T24 PENSION FUND ADMINISTRATION & CUSTODY SOLUTION

1. T24PENSION FUND ADMINISTRATION & CUSTODY SOLUTION BY FEHINTOLU JOSEPH ADENUGA - PRODUCT MANAGER

2. T24’s FLEXIBILITY REVOLUTIONISES PENSION BUSINESS THE INLAKS APPROACH

3. CONTENT • INLAKS PROFILE & SAMPLE CLIENTS • PENSIONS BEFORE THE ADVENT OF PENSION REGULATIONS • iPENSION MODULES • EMPLOYER AND EMPLOYEE SETUP • CONTRIBUTION OF FUNDS • EMPLOYER DISBURSEMENT TO EMPLOYEES • EMPLOYER TO EMPLOYER PAYMENTS • BENEFIT PAYMENT OF FUNDS • WHY iPENSION? • QUESTIONS?

4. INLAKS COMPUTERSCompany Profile - Was established in 1982. - Business Partner of TEMENOS since 1993. - Tier-1 Information Technology (IT) Company. - Consistent high growth annually since inception. - Reputation for Professionalism & Commitment to customers. - Core area of Operation is Financial Institutions - Established GLOBAL SOLUTIONS in Ghana over 10 years ago as a foremost IT Services Company.

5. SAMPLE INLAKS CLIENTS Retail Banking Central Banking / Mini-Central Bank Pension Administrators & Custodians Other Financial Services Microfinance & Community Banking Ecobank Microfinance Mortgages

6. PENSION BEFORE THE ADVENT OF PENSION REGULATIONS • Before the enactment of the Pension Reform Act, there were problems such as: • Delays and accumulation of pension arrears and other payments. • Inadequate and untimely release of funds to retirees. • Malpractices. • Poor coverage of schemes.

7. iPENSION MODULES CONTRIBUTION BENEFIT PAYMENT

8. CONTRIBUTION Management of employer fund and its disbursement to the respective employees It involves maintaining employer deposits, account statements, and balances. It also involves allocation of employer deposits to their employees taking care of needed charges.

9. EMPLOYERTABLE EMPLOYER BALANCE

10. EMPLOYEE TABLE PENSION FUND ADMINISTRATOR LINK TO EMPLOYER

11. EMPLOYER DISBURSEMENT TO EMPLOYEES Employer lodgments (deposits) are matched (by amount, narration, schedule ID, etc) to process employer schedule (disbursement) SELECT EMPLOYER DEPOSIT TO PROCESS SCHEDULE

12. REPORT SHOWING PROCESSED AND UNPROCESSED EMPLOYER DEPOSITS ALL EMPLOYER REPORT SINGLE EMPLOYER REPORT

13. EMPLOYER – EMPLOYER PAYMENTS Used to transfer payments from one employer A to another employer B. DONATING EMPLOYER RECEIVING EMPLOYERS

14. BENEFIT PAYMENT ALLOCATION OF FUNDS TO RETIREES SINGLE PAYMENT TYPE (ONE OFF) MULTIPLE PAYMENT TYPE (Periodic or Standing order based on frequency – monthly, quarterly, half-year, yearly, etc)

15. SAMPLE STANDING ORDER PAYMENT SCHEDULE FOR EACH RETIREE Standing Order Amount Retiree Code Auto-generated payment schedule After inputting and authorizing a standing order, the system automatically generates a payment schedule for each retiree based on the stated frequency for each retiree. On due date, payment is made to respective retiree automatically.

16. DAILY STANDING ORDER PAYMENT REPORT Payment Date Retiree Code/PIN Benefit Amount Retiree bank details This is a sample benefit payment file generated on due date (from standing order schedule). The above shows only two retirees will be paid their benefit on the 18th April, 2011 (20110418).

17. RETIREE ACCOUNT STATEMENT SHOWING STANDING ORDER PAYMENT Benefit Payment

18. WHY iPENSION? • Maintains payment instructions from Pension Administrators and the Pension regulatory body. • Handles many Pension Administrators under a single Pension Custodian. • Tracks payment remittances • Keeps track of each employer payment and the corresponding disbursement schedules.

19. Contact Us INLAKS COMPUTERS LIMITED3/5 ADEYEMO ALAKIJA,VICTORIA ISLAND,LAGOS – NIGERIAwww.inlakscomputers.comfbusales@inlakscomputers.com+234-806-118-3431+234-708-862-6843+234-808-663-4326 GHANA OFFICE: GLOBAL SOLUTIONS LTD 42 GIFFARD ROAD EAST CANTONMENTS ACCRA - GHANA www.globalsolutions.com.gh sales@globalsolutions.com.gh +233-302-773-273 +233-289-773-273 +233-233-000-200

20. THANK YOU!!!

21. QUESTIONS ???