Premium Pension reflects on achievements, efforts to deepen pension penetration

Premium Pension Limited, one of the foremost Pension Fund Administrators (PFAs) in Nigeria has taken stock of its achievements in the outgoing year of 2016, saying it’s in line with its expectation of being a global player.

Speaking at its end of the year get together, Aliyu Dikko, chairman of the Company’s Board of Directors said the event apart from being for relaxation and enjoyment, it’s also a moment to reflect on achievements and to also brace up for what needs to done towards the attainment of our vision.

He further noted that it has been a challenging journey mainly because of the novelty of the business of pension administration in Nigeria and the fierce competition that has characterized the industry since inception.

“It is against this backdrop that we prioritized the setting up of structures, provision of facilities and development of human capital” he added. “All these have happened to be the bedrock of the company’s recent successes.”

Wilson Ideva, MD/CEO of the Company attributed the numerous successes witnessed by the company to the solid foundation on which the company was built. “The founding board members and shareholders have built the Company on a solid foundation defined by integrity, transparency, good corporate governance, strong ethics and professionalism and spread” he said.

“This foundation has led us to where we are today as the first PFA to have ISO Certification, the first PFA to have a permanent structure as corporate head office, the first PFA to be effectively present in the thirty-six states of the Federation and the FCT and the PFA with the highest number of approved branches in the country.

Premium Pension Limited started eleven years ago with a vision of a company that will not only be a pace-setter in the Nigerian pension industry but to also develop as a global player.” Riding on the crest of several awards in 2015 the company continued to record numerous recognitions and awards in this year 2016. These include the award as Africa’s Most Innovative Pension Company of the Year by the Africa Quality Institute; publishers of Africa Quality magazine.

The zenith of it all was when the company was honoured with two awards at the recently held Africa Pension Awards for Driving Inclusive Coverage of Pension and Excellence in Corporate Governance.

The company has really been at the forefront of the campaign to spread awareness of the Contributory Pension Scheme (CPS) in the country. The #Reward4DHustle Campaign launched by the company earlier this year is in line with this disposition. The campaign aimed at profiting from the mass appeal of the social media to promote the Contributory Pension Scheme while highlighting the preparedness of Premium Pension Limited for the anticipated expansion of the pension market as a result of the extension of the scheme to the informal sector. The campaign informed the award on driving inclusive pension coverage.