In a bid to provide retirement savings that are consistent with moral beliefs and values, thereby enhancing ethical investing, Sigma Pensions has launched the non-interest pension fund known as the RSA Fund VI.
The National Pension Commission-approved fund would allow the Pension Fund Administrator to position itself as a pioneer of the non-interest RSA fund known as Fund VI, it said.
Mr. Dave Uduanu, Managing Director of Sigma Pensions, said at the launch during a virtual event, “The launch of the Sigma Pensions Non-Interest RSA Fund VI marks another first by Sigma Pensions as we continue to blaze the trail in the Nigerian pension industry.”
“This product is particularly unique in our market because, for the first time, it allows pension account holders to have pension solutions that align with their beliefs and values. We are grateful to the National Pension Commission for opening this door to promote financial inclusion in our country.”
Mr. Mark Collier, Chairman of the Board of Directors of Sigma Pensions Limited, stated that the fund would increase financial inclusion among an underserved segment of the Nigerian population, as well as deepen financial inclusion and pension enrolment.
Collier stated, “Sigma Pensions has launched RSA Fund VI for our esteemed customers and the general market alike for RSA account holders who wish to have their pensions managed in accordance with non-interest principles.”
“A vibrant non-interest pension offering will help to deepen the breadth and sophistication of the domestic pension and non-pension fund management industry. A key tenet of robust financial markets is the existence of many players on both demand and supply with diverse opinions, desires, and needs, allowing for a more efficient price-setting mechanism.”