Author: webmaster

In a strategic move to enhance service delivery and elevate the company’s standing, Premium Pension Limited has announced the appointment of Mr. Hamisu Bala Idris as the new Managing Director and Chief Executive Officer, along with Mrs. Maryam Mohammed as the new Executive Director. Mr. Hamisu succeeds Mr. Umar Sanda Mairami, who has officially retired from the company.

Mr. Hamisu Idris brings to the role over two decades of experience in the financial services sector, with a strong background in banking and pension fund administration. His career began at Inland Bank Limited in 1999, where he served as a Funds Transfer Officer. He later joined Broad Bank Limited as a Customer Service Manager in 2003, and following the banking consolidation reforms of 2006, he became a Branch Leader at Fidelity Bank.

At his inaugural staff meeting, Mr. Hamisu emphasized his commitment to making Premium Pension more customer-centric, aligning with the company’s mission and vision. He stated, “We will stay close to our customers and do everything possible to serve them properly. Our customers will be at the beginning, the middle, and the end of our strategy.” He also highlighted the importance of capacity development to ensure that Premium Pension staff continue to uphold professional standards.

Mr. Hamisu’s experience in the pension industry dates back to 2011 when he joined Premium Pension as Head of Marketing. His career has since spanned roles at FUG Pensions, Veritas Pensions, and Fidelity Pension Managers, where he served as Head of Business Development and Strategy. He further broadened his expertise at Investment-One Pension Managers, where he was appointed Managing Director in 2019. Before his current appointment, he was the Managing Director and CEO of Norrenberger Pensions Limited, a position he held since 2022.

Throughout his illustrious career, Mr. Hamisu has attended numerous prestigious training programs and business schools, both locally and internationally, which have significantly contributed to his professional development.

The Board of Directors also announced the appointment of Mrs. Maryam L. Mohammed as Executive Director. Mrs. Maryam, a seasoned IT expert and operations management professional, brings over 20 years of experience to the role. She holds a first-class bachelor’s degree in Computer Science from the University of Abuja and a master’s degree in Information Technology from the University of Lagos. An alumna of the Lagos Business School Senior Management Programme (SMP 69), she also holds several prestigious certifications, including IT Business Manager Certification (ITBMC), ITIL Version 3, Oracle Certified Associate (OCA), and Microsoft Certified IT Professional (MCITP).

Mrs. Maryam’s career began at NITEL, where she rose from Programmer/System Analyst to Head of Billing Administration for the Lagos Zone. Since joining Premium Pension Limited as a pioneer staff member, she has held various key leadership roles, including Head of Operations and Acting Head of Human Resources & Administration. Her leadership in strategic client engagement, market expansion, and data management has significantly contributed to the company’s success.

Mrs. Maryam’s vision and dedication to excellence are expected to be instrumental in positioning Premium Pension Limited as a leading force in Nigeria’s financial services industry.

Premium Pension Limited remains at the forefront of pension administration in Nigeria, committed to providing innovative solutions that meet the evolving needs of its members. In 2023, the company became the first Nigerian-owned Pension Fund Administrator (PFA) to achieve Assets under Management (AUM) of over N1 trillion without any form of business combination.

The company continues to set industry standards, evidenced by its attainment of Information Security Management (ISMS) certification ISO 27001 from the British Standard Institute (BSI) in 2015, and a Quality Management System (QMS) certification ISO 9001 in 2018, both of which were renewed in 2023.

Premium Pension Limited, licensed as a Pension Fund Administrator, commenced operations in 2005 and has since established itself as a pacesetter in the industry.

Premium Pension Limited, one of the leading Pension Fund Administrators in the country, has successfully paid fourteen customers who have applied to access 25 percent of their pension savings as equity contributions for a residential mortgage.

This is in line with the Guidelines on accessing RSA Balance towards Payment of Equity Contributions for Residential Mortgage for RSA Holders released by the National Pension Commission (PenCom) in September 2022.

The arrangement is designed to facilitate home ownership by RSA holders, deepen the mortgage sector through the provision of sustainable long-term finance, and spur socio-economic development by narrowing the nation’s lingering housing deficit.

The Company has successfully paid the sum of Two Hundred and Sixteen Million, Eight Hundred and Sixty-Three Thousand, One Hundred Sixty-Two Naira (N216, 863,162.00) to the fourteen customers. The Company understands that owning a home is an essential part of financial security and retirement planning for our Members, and we are pleased to have played and will continue to play a crucial role in making this dream a reality.

