DIRECTOR-General of the National Pension Commission (PenCom) Mrs Chinelo Anohu-Amazu has hailed the World Pension Summit Africa Special, which kicks off in Abuja next week.
Mrs Anohu-Amazu said the summit would ensure that pension funds were invested in the real sector for visible and measurable impact on the economy, while boosting retirement benefits.
The pension chief said she was excited by opportunities the world summit presents—providing solutions to some of Africa’s 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 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 knowledge supporting professionals in social security and all aspects of pensions. It is also about taking pragmatic steps to professionalise pensions and make them ‘future proof’.
Mrs Anohu-Amazu said the summit, which will attract professionals around the world, is aimed at exchanging expertise among 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.