Premium Pension Limited, one of the Pension Fund Administrators in the country, has said it is drawing strategies to consolidate the gains it has made and position the firm to reap from the anticipated growth in the industry in the next five years.
The Head, Corporate Communications, Premium Pension, Mr. Paddy Ezeala, said this in a statement made available on Sunday.
The Chairman, Premium PFA, Alhaji Aliyu Dikko, said the firm commenced the plan to establish and nurture a company with a vision to be the leading PFA in Nigeria and a global player in July 2008.
He was quoted as saying, "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.
"Our 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."
He stated that the strategy defining exercise had the principal objective of leading the firm to its set vision and mission by defining ways of developing a strong investment management policy with state of the art investment management tools that would produce superior returns to the clients.
Dikko restated 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.
The Managing Director, Premium Pension, Mr. Wilson Ideva, noted that the firm was already occupying an enviable position in the industry and had the potential to be unassailable with the right strategies.
"The competition in the industry is becoming stiffer and the environment is throwing up tasking challenges," he said.
According to him, the company’s actual performance grew from N52.3bn in 2008 to N325.7bn in 2013.
Ideva noted that the actual assets under management surpassed the 2008 strategic plan projections for four of the five years, while the performance over budget ranged from a low of N276m to a high of N19.7bn.
Source Punch
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