By ROSEMARY ONUOHA
Management of Axa Mansard Pensions Limited has said that the company has maintained a top five industry position on returns on investment in the last four years as at December 2014. Assistant General Manager, Business Development, Naomi Aduku who stated this during a media parley at the company’s office in Lagos, noted that the mission of the company is to achieve optimum return on invested funds while ensuring safety of both returns and contributions for the ultimate benefit of contributors.
She said that Axa Mansard Pensions was incorporated in 2006 as Penman Pensions Limited. In the last quarter of 2014, Mansard Insurance plc acquired a majority interest in Penman Pensions, thereby becoming the majority shareholder with a view to repositioning and transforming the company. Axa Mansard Pensions is licensed to operate as a pension fund administrator to both private and public sector employees, while also offering pension advisory, investment and consultancy services, she stated.
The company maintains that its vision is to be a specialist pensions fund administrator providing reliable, efficient, secure and compliant services to clients and regulators even as its services offering includes retirement savings account, pension fund management and pension advisory services.
Axa Mansard Pensions said it has consistently maintained corporate policies and standards designed to encourage good and transparent corporate governance to avoid potential conflicts of interest whilst promoting ethical business practices. The company adheres strictly to the National Pension Commission’s (PenCom) Code of Corporate Governance as well as all applicable legislation, regulations and ethical practices.
“The activities of the company are at all times done with the highest standards of professionalism, accountability and integrity with due regard for the interests of all stakeholders. This is the foundation of our history, values and culture as a company for building and sustaining an endurable institution that guarantees profitability and professionalism whilst enhancing shareholders’ value,” the company noted.