Business
PFA Doles Out N87bn To Retirees
Premium Pensions Lim
ited (PPL) says it has paid over N87 billion to retirees and next-of-kins of contributors into the Contributory Pension Scheme under its administration.
The pioneer Pension Fund administrator said the figure was paid to a total of 33,000 retirees and relatives of deceased contributors in its portfolio between 2007 and 2015.
Managing Director of the company, Mr. Wilson Ideva, who disclosed this in his addressed at the Annual General Meeting of the National Association of Insurance and Pensions Correspondents (NAIPCO) held in Lagos midweek said Premium Pension has pension assets under its management in excess of N370 billion and pension enrollees under its management spread in over 1000 organisations across the country.
Ideva said his organisation has already been firmly established as a key player in the Contributory Pension Scheme, adding that the company recently adopted a robust pension administration software to enhance its operations.
“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 organisation to ensure continued cutting-edge service delivery and all the relevant staff operating this software have been adequately trained in Canada by CPAS,” he said.
Ideva, who was represented at the event by the Head, Corporate Department, Mr. Paddy Ezeala also said Premium Pension has consistently posted return on investment of pension asset well above industry average and above inflation.
According to him, the company was being run by young Nigerian professionals and wholly Nigerian board of diverse backgrounds and competences.
He also said that this was aimed at facilitating its operations and enhancing customer service and interaction.
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