Premium Pension Limited

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Premium Pension Limited
TypePublic company
IndustryFinancial services
FoundedNigeria, 2005 (2005)
Headquarters
Abuja, FCT
,
Nigeria
Key people
Arc. Yunusa Yakubu (Chairman), Mr. Umar Sanda Mairami (Chief Executive Officer)
ProductsRetirement Savings Account, Legacy Asset Management, Pension Advisory Service, Cross Border Pension Plans and Voluntary Contribution.
Websitewww.premiumpension.com

Premium Pension Limited (PPL) is a leading Pension Fund Administrator (PFA) in Nigeria.[1] They provide a range of products and services to a client base in over 10 states of Nigeria.[2] Premium Pension Limited is licensed by the National Pension Commission in December, 2005 under the new Pension Reform Act, 2004. The company took off in 2005 with an initial share capital of ₦500 million but has grown to a total shareholders’ funds of ₦1.3 billion.[3]

Premium Pension Limited is organised as a network comprising six business divisions: Retirement Savings Account,[4] Additional Voluntary Contribution (AVC),[5] Legacy Asset Management,[6] Pension Advisory Service[7] and Cross Border Pension Plan[8]

History[]

Premium Pension was licensed in December, 2005 by the National Pension Commission.[9]

Premium Pension Limited took off with an initial share capital of ₦500 million but has grown to a total shareholders’ funds over ₦400 billion as at December 2016.[1] In August 2015, Premium Pension Limited was conferred with the Award for Mass Mobilisation of Pension Asset, at the Commerce and Industry Awards by the Lagos Chambers of Commerce and Industry, LCCI.[10][11] In November 2015, Premium Pension Limited received the UK’s International Organisation for Standardisation (ISO) certificate on information security management system by the British Standard Institute, becoming the first Pension Fund Administrator(PFA) in Nigeria to receive the certification.[12][13][14]

Operations[]

Premium Pension Limited is staffed by professionals in areas of Investment, IT, Customer Service, Marketing and Operations. Premium Pension Limited branches are located across Nigeria in Lagos,[15] Port Harcourt,[16] Kaduna,[17] Ibadan,[18] Makurdi, Asaba, Gusau, Enugu,[19] Kano, Bauchi, Sokoto and Minna.

Certifications[]

  • (2015) International Organisation for Standardisation (ISO) certificate on information security management system by the British Standard Institute.[12]
  • (2015) Award for Mass Mobilisation of Pension Asset conferred on it, at the 2015 Commerce and Industry Awards by the Lagos Chambers of Commerce and Industry, LCCI.[10]
  • (2016) Africa’s Most Innovative Pension Company of the year 2016 award conferred on it, by management and editorial board of AFRICAN QUALITY INSTITUTE publishers of Quality Standard Magazine.The award ceremony was held on Friday 9 September 2016 at Sheraton Hotel Lagos.

References[]

  1. ^ Jump up to: a b closed access "Premium Pensions links growth to successful implementation of CPS". businessdayonline.com. Archived from the original on 14 March 2016. (subscription required)
  2. ^ "Who We Are | Premium Pension Limited". Premiumpension.com. Retrieved 16 August 2016.
  3. ^ Tolu, Omobola (2 September 2015). "Premium Pension assets hit N370b - The Nation Nigeria". Thenationonlineng.net. Retrieved 16 August 2016.
  4. ^ "Retirement Savings Account (RSA) | Premium Pension Limited". Premiumpension.com. Retrieved 16 August 2016.
  5. ^ "Additional Voluntary Contributions (AVC) | Premium Pension Limited". Premiumpension.com. Retrieved 16 August 2016.
  6. ^ "Legacy Asset Management | Premium Pension Limited". Premiumpension.com. Retrieved 16 August 2016.
  7. ^ "Pension Advisory Service | Premium Pension Limited". Premiumpension.com. Retrieved 16 August 2016.
  8. ^ "Cross Border Pension Plan | Premium Pension Limited". Premiumpension.com. Retrieved 16 August 2016.
  9. ^ "PENCOM". PENCOM. Retrieved 16 August 2016.
  10. ^ Jump up to: a b http://nationalmirroronline.net/new/premium-pension-dedicates-award-to-pension-industry/
  11. ^ Daily Independent (Lagos) (19 August 2015). "Nigeria: Premium Pension Dedicates Award to Entire Pension Industry". allAfrica.com. Retrieved 16 August 2016.
  12. ^ Jump up to: a b Chinonso, Tony (23 November 2015). "Premium Pension gets ISO certification". Vanguardngr.com. Retrieved 16 August 2016.
  13. ^ Garba, By (19 November 2015). "Premium Pension Becomes First Fund Manager To Receive ISO Certification |". Leadership.ng. Retrieved 16 August 2016.
  14. ^ Nwoji, Ebere (23 November 2015). "Nigeria: Premium Pension Clinches ISO27701 - 2013 Certification". allAfrica.com. Retrieved 16 August 2016.
  15. ^ https://www.linkedin.com/company/premium-pension-limited
  16. ^ "Premium Pension Limited (Rivers) at Port Harcourt, Rivers". ConnectNigeria.com. Retrieved 16 August 2016.
  17. ^ "Premium Pension Limited (Zaria) at Zaria, Kaduna". ConnectNigeria.com. Retrieved 16 August 2016.
  18. ^ "Premium Pension Limited (Oyo) at Ibadan , Oyo". ConnectNigeria.com. Retrieved 16 August 2016.
  19. ^ "Premium Pension Limited (Enugu) at Enugu , Enugu". ConnectNigeria.com. Retrieved 16 August 2016.
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