Premium Pension returns over 400% to pioneer customers

Premium Pension Limited (PPL), one of Nigeria’s leading Pension Fund Administrators (PFAs) in terms of investment return has achieved another milestone in the Nigeria’s pension industry as the first PFA to attain the unit price return of N5.0004 in the oldest Fund (Fund II) recently. Fund II is the largest fund with active contributors below the age of 50 years.

Further investigation revealed that Premium Pension is being followed by NLPC with N4.7335, Crusader Pension N4.6939 and ARM Pension with N4.6426 as at 30th June.

The Company maintained a 5 years average investment return of 13.14 percent on the fund (Fund II) under Management. Also, the PFA overtime has consistently maintained a top tier performance in other funds. Currently, the total Asset under Management by the PFA is over N760 billion as at 2nd July, 2020. It appears the PFA is living up to their mission to grow members wealth to enable them embrace their golden years.

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Further review also revealed that Premium Pension has the highest unit in Fund III in the industry (a splinter of the Fund II effective July 2018).

Premium Pension Ltd is one of the first set of Pension Fund Administrators (PFA) licensed by the National Pension Commission (PenCom) in December 2005. With over 600,000 members and N760 billion in Assets Under Management (AUM), and one of the fastest-growing PFAs, consistently delivering competitive returns.

Modestus Anaesoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.