Personal Pension Plan
Under the new Pension Revolution 2.0 by PenCom, you can now open a Personal Pension Plan (PPP) — a flexible retirement savings option tailored for self-employed individuals, informal sector workers, formal sector employees making voluntary contributions, previously exempt groups (e.g., Armed Forces, Intelligence Services) and parents/guardians saving for children under 18.
Some of the benefits
Safety & Trust
Backed by Stanbic IBTC Holdings and licensed by National Pension Commission (PenCom) - a leader in financial services for over 20 years
Convenience
Access your account via internet, phone, email, and SMS – anytime, anywhere
Strong Track Record
Trusted by thousands of contributors across Nigeria
Competitive Returns
Grow your savings with attractive ROI on your contributions
Who Can Join PPP?
- Formal sector employees (private, public, state) making additional contributions
- Self-employed professionals (freelancers, consultants, business owners)
- Informal sector workers (traders, artisans, drivers)
- Members of Armed Forces, Intelligence & Secret Services
- Parents/guardians saving for children under 18 (ownership transfers at 18)
How to Get Started
1. Open a Retirement Savings Account (RSA) with Stanbic IBTC Pension Managers
2. Provide Required Documents:
- National Identification Number (NIN)
- Registered phone number
- Valid bank account for contributions
3. Already have an RSA? No need to open a new one — just activate PPP contributions!
Key Things to Know
- Contributions are made via CBN-approved channels: bank transfers, auto-debits, USSD, POS
- Split Structure: 50% for contingent withdrawal, 50% for retirement savings
- Access up to 50% of your contributions after 3 months of initial deposit
- Withdrawals allowed twice per quarter from the contingent portion
- At retirement (age 50+), choose full withdrawal or Programmed Withdrawal
Call to Action (CTA)
- Start your PPP journey today and speak to a Pension Advisor
- Contact Info:
- Call: 0201 271 6000
- Email: [email protected]
- Want to Learn More?
- Visit our FAQs Section to explore detailed answers about PPP, eligibility, and benefits.
- Visit our FAQs Section to explore detailed answers about PPP, eligibility, and benefits.
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Who Can Join PPP?
-
How to Get Started
-
Key Things to Know
-
Call to Action (CTA)
- Formal sector employees (private, public, state) making additional contributions
- Self-employed professionals (freelancers, consultants, business owners)
- Informal sector workers (traders, artisans, drivers)
- Members of Armed Forces, Intelligence & Secret Services
- Parents/guardians saving for children under 18 (ownership transfers at 18)
1. Open a Retirement Savings Account (RSA) with Stanbic IBTC Pension Managers
2. Provide Required Documents:
- National Identification Number (NIN)
- Registered phone number
- Valid bank account for contributions
3. Already have an RSA? No need to open a new one — just activate PPP contributions!
- Contributions are made via CBN-approved channels: bank transfers, auto-debits, USSD, POS
- Split Structure: 50% for contingent withdrawal, 50% for retirement savings
- Access up to 50% of your contributions after 3 months of initial deposit
- Withdrawals allowed twice per quarter from the contingent portion
- At retirement (age 50+), choose full withdrawal or Programmed Withdrawal
- Start your PPP journey today and speak to a Pension Advisor
- Contact Info:
- Call: 0201 271 6000
- Email: [email protected]
- Want to Learn More?
- Visit our FAQs Section to explore detailed answers about PPP, eligibility, and benefits.
- Visit our FAQs Section to explore detailed answers about PPP, eligibility, and benefits.
FORMS AND DOWNLOADS
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Transfer Information
Welcome! Are you considering becoming a member of the Stanbic IBTC Family? We’d love to have you on board. With us, your RetireWell is sure, your fund safety is guaranteed and access to your account is at your fingertips! With over 2 million clients, we have vast experience in fund management which our retirees can attest to. We also ensure we remain accessible to you with numerous office locations nationwide and multiple touchpoints from which you can contact us.
Contributing to a Retirement Savings Account
In accordance with the Pension Reforms Act (PRA) 2014, employers are required to make contributions to the Retirement Savings Account (RSA) of their employees. The minimum is 10% for the employer and 8% for the employee. Following the introduction of the new platform by the National Pension Commission in collaboration with the approved Payment Solution Service Providers (PSSPs), payments must be made through the Online Pension Contribution Remittance System (PCRS). These payments are exclusively made by employers and are credited to the RSAs of employees once processed through the Online PCRS.