Premium Pension Records N1trn Assets Under Mgt

The pension Assets under Management (AUM of Premium Pension Limited (PPL) have risen to N1 trillion.

PPL is one of the first seven Pension Fund Administrators (PFA) to be licensed in December 2005, shortly after the new pension scheme kicked off.

To this end, Premium Pension has now joined the two other PFAs whose AUM are in the trillion Naira category.

Premium Pension, however,  is the first PFA fully owned by Nigerians, to achieve the over N1 trillion AUM without any form of business combination.

Commenting on this development, the company’s chairman, Mr. Ibrahim Alhassan Babayo said, the attainment of N1trillion Assets under Management is a clear manifestation of hard work which translated into effective management of resources entrusted under the care of the company.

Babayo, while appreciating the National Pension Commission(PenCom) for creating the right environment to safeguard pension assets, further said, Premium Pension is now in the league of Tier-1 PFAs.

He appreciated his colleagues on the board for providing guidance towards attainment of this feat, while hailing the  management and staff for their discipline and professionalism that had continued to see the company grow from strength to strength.

He charged them to remain seasoned professionals in the pension industry.

While thanking God for the wisdom in creating sound strategies and capacity to remain focused in execution, the managing director/CEO, Mr. Umar Sanda Mairami, expressed his appreciation to customers who entrusted their retirement savings to Premium Pension Limited(PPL).

He added that, “this great milestone of having over N1 trillion 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”.

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 (ISMS) certification ISO 27001 under the auspices of the British Standard Institute (BSI) in 2015 and a second certification from the same BSI in Quality Management System (QMS), ISO 9001 in 2018. Both certifications were renewed in 2021.

With over 775,000 members and over N323billion benefits payout to over 88,000 beneficiaries, since inception, Premium Pension is headquartered in Abuja.

In one of the most important service assessment points i.e. investment returns, the company has consistently remained in the top quartile with the RSA Fund II being one of the best performing, since inception.