension Fund.
The document is a quarterly newsletter from Stanbic IBTC Pension Managers providing information to pension fund holders. It summarizes fluctuations in the Nigerian stock market due to declining oil prices and foreign investor pullout. It notes the Pension Fund Administrator has maintained a conservative investment approach of less than 15% in equities. The newsletter also provides instructions for signing up for electronic statements and highlights the current value and portfolio allocation of the Stanbic IBTC RSA Pension Fund.
The document is a quarterly newsletter from Stanbic IBTC Pension Managers providing information to pension fund holders. It summarizes fluctuations in the Nigerian stock market due to declining oil prices and foreign investor pullout. It notes the Pension Fund Administrator has maintained a conservative investment approach of less than 15% in equities. The newsletter also provides instructions for signing up for electronic statements and highlights the current value and portfolio allocation of the Stanbic IBTC RSA Pension Fund.
Anyone that has watched the Nigerian stock market news for an extended period of time or even over the course of one day would have noticed the market fluctuation. This is because foreign investors who make up about 50% of participants in the stock market are pulling out, since they know that the Nigerian economy significantly depends on oil revenue and they expect the economy to weaken due to the drop in the price of crude oil from $115 per barrel in June 2014 to about $57 per barrel as at 31 December 2014. As the foreign investors exit, the prices of stocks decline and this impact caused the market to lose 16.14% of its value in year 2014. This is why you have observed some fluctuation in the value of your RSA fund. Though, the investment guidelines issued by the National Pension Commission (PenCom) allows Pension Fund Administrators (PFAs) to invest up to 25% of pension assets in equities, Stanbic IBTC Pension Managers has maintained a more conservative approach to investment and currently holds less than 15% of the RSA fund in equities. However, holding equity investment is important as it has historically been proven that it beats inflation in the long term. This fluctuation is a temporary phenomenon that will correct itself in the long run, as investors regain confidence in the market and the sell down eases.
Sign up for email only RSA statement and enjoy a world of convenience Sign up to receive your quarterly RSA statement via email only through any of the channels below. Simply: Send your mandate to [email protected] via your registered email address Visit any of our over 217 service locations across Nigeria Visit our website www.stanbicibtcpension.com and click on the sign up banner Use our sms Short Code. Text MAIL RSA number and email address using the mobile number we have on record for you (e.g. MAIL PEN********* [email protected]) to 30388 Sign up via our Stanbic IBTC Pension Mobile App Sign up through the link in the comic email Log on to your RSA online via our website www.stanbicibtcpension.com The Stanbic IBTC RSA Fund
Important Information
The Stanbic IBTC RSA Fund (The Fund) which opened on
02 May 2006 at N1.0000 closed at N 2.5131 as at 31 December 2014. In line with investment guidelines issued by the National Pension Commission, the Funds portfolio allocation was as follows on 31 December 2014: Government Securities (74.89%), Money Market (7.54%), Quoted Equities (14.76%), and Other Fixed Income (2.81%).
Stanbic IBTC Pension Managers Limited will NOT ask for
gratification (e.g. money, recharge card etc.) before or after processing your benefits application. Kindly disregard ANY request for gratification neither should you offer money to any organization, agent or staff for the processing of your retirement benefit.
This publication is for information purposes only, Stanbic IBTC Pension Managers Ltd and its employees make no representations as to the accuracy and completeness of the information contained in this bulletin. We therefore accept no liability for any loss arising from the use of such information. Enquiries in relation to any of the matters herein may be directed to our Customer Care team on 01 2716000 or via email [email protected]
Development of Gravity Pendulums in The 19th Century Contributions From The Museum of History and Technology Papers 34 44 On Science and Technology Smithsonian Institution 1966 2
