NICO Pension is thrilled to announce the launch of its groundbreaking Programmed Withdrawal product, designed to provide flexible and sustainable retirement income solution. This innovative offering represents the first in a series of product launches planned by NICO Pension for 2025.

The Programmed Withdrawal product offers an alternative   retirement option which comes with control, flexibility, and sustainability to meet the needs of retirees. Unlike traditional solutions, this product empowers clients to retain ownership and decision-making over their retirement funds while benefiting from professional fund management. It ensures a strategic balance between sustainable income and long-term financial security, making it an ideal choice for those who value actively shaping their financial future.

NICO Pension CEO Gerald Chima emphasized the significance of this milestone, “this launch marks a new chapter in our mission to provide innovative, client-focused pension solutions. The Programmed Withdrawal product empowers our clients to take charge of their financial futures, ensuring their retirement funds work for them. It also highlights NICO Pension dedication to delivering industry-leading innovations in 2025 and beyond.”

“NICO Pension understands the intricacies of retirement planning and is committed to delivering products that cater to diverse client needs. The Programmed Withdrawal product is an excellent choice for those who value control and sustainability in managing their retirement income,’ said Chima.

The product allows members who retire after withdrawing up to fifty percent of their pension benefits as a lumpsum, to withdrawal the balance over a predetermined period or for life in line with their circumstances and preferences.  

NICO Pension is a leading provider of retirement solutions in Malawi, dedicated to enhancing financial security and independence for individuals and organizations. With a proven track record of innovation and customer-centric service, NICO Pension continues to redefine the pension landscape.