Firm Moves To Improve Retirees’ Pensions

Premium Pensions Ltd has  released a plan on branch expansion for improved pension services for retirees.
The Head, Lagos Mainland Region, Mr Fatai Olufeso, revealed the plan in an interview with newsmen  in Lagos last Thursday.
He said it was to enable Premium Pensions to deliver quality pensions services to its over 70,374 retirees in the federation in their comfort zones.
Olufeso said that Premium Pensions currently had 20 branches domiciled in Lagos, Oyo, Ondo, Edo, Cross River States and  Abuja.
“The company also has pension service centres in First Bank of Nigeria (FBN) branches nationwide,’’ he said.
Olufeso, however, said the company evolved a more effective structure master plan to manage its  retirees.
He said “by 2019, we would have established branches in the states that do not have branches now.
“This is to enable our pensioners to access our services at no cost,’’ he said. On the performance, Olufeso said that Premium Pension Asset under Management (AuM) currently stood at N487 billion.
The AuM is total assets currently managed by the company.
Olufeso said the company had paid out N128 billion to its retirees.