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BACK GROUND

Union African Pension Trust ltd was incorporated on 21st December, 1957. However the name was subsequently changed to unico Pension Trust ltd in December 1965. In June 2006, the name was changed to unico cpfa limited.

The company was initially formed to manage the Pension Fund of the Unilever interests in Nigeria. Subsequently, some of the companies in the group such as Lever Brothers (now Unilever), Nigerian Breweries, Guinness Nigeria left and formed their own pension funds.

Today, unico manages fund of all uacn plc group. These include Mr. Biggs Division, UAC Foods Division, MDS Logistics, and Menu Masters. It also manages the pension fund of its subsidiaries such as Spring Waters Nigeria Limited (SWAN), Warm Spring Waters Nigeria Limited (WSWNL), UACN Property Development Company Plc (UPDC Plc), Chemical and Allied Products Plc (CAP Plc), Grand Cereals and Oil Mills Nigeria Limited (GCOML) and GM Nigeria Limited (GMNL).

Other companies also managed by unico are Vitafoam Nigeria Plc, Vono Products Plc and Tractor & Equipment ltd.

OUR PENSION FUND CUSTODIAN

We entered into an agreement with First Pension Custodian Nigeria Limited to take custody of our assets on 5th of June 2007 and commenced transfer of our assets on the same day.

FPCNL is only responsible for the custody of our RSA Fund assets. Assets transferred include cash, real estates, equities and bonds.

TECHNICAL EXPERTISE

We have over forty-eight years of experience in Pension Fund Management. We currently have over six thousand active members on our fund and over one thousand pensioners on our payroll. Our pensioners are scattered all over the Country and are paid on regular basis.

Pension payments are made so easy for our pensioners that they can receive their pension through banks or any uacn plc offices or any of its Business Units across the Country. Adequate controls are in place to ensure that payments are made to the rightful owners.

We have qualified personnel who manage the Fund. Our Fund ranked very high among the best managed funds in the country.