BY ANOZIE EGOLE
National Pension Commission, PenCom, has concluded plans to host the first World Pension Summit, WPS.
It will take place in Abuja, the Federal Capital Territory, FCT.
The WPS tagged, ‘Africa Special’ will bring together leading players from Africa’s pension industries, as well as key figures from across politics, business and finance to exchange expertise and increase international cooperation on the continent.
A statement by the Acting Director-General of PenCom, Mrs. Chinelo Anohu-Amazu said: ”We are delighted to bring the World Pension Summit to Africa. A number of African nations are experiencing strong economic growth supported by the rising investment in natural resources and robust private consumption.
As a result, the role of the pensions industry in providing a stable consumer savings vehicle for Africa’s growing middle classes, and the investment of capital from its pension funds, is of increasing significance.”
“The summit will be an opportunity for the continent’s pension professionals to share blueprints and practices with the aim of further developing Africa’s pension market over the next decade,”.
According to her, the summit would focus on key lessons learnt amongst African nations and would share global expertise on relevant topics and developments such as pensions administration and investment, risk management, regulatory essentials, technology, communication among others.
In the same vain, Eric Eggink, Founder & Chairman of the World Pension Summit,said: “Africa’s growth story, particularly Nigeria as its largest economy, has been well documented. But with such growth comes a responsibility, expectation and opportunity to leverage capital growth, using pension funds as an instrument for further economic and social development.
“The Summit represents strong commitment to ensure sufficient pension provision across the continent, so that African workers reap the benefits of their countries’ successes with a future that is safeguarded in retirement. The World Pension Summit, ‘Africa Special’ will be held annually on the continent.