Premium Pension assets under management soars over N370bn

From left: Head Research & Corporate Strategy National Pension Commission, Dr Farouk Aminu; President National Association of Insurance and Pension Correspondents, Modestus Anaesoronye  and Head Corporate Communications Premium Pension Limited, Paddy Ezeala at the event.

Chuks Udo Okonta 

Premium Pension Limited today, said pension assets under its management is in excess of N370 billion and pension enrollees over 1000 organizations across the country. 

 Its Managing Director Wilson Ideva, who was represented by the Head, Corporate Communication Paddy Ezeala, said this at the 2015 National Association of Insurance and Pension Correspondents Annual General Meeting (AGM) in Lagos. He noted that the firm which is a pioneer Pension Fund Administrator (PFA) and ranked top among the market leaders in the Nigerian pension industry, currently maintains well over 600,000 Retirement Savings Accounts (RSAs) and has paid out over N87 billion  to over 33,000 retirees or their next-of-kin as entitlements since 2007. 

"With pension assets under its management in excess of 370 billion naira and pension enrollees under the company’s management spread in over 1000 organizations across the country, Premium Pension has already been firmly established as a key player in the new Contributory Pension Scheme," he added.

Members of the National Association of Insurance and Pension Correspondents at the event.

He posited that the firm in a bid to render quality services to clients, recently adopted the robust Canadian Pension Administration Software (CPAS), stressing that the staff operating this software have been adequately trained in Canada by CPAS. 

"Professionalism in pension service rendition at Premium Pension is complemented by the Company’s adoption of the robust Canadian Pension Administration Software (CPAS). We are partnering with this organization to ensure continued cutting –edge service delivery. 

"All the relevant staff operating this software have been adequately trained in Canada by CPAS. It is also important to note that Premium Pension has consistently posted Return on Investment of pension asset well above industry average and above inflation. The company is run by young Nigerian professionals and a wholly Nigerian board of diverse background and competencies.

"With a view to facilitating its operations and enhancing customer service and interaction, Premium Pension Limited recently introduced a mobile application known as The Premium Pension Mobile. This is in response to the evident need for devices that would further close the gap between the company’s operations and its customers on the one hand and the customers and their Retirement Savings Accounts (RSA) on the other," he said.

Ideva maintained that the firm has brought its services closed to the public through its recently launched mobile application.

"The Premium Pension Mobile is a mobile application that is downloadable from the app-stores of Androids, Blackberry, Apple Store and Windows phones. The mobile application is loaded with exciting features which include a dashboard view that shows summary of a customer’s account/fund while incorporating a pie chart for the purpose of clarity. 

"It also includes the history of unit prices and a graphical representation of movements in this regard. The mobile application also offers investment overview, contribution history, customer service information and contact layout as well as information on the company’s branches. Frequently asked questions are answered while balances and detail investment historical figures are included as well as a feedback form," he said.