Premium Pension assets under management hits N1tn


Premium Pension LimitedPremium Pension Limited, one of the Pension Fund Administrators in the country said it has achieved over N1tn assets under management.

In a statement signed by the Head, Corporate Communications, Aliyu Mohammed, he said it was the first PFA fully owned by Nigerians that had achieved over N1tn AUM without any form of business combination.

“With over 775,000 members and over N323bn benefits payout to over 88,000 beneficiaries, since inception, Premium Pension, the newest PFA in the N1tn level is headquartered in Abuja,” it said.

Commenting, the company’s Chairman, Mr Ibrahim Babayo said, “The attainment of N1tn assets under management is a clear manifestation of hard work which translated into effective management of resources entrusted under the care of our company.”

While appreciating the National Pension Commission for creating the right environment to safeguard pension assets, he said, Premium Pension was now in the league ofTier-1 PFAs.

He appreciated his colleagues on the board for providing guidance towards attainment of the feat. He also hailed management and staff for their discipline and professionalism that had continued to see the company grow from strength to strength. He urged them to remain as seasoned professionals in the pension industry.

The Managing Director and Chief Executive Officer, Mr Umar Mairami, expressed his appreciation to customers who entrusted their retirement savings to Premium Pension Limited.

“This great milestone of having over N1tn assets under management was achieved through customer patronage and dint of hard work by staff at all levels without any business combination but by adhering to the company’s vision of being the fastest growing top-tier PFA creating value,” he said.

The statement said, “The company prides itself in being a pacesetter in the pension industry, in several performance metrics. One of such is the attainment of Information Security Management certification ISO 27001 under the auspices of the British Standard Institute in 2015 and a second certification from the same BSIin Quality Management System, ISO 9001 in 2018. Both certifications were renewed in 2021.”

Premium Pension Limited is a licensed PFA which started operations in the year 2005.

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