While commenting on this development, Umar Sanda Mairami, managing director/ CEO of the Company said, “The payment of Equity Contribution for Residential Mortgage has been a long-awaited development for pension contributors, and we are proud to be among the first Pension Fund Administrators (PFAs) to successfully implement this new Guideline. Our team of experts worked tirelessly to ensure that our members’ Mortgage payments were processed promptly and efficiently, and we are delighted to have achieved this great milestone. He pledged the Company’s commitment to continue to assist eligible members in accessing part of their pension savings to own a house in line with the Guidelines.”

Premium Pension has always been at the forefront of pension administration in Nigeria, and the Company has remained committed to providing innovative solutions that meet the evolving needs of its members. It will be recalled that last year the Company became the first PFA fully owned by Nigerians that has achieved over N1 trillion AUM without any form of business combination.

The Company prides itself as being a pacesetter in the pension industry, in several performance metrics. One such is the attainment of Information Security Management (ISMS) certification ISO 27001 under the auspices of the British Standard Institute (BSI) in 2015 and a second certification from the same BSI in Quality Management System (QMS), ISO 9001 in 2018. Both certifications were renewed in 2021. In one of the most important service assessment points i.e. investment returns, the Company has consistently remained in the top quartile with the RSA Fund II being one of the best performing, since inception.

Premium Pension Limited is a licensed Pension Fund Administrator, which started operations in the year 2005.

Source: Businessday

Premium Pension Limited has achieved a milestone record of N1trillion in Assets under Management (AUM), making it one of the only 3 Pension Fund Administrators (PFAs) out of 19 operators in the market.

Unique to it, Premium Pension however is the fact that it is the first PFA fully owned by Nigerians that has achieved the over N1 trillion AUM without any form of business combination, the company said.

It is one of the first seven (7) Pension Fund Administrators (PFA) licensed in December 2005 by the National Pension Commission (PenCom).

The Company says its a pacesetter in the pension industry in several performance metrics, and one of such is the attainment of Information Security Management (ISMS) certification ISO 27001 under the auspices of the British Standard Institute (BSI) in 2015 and a second certification from the same BSI in Quality Management System (QMS), ISO 9001 in 2018. Both certifications were renewed in 2021.

With over 775,000 Members and over N323billion benefits payout to over 88,000 beneficiaries, since inception Premium Pension operates from its headquarters in Abuja.

Its teaming members are serviced through the Company’s offices in all States of the Federation as well as the Federal Capital territory (FCT). Its multilingual Call Center and online channels through its website as well as Multi-channel Mobile App support the physical outlets in offering accessibility to its growing number of clientele.

“In one of the most important service assessment points i.e. investment returns, the Company has consistently remained in the top quartile with the RSA Fund II being one of the best performing, since inception. The Company has well-trained Staff that have remained part of the success story and remain committed to delivering Premium Experience, across all interaction platforms, to all Members. With its corporate mission “to grow our members’ wealth and enable them embrace their golden years” every action of the Board, Management and Staff are centred around customers, the company said.

Commenting on the recent development, Ibrahim Alhassan Babayo, the Company’s board chairman, said, “The attainment of N1trillion Assets under Management is a clear manifestation of hard work which translated into effective management of resources entrusted under the care of our Company”.

Babayo, while appreciating the National Pension Commission for creating the right environment to safeguard pension assets further said, “Premium Pension is now in the league of Tier-1 PFAs”. He appreciated his colleagues on the Board for providing guidance towards attainment of this feat. He also hailed Management and Staff for their discipline and professionalism that had continued to see the Company grow from strength to strength. He charged them to remain as seasoned professionals in the pension industry.

While thanking God for the wisdom in creating sound strategies and capacity to remain focused in execution, Umar Sanda Mairami, managing director/ CEO expressed his appreciation to customers who entrusted their retirement savings to Premium Pension Limited. He went further to say, “This great milestone of having over N1 trillion Assets under Management was achieved through customer patronage and dint of hard work by staff at all levels without any business combination but by adhering to the Company’s Vision of being “the fastest growing top-tier PFA creating value”.

Premium Pension Limited is a licensed Pension Fund Administrator, which started operations in the year 2005.

Source: Businessday News