Still basking in the excitement of its success at the recently held Africa Pension Awards, Premium Pension Limited, one of the pioneer Pension Fund Administrators (PFAs) in Nigeria said it is positioning for more growth, the present economic realities notwithstanding.

The company won awards for ‘Driving Inclusive Coverage of Pension and Excellence in Corporate Governance’. The award ceremony was part of the recently held World Pension Summit: Africa Special, organised by the National Pension Commission (PenCom) in partnership with Pensions and Investments/World Pension Summit, Amsterdam.  It was established to reward excellence and drive innovation in the pension industry in Africa.

Managing Director of the company, Mr. Wilson Ideva, said, “Premium Pension Limited and by extension, the contributory pension industry will in no distant time witness even more growth in all ramifications. There is now increased awareness and credibility around the scheme and that is more important than anything.

“Even with the phenomenal growth in overall pension assets, above N5.8 trillion, there is still a growing sentiment that the present economic downturn occasioned by dipping commodity prices is already leading to a decline in pension contributions and consequently a squeeze in pension assets under management.

“Management of pension funds is a long term endeavour which wellbeing cannot be measured by short-term macro-economic calculations. It is a long distance race and not a hundred-metre dash,” Ideva stated.