GLICO PENSIONS TRUSTEE HOLDS MAIDEN PENSIONS FORUM
GLICO PENSIONS held its maiden Pensions forum to explain the dynamics of the National
Pensions Act, 2008 (Act 766) and to showcase its pension products data management
systems to corporate organizations.
GLICO PENSIONS has recently been licensed by the National Pensions Regulatory Authority
(NPRA) as corporate trustees to manage and administer Occupational Pension Schemes,
Provident funds and Group Personal Pension Schemes in line with the National Pensions Act,
2008 (Act 766).
The company currently offers the following pension products and services:
• GLICO Master Trust Occupational Pensions Scheme,
• GLICO Master Trust Provident Fund Scheme,
• GLICO Industrial Pension Scheme
• Third party administration of group personal pension schemes
In his welcome address, Dr. Sapara-Grant, General Manager of GLICO PENSIONS, indicated
that “retirement can be a real challenge if one does not plan properly; and in some cases, it
can even lead to ones early death. It is precisely to address this major concern of employers
and organizations that GLICO PENSIONS has taken the initiative to organize this forum to
showcase the company’s pension products and data management resources to enable
employers make informed decisions about their choice of pension scheme administrator”.
The Guest Speaker, Mr. Sam Pee Yalley, Ag. CEO, NPRA also emphasized the need for every
individual to plan his/her retirement. He encouraged organizations to use approved trustees
to manage their pension schemes and provident fund schemes since these bodies have
been certified upon meeting the criteria for approval by the National Pensions Regulatory
Authority.
Mr. Harry Owusu, Board Chairman of GLICO Life Insurance Company and Chairman for the
occasion, commended GLICO PENSIONS for the initiative to organise the forum and
encouraged Management of the Company to continue to adopt sound and ethical
management practices in their dealings since that is the key to business growth and
expansion.
Participants also indicated that the forum had enlightened them further on the National
Pensions Act and also clarified options available to employers for managing the
occupational pension schemes and provident fund schemes for their employees.
GLICO Pensions Trustee Company is a subsidiary of Glico Life Insurance Company with
remarkable track record in the provision of insurance and financial services. With the
addition of Glico Pensions, GLICO has become a one-stop shop for insurance and financial
services.
Released by:
CORPORATE AFFAIRS DEPARTMENT
GLICO GROUP
Tel: 020 2223949
Email: [email protected]