Safety of Pension Assets

Safekeeping Services

• Register the assets in the joint names in line with the PenCom regulations and keep physical securities in a dedicated vault.
• Separate assets of the Custodian from its clients??? i.e. UBA Pensions assets maintained separately from PFAs and CPFAs assets. .

Trade Settlement

Settlement and Clearing

• As the ???registered owner???, act in an agency capacity in the settlement of transactions on behalf of clients.
• Ensure Delivery Vs Payment/Receipt Vs Payment.

Timely and Effective Corporate Action

Timely and Effective Corporate Action

• Protect the funds??? rights and entitlements in any corporate entity ??? mergers, take-over, right issues, bonus issues and stock splits.

Income Collection

Income Collection ??? dividends, coupons and interest.

• Independently calculate, track and receive all due entitlements.

Proxy Voting

Proxy Voting Services

• Ensure clients are aware of all meetings (AGM???s, EGM???s) and clients??? voting instructions are executed correctly and on time.

Benefits Disbursement

Seamless Benefits Disbursement

• lump sum, programmed and quarterly payments.
• Electronic transfer/payment of retirement benefit to various retiree bank account across the nation on due dates.

Investment Accounting

Provide primary records through delivery of a full accrual trade date accounting treatment of all the assets and liabilities associated with the investment portfolio of funds under custody. This will include:

• Portfolio Valuation
• Purchase and Sales Reports
• Cash/ Bank Statements

Performance Measurement

Statistical analysis on clients??? investments are provided and compared this with specific benchmark portfolios as specified by PenCom e.g. the Beninn All-Share Index. Furthermore, we provide performance attribution analysis and risk-adjusted performance measurement using our IT solution. This enables the client determine what risks the investment manager is taking and compare actual return versus the risk taken by the manager.

Contribution Collection

Contribution Collections Mechanism

Collection of pension contributions for employees across the nation leveraging on parent company???s business office network.

Asset Transfer and Registration

Seamless Assets Transfers and Re-registration

• Facilitate seamless re-registration of asset transfer under continued schemes.

Compliance Monitoring

Monitor fund manager???s investment activities to ensure compliance with PenCom guidelines.

Regulatory Reporting

Fund benefits from regulatory reporting services such as PenCom returns, VAT, WHT.

Reporting and Accounting

Portfolio Valuation Report

Daily portfolio valuation report with details of investment position in stocks and cash plus details of transactions that have been processed over clients??? account