News Column

Premium Pension Pays N63.2 Billion Retirement Benefits

May 26, 2014

Olayemi R. Ibrahim

Premium Pension Limited has paid the sum of N63.2 billion as retirement benefits across the country, the Chairman of the Board Aliyu Dikko has said.

In a statement, Dikko said the company has concluded arrangement to hold its 9th Annual General Meeting on Wednesday in Abuja.

Dikko said the company has over N330 billion under its management while 13, 350 retirees receive pension monthly basis.

He stated that the company has continued to maintain its enviable position as one of the leading PFAs in Nigeria adding that despite the declining employment opportunities that negatively impacted their business generation drives, the company has expanded its horizon in terms of funds under management and number of Retirement Savings Accounts (RSAs).

The company's Managing Director Wilson Ideva also stated that by extension the industry has virtually overcome its teething challenges and by extension they are now striding to great heights.

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Source: AllAfrica

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