The Managing Director, Mr Amenyo Setordzie, said the pension industry in Ghana had gone through several regimes.

He said the current three tier pension allows institutions in the private sector such as FirstBanc to provide pension fund management and advisory services.

He acknowledged the corporate trustees, appointing institutions and stakeholders that appointed FirstBanc as Fund Managers to provide the best fund management services.

Mr Setordzie said by dint of hard work and commitment to the delivery of excellent fund management services “FirstBanc was adjudged the number two pension Fund Manager in the National Pension Regulatory Authority (NPRA) 2015 Asset Under Management ranking.’’

He said FirstBanc was declared the Investment Bank of the Year at the 2015 Ghana Investment Awards held in October last year.

Mr David Tetteh Abbey, the Deputy Chief Executive Officer of NPRA, explained that the authority was to streamline the sector for maximised benefits to clients and the economy at large.

He encouraged license entities to engage their stakeholders periodically on issues to improve the sector as to become one of the most profitable areas of the economy.