PenOp seeks for understanding with investors
The Pension Fund Operators Association of Nigeria (PenOp) has called on those seeking to invest pension funds in coming up with ventures that would be beneficial to all parties – retirees, operators and the investors.
The President of the association, Eguarekhide Longe, said that there is a gap between the thinking of investors and pension operators, stressing that the investors often fail to see things from the operators’ view point.
“I think there is a gulf between the operators and the investment banking community. They have expressed frustrations that the pension operators do not make it easy for them to deliver projects, but in many cases, they do not also see the projects from the pension operators’ point of view.
“Most times they are motivated by what fee they can earn, rather than look to see that we deliver a balanced venture that is beneficial to them. Whatever we want to do as operators, must be beneficial to our contributors. If all these are taken into consideration, then I think we would see rapid growth in the industry and the country,” he said.
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