Executives of PenOp
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Chuks Udo Okonta
The Pension Fund Operators Association of Nigeria (PenOp) wants to recruit a researcher that will help expand its technical capabilities, Inspen has learnt.
The Chairman, Eguarekhide Longe, who disclosed this, said the association has also commenced the process of improving the internal control processes of its Secretariat.
“The Exco having received the approval of the General Meeting, has commenced the process of improving the internal control processes of the PenOp Secretariat and recruiting a Head of Research that will expand its technical capabilities. All this is being executed with a clear sight to adhere to budget prescriptions” he said.
He noted that one of the major areas of focus of his administration is a Code of Conduct among operators, adding that he believes operators have to maintain a high standard of professionalism in their conduct as individuals and within organisations to etch ever stronger the Oasis of Sanity the industry.
“Unprofessional and unfair competitive practices should really have no place in the pension industry. As leaders, it is important that we take a firm stance on this.
“It is also very important that we foster unity amongst ourselves as operators. That we imbibe the discipline of speaking with one voice. Healthy, honest and open debate is important. But once positions are agreed, it is my opinion that they should be binding. This applies likewise to payment of dues by all operators,” he said.
Longe said an effective association can only work for good and progress for all operators, stressing that no criticism should be considered too scathing to absorb or give if it leads to overall ‘process improvement’.
Inspen gathered that draft Code of Ethics, has been exposed to members and allowed to send their input to the Legal & Regulatory Committee to review and include. After which, it will be in sync with the Code put in place by the National Pension Commission (PenCom) and will be subsequently adopted by the operators.