Crusader Sterling Pensions Limited, a pension fund administrator, says it has launched its ‘Non-Interest Fund VI’ in line with the multi-fund investment structure of the pensions industry.

A statement obtained on Friday said the objective was to provide wider investment portfolio choices to retirement savings account holders and retirees.

The Managing Director, Mr Adeniyi Falade, said, “The non-interest pension fund complies with the provisions of Islamic Commercial Jurisprudence and other established Non-Interest principles, where assets are only to be invested in instruments that are free from speculation and uncertainty that can lead to destruction or loss.”

According to the statement, the non-interest pension fund is not just an interest-free system but a universal system that operates in developed and emerging markets and takes into account cultural and regional differences.

“The required investment strategy and back-end operations have been robustly established to ensure seamless operation of the fund by Crusader Sterling Pensions Limited,” it added.

This firm said the fund launch showed the determination of Crusader Sterling Pensions to drive greater financial inclusion and pension enrollment by providing services to an under-served sector of the economy and also repositioning it as a one-stop-shop for pension solution in Nigeria.

First Published On Punch Newspaper on the 22 November 2021

By NIKE POPOOLA