Premium Pension profiles employer compliance after 12 years of driving CPS

After 12 years of operation as a Pension Fund Administrator, Premium Pensions Limited has profiled its customer base, rewarding trust, compliance, remittance and confidence in the country’s Contributory Pension Scheme (CPS)

The company in a recent award celebrated its corporate clients that have patronized her since its inception in 2005.

Umar Mairami, managing director/ CEO of the firm said the award recognize companies that trusted Premium Pension for 12 years; Companies with highest monthly pension remittance; Companies with highest percentage work force that signed with Premium Pension and organization with highest Additional Voluntary Contribution (AVC).

Some of the companies that received awards at the event include First Bank Nigeria Plc; Ecobank; Dangote Grou; Dantata Construction Company among others

Giving a brief insight into the company operations, Mairami said as at end of August 2018, pension assets under management (AUM) has grown to N590 billion, while Retirement Saving Account (RSA) increased to 660,000.

The MD/CEO said presently the company’s staff strength is over 11,000 with 46 service centres across the country.

Meanwhile, in a recent press parley maintained that the firm accounts for over 10 per cent of total industry retirees on Programmed Withdrawal and have paid out over N86 billion in lump sum and programmed withdrawal benefits, since inception, representing 18 per cent of total amount paid by the industry.

He posited that the company determined to ensure payment process is as seamless as possible, for customers, stressing that with necessary risk controls, the firm will continue to ensure the standard already attained is sustained.

He identified the firm’s customers as the centre of all it does, adding that the management appreciates customer’s consistent feedback and support, which has served as input into all the improvement projects currently being implemented.

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