UniQue Pension Solutions
For the complete automation
of Pension administration in line with Pension Reform Act 2004.
we are pleased to introduce UniQue Pensions
that automates major aspects of the core businesses of a
Pension Fund Administration.
UniQue Pensions, a 100% web solution, is made up of Several Modules
that comprehensively address the needs of Nigerian Pension Fund Administrators (PFA).
All modules are developed to ensure compliance with PenCom policy and guidelines to the core.
The following are the highlights of each of the modules of UniQue Pension:
- This module enables your users such as agent, marketer and RSA holders to register
via the web and get their PIN immediately factoring in all validation and security requirements.
The module also initiates the conversion of Biometric to WSQ Format in accordance to PenCom stipulations.
- The PIN generation module reduces the otherwise labour-intensive process to one
with next to zero human intervention. It includes an XML file generator and Web Service interface options
to PenCom National Data Bank. This module manages both registration and update requests while allowing the
decentralization of PIN generation processes. It therefore eliminates the need
for the present cost intensive procedure of forwarding all registered forms nationwide to the Head Office.
Contribution Account Reconciliation
- The Contribution Account Reconciliation module is
a 3600 degree integrated solution provided by UniQue Pensions.
The module reconciles your Bank Statements and Schedules against those received from custodian and those sent by the Employers through your web portal. It manages un-credited contributions resulting from issue such as
‘No schedule’, ’No PIN’ or ‘Multiple remittances’
Customer Relation Management (CRM) Module
- This module through the web option successfully decentralise the CRM demanding request.
UniQue Pensions CRM module allow only authorised staff to access and print documents such as statements
of account, certificates of registration and Employer statements.
Referral and Approval process is also put in place to manage changes allowed online.
Reversal Processes Management
- This module manages all contributions related reversal requests. The Reversals are carried out after
due approval procedure managed by the system with due regards for account profiling.
- This module computes contributions made by or on behalf of the employee.
All contribution types such as Legacy, NSITF, Additional Voluntary Contribution (AVC) and Normal
Contribution are automatically identified based on PenCom classifications.
All approved charges for each contribution type are applied automatically.
Benefit and Payment Administration
- This module calculates the Lump Sum and Monthly payment
amounts for a selected population or individual based on the PenCom PW rules.
The user has the flexibility of adjusting percentages of the lump sum within PenCom regulated limit.
The user has a choice of saving the run information to the database, producing detailed calculation worksheets,
or both. The Module effectively manages Refunds, Reversal, Inter Fund Transfer,
RSA Intra-PFA Transfer and payment such as: Legacy,
NSITF, AVC, Annuity, 25% and Missing Person/Death.
Fund Account Management
- This module adopts double entry booking in line with international accounting
reporting standards. UniQue Pensions is designed to process Funds, Employee and Employer Accounts,
Member Contributions and Bank Reconciliation Statements,
Fees and reversals according to the accounting standards published by PenCom.
- The Exit Management module provides platform for the management of all
forms of Exit Plan. It performs complex pension calculations ordinarily carried out on Excel
sheets using parameter definitions and other rules tailored to your PFA's pension plans as approved
by PenCom. Scope of the Exit Management module includes Termination of Employment,
Program Withdrawal, Life Insurance, Retirement, Transfer to another PFA etc
- Unique Solutions Messaging Module constitute a powerful suite of
high-end tools that help to effectively streamline Information dissemination, marketing
and customer relationship functions. Using just one user-friendly solution you can securely
store data, automate key business functions, enhance marketing, improve employee performance,
cut costs, and focus on maximizing customer satisfaction.
This solution is built to help PFAs to maximize customer satisfaction and loyalty, which in turn helps to improve customer retention