The board and management of Premium Pension Limited said it has strategised to consolidate on gains that would move the company forward in line with the anticipated growth in the pension industry in the next five years.
Malam. Aliyu Dikko, the company’s board Chairman said the company has set out on the journey of pension fund management in July 2005 with a determination to establish and nurture a company with a vision to be the leading PFA in Nigeria and a global player.
“Our mission is to achieve superior customer satisfaction in active and retirement life through best practices defined and driven by our core values of care, integrity, transparency, ethics and professionalism”, he stated.
He noted that the company’s performances to date when placed in juxtaposition with the strategy it has developed in 2008 reveals a mixed bag of areas where the benchmark were not attained and areas where targets were exceeded.
“This strategy defining exercise has the principal objective of leading us to our set vision and mission through defining ways of developing a strong investment management policy with state of the arts investment management tools that will produce superior returns for our clients.”
He spoke on the need to consolidate on the company’s zero tolerance for non-compliance and further sharpen the risk management policy and best practices in internal control processes and procedures.
According to the company’s managing Director Mr. Wilson Ideva, Premium Pension Limited is already occupying an enviable position in the industry and has the potential to become unassailable with the right strategies.
He noted that the competition in the industry is becoming stiffer and the environment throwing up tasking challenges adding that the company’s actual performance grew from N52.3 billion in 2008 to N325.7 billion in 2013.
He also noted that the actual assets under management surpassed the 2008 strategic plan projections for four of the five years while performance over budget ranged from a low of N276 million to a high of N19.7 billion