The Director-General of the National Pension Commission (PenCom), Mrs Chinelo Anohu-Amazu, said that the World Pension Summit Africa Special that will Tuesday will deepen the discussion around ensuring that pension funds are invested in the real sector for visible and measurable impact on the economy, while boosting retirement benefits.
The DG said she is excited by the opportunities that the world summit will present providing solutions to some of Africa’s most pressing pension investment challenges.
Global experts on pension innovation, leaders of thought and key practitioners are expected in Abuja between September 27 and 28 to brainstorm on key elements of developing and structuring a sustainable pension system for Nigeria and other African nations
With the theme “Pension Innovations: The African Perspective”, the summit—-as designed by PenCom in partnership with the Pension and Investments/World Pension Summit, Amsterdam, will focus on innovations in the pension industry in Nigeria and Africa.
The World Pension Summit “Africa Special” is the platform to exchange knowhow, supporting professionals in social security and in all aspects of pensions to gain the expertise.
It is also about taking the pragmatic essential steps to professionalise pensions and make them ‘future proof’.
The DG, PenCom said the summit which is well-packaged to attract professionals around the world, is aimed at exchanging expertise between all pension professionals in Africa and to stimulate pension market developments and pension innovation.
In particular, she said this year edition of the Summit would focus on key areas and experiences on relevant topics and developments such as: pension innovations; the dynamics of pension investment (ALM, new asset classes, infrastructure investments); ESG for pension funds & impact investing; financial inclusion covering financial literacy, micro pensions & social security; the impact of new technology on communication; actuarial valuation and their impact on benefits, policy & governance.
In order to stimulate and encourage African scheme owners and funds to work on professionalising retirement practice in Africa, the summit has also planned to host the second edition of the Africa Pension Awards. ‘’The awards ceremony is an integral part of the Summit. It is the ultimate reward for excellence, and a huge stimulus to ensure that Africa’s pensions industry remains innovative”, the organisers said.
The inaugural Awards in 2015 saw RBA Kenya, NAMFISA Namibia and PenCom Nigeria being honoured for their various roles in the development of the sector on the continent.
And the 2016 Awards is aimed at recognising innovations in risk management and communication strategy for improved customer service delivery, socio-economic impact of contributory pension systems, extension of contributory pension coverage and best corporate governance practices.
The summit will attract many key speakers including, Chris Battaglia, the CEO WorldPensionSummit and Vice President /Group publisher of Pensions & Investments (P&I).
Battaglia is of Pensions & Investments (P&I)—the pre-eminent international newspaper of money management, and business insurance. He currently serves as Vice President / Group publisher publication serving executives responsible for risk management, insurance, benefits, and brokerage in the global insurance and reinsurance arena.
Mr.Harry Smorenberg, Founder, World Pension Summit will also present a paper at the summit. He previously worked at Banque Paribas and ABN AMRO and wasa director at two leading strategic consultants. He is a financial services marketing and positioning strategist.
He is a leading contributor to innovation in both the retail and corporate payments and transaction space.
He has also been actively involved in developing solutions in financial planning, international pensions and ‘social innovations’.
Another speaker includes Mr.Eric Eggink, the CEO of Eggink Van Manen/ Co-founder World Pension Summit, will also speak the global summit. He started his career as a TV Producer at AVRO TV and hosted a weekly radio program about studied Dutch literature and Communications Management literature.
The DG of Pencom will also share her versed experience in the management of pension with the global audience at the summit. She served on the Pension Reform Committee set up by former President Olusegun Obasanjo, whose work led to the enactment of the Pension Reform Act (PRA) 2004, the first of the two major legislations that have reformed the Nigerian pension sector.
She was honoured with a presidential commendation for her work on the Committee. After a period working as a consultant for non-governmental organizations and the private sector, she commenced her public sector career with the Bureau of Public Enterprises (BPE) and was the pioneer Commission Secretary/Legal Adviser of PenCom.
Experts also said that the summit in Nigeria is timely—especially at a time the country is in economic recession, saying the summit would provide the needed technical-knowhow to address some of the critical issues in the economic sector