First Bank, PenCom promote pension growth

First Bank of Nigeria Limited and its pension subsidiary, First Pension Custodian Nigeria Limited, say they are collaborating with the National Pension Commission to promote the growth of the sub-sector.

Consequently, the group said it was sponsoring the maiden edition of the World Pension Summit in Abuja, which commence on Monday.

The summit, which coincides with the 10th anniversary of the Pension Reform Act 2004, is being organised in collaboration with PenCom to bring together leading players from Africa’s pension sector.

Deliberations at this event are expected to rekindle investors’ confidence in the economy and facilitate renewed partnerships across the globe, according to a statement by the group.

The spokesperson for the group, Mrs. Folake Ani-Mumuney, said the group’s support for the summit accentuated its stance to offer the best quality custodian services and optimum protection for contributors’ assets.

The Managing Director, First Pension Custodian Nigeria Limited, Mr. Kunle Jinadu, said the company had been at the forefront of promoting pension reforms since its establishment in 2005 and would continue to drive pension fund administration and investments in the country.

Jinadu said, “First Pension Custodian Nigeria Limited is well positioned to drive engagements in pension reforms with its team of financial experts from diverse backgrounds and extensive experience in investment management.