FCMB Micro Pensions

Tags
Micro Pensions

Service Provider: FCMB Pensions

Manager
Manager

FCMB Pensions

Status
Status

Open

Last Updated
Last Updated

December 31, 2020

About Provider

FCMB Pensions Limited (formerly Legacy Pension Managers Limited) is a private limited liability company incorporated on 7th of April 2005. It is duly licensed by the National Pension Commission (PenCom), to carry on business as a Pension Fund Administrator (PFA) as defined under...

Product Analysis

Performance
Vendor Rating
3.0 Rating
Performance
Offer Rating
3.0 Rating
Performance
Risk Analysis
Low

About this Product

The Micro Pension Plan (MPP) is voluntary and solely funded by the contributor who must not be below 18 years of age with legitimate source of income as contained under Section 2 (3) of the PRA 2014 The Micro Pension Plan has several benefits which include;

- Flexible contribution remittances

- Opportunity to make withdrawal prior to retirement (40% of contribution)

- Achievement of economic stability objectives of contributors

- Financial independence in old age

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