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Chuks Udo Okonta
Peninscope Professional Warranty Limited, publisher of PensionScope magazine, has announced plans to hold a public lecture, appreciate companies and individuals for their various contributions toward the development of pension and insurance industries and launch the 6th edition of the magazine.
A statement by its Managing Director/Chief Executive Officer, Peter Adediji, noted that the event will hold on Thursday 7th Dec, 2017, by 10:00am Prompt at Golden Tulip Essential Airport Hotel, 42/44 Murtala Mohammed International Airport Road Lagos.
He said the Theme for the event is: Government Policy as it affects various investment options of Pension and Insurance Funds in Nigeria, adding that topics to be considered Include: Best Practices in the Management of Insurance and Pension Funds. The Impact of Government Policies on Investment of Pension and Insurance Fund in Nigeria: Then and Now and The Effectiveness of Regulatory Bodies in the performance of their Statutory Roles.
Adediji said participants are drawn from pension and insurance industries, public sector, estate managers, legal and accounting firms, stock broking and other investment institutions, adding that Media personnel are also to be in attendance.
According to him, Speakers and Discussants have been carefully selected to include: Dr. Umar Farouk: Head, Research and Strategy Management, PenCom; Mr. O.S Thomas: Deputy Commissioner of Insurance; Dr. Biodun Adedipe: Chief consultant, Biodun Adedipe & Associates; Mr. Olusegun Oshinowo: DG NECA; Dr. (Mrs.) Yeside Oyetayo: Rector, College of Insurance and Financial Management; Chief Dotun Ogunwolu: foremost Insurance broking Practitioner; Idu Okwuosa: Stanbic IBTC Bank; Dr. Mrs. Tonia Smart: MD/CEO, York City Consult Limited and Mr. Toye Odunsi: Managing Director, Custodian & Allied Insurance Plc.
He said this year’s programme is aimed at looking at various government policies as they relate to investment of pension and insurance funds and that will also examine various investment options, as well as the effectiveness of regulatory bodies – NAICOM, PenCom, CBN, SEC and more, in the performance of their statutory roles.
“Pension and Insurance have been the two industries closely related because they are guided by the same principle: security and investment; unfortunately they have been badly hit by missiles emanating from misinformation, corruption and mismanagement. All these thrive because people have not been properly informed and educated. This led to various level of fraud in both the pension and insurance industry. Because both beneficiaries and claimants have suffered not only in silence but also in the open, hence the inevitable explosion leading to exposure of various forms of corruption in the industries.
“Peninscope is made up of professionals in both pension and insurance with over thirty years of experience. The need to bridge the invisible gap causing disjoint in a relationship which is supposed to be cordial between the insured /contributors and the insurer/fund administrators but are frequently strained, making it relevant for us to fill in the gap. In an attempt to do this, we have a lot of activities up our sleeves to contribute in making the system work,” he said.