Written on March 21, 2021
NICO Pensions relaunches Ufulu Fund

NICO Pensions has relaunched the Ufulu Unrestricted Fund, for individuals, the self-employed and employer sponsored members.

The fund is designed to provide an avenue for investment of pension funds to provide income in retirement.  The fund is available where one has left employment and would like to preserve their benefits away from their employer’s restricted pension fund. It also provides an alternative for trustees of a restricted pension fund who want to encourage former employees to transfer out of the fund.  Employees may also wish to exercise their choice to place their benefits away from the employers’ restricted fund.  

NICO Pensions General Manager, Gerald Chima, said the Ufulu Unrestricted fund gives members peace of mind knowing that the pension benefits are being preserved and grown by a competently in the Ufulu Fund.

“In this case, the member deals directly with NICO Pensions as an administrator for their funds and as a corporate trustee. The Ufulu fund is further insured by NICO Life guaranteeing the capital and any returns declared at any point in time giving the member peace of mind.,” Chima said.

He assures that funds are wisely preserved with investments with NICO Asset Managers, earning competitive investment returns. 

“We have a well-diversified portfolio that includes listed and unlisted equities, Government Securities, Corporate Bonds property and Loans so you are guaranteed investment returns that are well above inflation,” Chima added.

The Ufulu Unrestricted Fund also gives members access to fund information on the online portal and access to statements. A member can therefore monitor their fund performance and growth online anywhere anytime if they have internet access. For those without internet access physical statements are made available.

NICO Pensions has registered competitive bonuses for the last ten years and remains committed to providing the best services to its pension members.

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