Experts to brainstorm on new annuity arrangement

.BusinessToday to honour Dr Akintola Benson, 7 others

The Management of BusinessToday Communications, said it has concluded plans for this year’s Insurance and Pension (BusinessToday) Awards which will be looking at how the current annuity fund arrangement will affect Insurers and retirees in Nigeria.

According to statement released by the Managing Director/CEO, Nkechi Naeche said experts drawn from insur­ance and pension sectors would be on hand to look at ways the new anniuty fund arrangement set by both the National Pension Commission (PenCom) and National Insurance Commission (NAICOM) will affect insurers.

The theme paper: The Current Annuity Fund Arrangement: A Threat or Blessing To Insurers?
according to her will be delivered by both the Group Managing Director Royal Exchange Plc, Alhaji Auwalu Muktari and former Director General Lagos State Pension Commission (LASPEC) Adekunle Rotimi Hussain.

She said the award presenta­tion ceremony will hold on Wednesday May 31, 2017 at Protea Hotel, Isaac John Ikeja GRA, Lagos.

She noted that the event will be chaired by the MD/CEO YorkCity Consult Limited, Mrs Tonia Smart and that Honourable Commissioner, Ministry of Establishments, Training and Pensions, Lagos state, Dr. Akintola Benson Oke will be the Special Guest of Honour.

Naeche said discussants are drawn from the NAICOM; Nigerian In­surers Association (NIA); Nigeri­an Council of Registered Insur­ance Brokers (NCRIB) ; Nigeria Union of Pensioners (NUP) ; Pension Fund Op­erators Association of Nigeria (PenOP) and Trade Union Congress of Nigeria (TUC).

The awards will also feature the presentation of excellence award to the Honourable Commissioner, Ministry of Establishments, Training and Pensions, Lagos state, Dr. Akintola Benson Oke for his contributions to welfare of retirees and growth of Contributory Pension Scheme (CPS) in Lagos State in 2016.
He said the yearly award was designed to celebrate profes­sionalism and excellent dem­onstrated by individual and insurance companies and by extension deepen insurance and pension awareness in Nigeria.