Stanbic IBTC Unveils Education Trust to Support Parents - Business Journal

In its quest to foster educational development, Stanbic IBTC Trustees Limited, a subsidiary of Stanbic IBTC Holdings Plc has created the Stanbic IBTC“Education Trust” (SET) scheme.SET is a convenient and flexible investment plan with long term benefits, designed to support parents and guardians as they strive to provide quality education for their children and wards.
With the outbreak of COVID-19, the importance of preparing for unprecedented situations cannot be overemphasised. This investment plan helps parents and guardiansprepare for rainy daysto ensure their children and wards haveaccess to excellent learning.
Parents and guardians are also able to nominate SET as a beneficiary for their insurance policies as this can help cushion the effect of a parent or guardian’s death or permanent disability on the education of the child or ward.
Speaking on the rationale behind SET, Charles Omoera, Chief Executive, Stanbic IBTC Trustees Limited,stated that the organisation understands the importance of quality education on individuals and the country’s economic growth.
“We understand the major role quality education plays in laying a good foundation towards building future leaders. That is why at Stanbic IBTC, we encourage parents and guardians to properly plan and invest in educational trusts like SET to avoid occurrences that might bring their children or wards’ education to a halt,” he said.
According to him, an education trust helps smoothen the rough financial edges when adverse circumstances occur and makes the attainment of family goals and aspirations seamless to achieve. One unique benefit of SET is that payments are effected directly to the institution of learning thereby ensuring there are no diversion of funds.
He added thatparents owe their children and wards quality education to help them unlockthe unique opportunities that quality education offers.
“With smart investments, attaining a great future is more achievable for our child. Whether it is primary, secondary, tertiary or post-graduate education, parents and guardians now have an opportunity to make contributions towards funding the education of their children and wards,” he added.