Stanbic IBTC denies flouting PenCom’s order on gifts

Stanbic IBTC Pension Managers Limited has dismissed reports on the offer of gifts and incentives to Retirement Savings Account (RSA) holders contrary to the National Pension Commission (PenCom)’s directive.

In a statement issued on Tuesday by Sunday Edetanlen on behalf of its media consultant, P+ Measurement Services, PFA described the reports as “unfounded, incorrect, and defamatory assertions.”

The statement read: “Our attention has been drawn to publications by some unguarded sections of the media wherein certain unfounded, incorrect, and defamatory assertions are being peddled about Stanbic IBTC Pension Managers.