Premium Pension records 4.9% growth on RSA

Premium Pension Limited has recorded a growth of  4.96 per cent in its number of Retirement Savings Account (RSA), within the first nine months of 2018.
 
This is an improvement from industry trend of 4.5 per cent, while its Assets Under Management (AUM) grew by 13.7 per cent, a significant improvement from the industry’s AUM growth over the period under review.
 
Speaking at a press conference in Lagos, at the weekend, the Chief Executive Officer of Premium Pension, Umar Mairami, said the performance speaks to the firm’s commitment to the pursuit of being industry leader, not only in growth of RSA numbers, but in investment performance.

That Fund was also the first to attain a N4.00 unit price, within the industry, and this performance corresponds to an annual average return of 12 per cent, since inception in 2006,” he said.
 
He explained that Premium Pension accounts for over 10 per cent of the total industry retirees on Programmed Withdrawal and have paid out over N86 billion in lump sum and programmed withdrawal benefits since inception, representing 18 per cent of total amount paid by the industry, in this regard.
 
“Our emphasis is on ensuring the payment process is as seamless as possible, for our customers, and with necessary risk controls and we will continue to ensure this is the case,” he added.
 
According to him, since assumption of office, the company has focused on three key areas- driving operational excellence through adoption of quality management standards; improving customer experience across all interaction platforms; and consolidating investment returns within defined acceptable risk.
 
All of these objectives, he said, was to ensure that the PFA stays committed to delighting its customers.
 
Mairami said the company remains committed to its core values, care, integrity, transparency, ethics and professionalism in carrying its duties to customers and other key stakeholders.