Premium pensions plan a five year growth plan

The board and management of Premium Pension Limited, one of the leading Pension Fund Administrators (PFAs) has drawn up strategies to consolidate gains and move the company in tandem with the anticipated growth in the industry in the next five years.

“We set out on this journey on July 7, 2005 to establish and nurture a company with a vision to be the leading PFA in Nigeria and a global player” said. Aliyu Dikko, the board chairman. “Our mission is to achieve superior customer satisfaction in active and retirement life through best practices defined and driven by our core values of care, integrity, transparency, ethics and professionalism.”

He said the performances to date when placed in juxtaposition with the strategy we developed in 2008 reveals a mixed bag of areas where the benchmark were not attained and areas where targets were exceeded., According to him, the this strategy defining exercise has the principal objective of leading us to our set vision and mission through defining ways of developing a strong investment management policy with state of the arts investment management tools that will produce superior returns for our clients.” He further emphasized the need to consolidate on the company’s zero tolerance for non-compliance and further sharpen the risk management policy and best practices in internal control processes and procedures.

“Premium Pension Limited is already occupying an enviable position in the industry and has the potential to become unassailable with the right strategies” Wilson Ideva, the company’s managing director. Said

Ideva noted that the competition in the industry is becoming stiffer and the environment throwing up tasking challenges”

He stated that the company’s actual performance grew from N52.3 billion in 2008 to N325.7 billion in 2013, pointing out that the actual assets under management surpassed the 2008 strategic plan projections for four of the five years while performance over budget ranged from a low of N276 million to a high of N19.7 billion.