Retirement Planning Services
The main and only business of the company is to offer services that relate to Pension and retirement of Nigerian employees. The company offers advisory services for employees regarding Retirement Planning Services . This is to enhance the clients ability to plan their pension in the most professional manner.
Pension administration
We also offer advice to individuals and corporate organizations in respect of the administration of the Pensions and benefits under the Pension Reform Act 2004. Our Customer Care unit provides professional Pension management and advisory services to our potential RSA account holder who require complete understanding of the Pension scheme and how it works.
Retirement Savings Account (RSA)
This is the standard Employee’s Retirement Savings Account. This account keeps the record of pension contributions of individual employee that is registered with Oak pensions limited. The money on this account is the asset of the account holder. The fund is managed on behalf of the account holder until he reaches the age of fifty (50) years or retires whichever is later. The money is with our Pension Fund Custodian (PFC) – First Fund Custodian, a subsidiary of First Bank of Nigeria Plc. A statement of the account showing the value of the account including total contribution to date and current balances are to be sent to the account holder regularly. The account holder can also access the account details on the internet from our website – www.oakpensions.com. Please download the RSA form or complete online and forward to Oak pensions today.
Pension Fund Management Services
This service is available to new and existing Pension scheme that have been approved by Pencom to continue. We will provide effective administration of such fund and secure the best return to the subscribers under the scheme.
Voluntary Contribution Scheme
We also provide advice to clients that require information on the Voluntary contribution scheme. This is applicable to existing account holders who may want to contribute more that the statutory contribution of 7.5% of relevant income per employee and employers respectively.
