''Premium Pension Limited (PPL) is a leading

Pension Fund A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...

Administrator (PFA) in Nigeria which provides a range of products and services to clients based in all 36 states of Nigeria, including the F.C.T. Premium Pension Limited is licensed by the National Pension Commission in December 2005, under the new

Pension A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments ...

Reform Act, 2004. The company took off in 2005 with an initial

share capital A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capita ...

of ₦500 million but has grown to a total shareholders’ funds of ₦1 Trillion. Premium Pension Limited is organised as a network, comprising six business divisions: Retirement Savings Account, Additional Voluntary Contribution (AVC), Legacy Asset Management, Pension Advisory Service and Cross Border Pension Plan

History

Premium Pension was licensed in December 2005 by the National Pension Commission. Premium Pension Limited took off with an initial

of ₦500 million but has grown to a total shareholders’ funds of over ₦1 Trillion, as at December 2022. In August 2015, Premium Pension Limited was conferred with the Award for Mass Mobilisation of Pension Asset, at the Commerce and Industry Awards by the Lagos Chambers of Commerce and Industry, LCCI. In November 2015, Premium Pension Limited received the UK’s International Organization for Standardization (ISO) certificate on information security management system by the

British Standard Institute British Standards (BS) are the standards produced by the BSI Group which is incorporated under a royal charter and which is formally designated as the national standards body (NSB) for the UK. The BSI Group produces British Standards under the ...

, becoming the first Pension Fund Administrator (PFA) in Nigeria to receive the certification. Premium also received certification on Information Security Management System (ISMS) by the British Standard Institute in 2013

Operations

Premium Pension Limited is staffed by professionals in areas of

Investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

, IT, Customer Service, Marketing and

Operations Operation or Operations may refer to: Arts, entertainment and media * ''Operation'' (game), a battery-operated board game that challenges dexterity * Operation (music), a term used in musical set theory * ''Operations'' (magazine), Multi-Man ...

. Premium Pension Limited has branches and service centres located across the 36 states of Nigeria, including the FCT.

References

{{Reflist Financial services companies established in 2005 2005 establishments in Nigeria Public pension funds Pensions in Nigeria Financial services companies of Nigeria Nigerian companies established in 2005 Organizations based in Abuja