In order to 'get it right, first time!' and ensure that FCMB Pensions was perfectly positioned to offer the best retirement solutions to the working population of Nigeria, we took the following strategic steps:
Since incorporation as an Information Technology company,
Simplex Business Solutions Limited has remained a forerunner
in the development, installation and support/maintenance of customized
business software solutions, which cuts across various sectors within the
business environment: Financial Institutions, Pension Fund Industry, Health
Management Organizations, Leasing Firms and Insurance.
In line with Simplex mission of improving the competitive advantage of our clients and their operational efficiency, we have introduced our Integrated Business Solution (IBS) with over fourteen (14) business software modules, into the Nigerian market with a clientele base of over thirty (30) listed companies in Nigeria.
Simplex Business Solutions Limited is also a Strategic Partner of Qlik Ins. USA, owner of QlikView Business Intelligence Solution. Qlikview is a Business Discovery platform vested with the ability to help business leaders make effective and accurate pro-active decisions in their day-to-day business processes.
With a team made of skilled, dedicated and resilient professional staff, Simplex Business Solutions has maintained its operational and service standards, emerging as the preferred name in the delivery of customised Business Software Solution in Africa.
In line with the provisions of the Act we appointed UBA Pension
Custodians Limited a subsidiary of UBA Plc as our Pension Fund Custodian.
The decision to appoint UBA was made partly on the premise that the new scheme is focused on the individual contributor and therefore necessary to choose a custodian bank with an extensive branch network that could offer easy reach to all our contributors.
UBA is one of the largest banks in Nigeria. And with over 428 branches across Nigeria, it also has branches in some African Countries.
Furthermore, pursuant to the Act, the Custodian is required to provide a bond to PenCom for the value of the assets they hold on behalf of contributors. Therefore, considering the financial strength of UBA with over N650 Billion in assets, the bank is undoubtedly positioned to provide such cover and guarantee the safety of contributors’ funds.