Peninscope set for 2017 public lecture, award others

In a move to encourage best practices in the pension and insurance industries, Peninscope Professional Warranty Limited has planned to hold its 2017 public lecture and appreciate firms, and individuals, who positively impacted both sectors in Nigeria.

Peninscope is made up of professionals in both pension and insurance with over 30 years of experience.The lecture tagged: Government Policy as it affects various investment options of Pension and Insurance Funds in Nigeria: Then and Now, and The Effectiveness of Regulatory Bodies in the performance of their Statutory Roles.

The event consider best practices in the management of Insurance and Pension Funds, and will also witness the launch of the 6th edition of the PensionScope magazine, according to the Managing Director/Chief Executive Officer, Peter Adediji.

Adediji said participants are drawn from pension and insurance industries, public sector, estate managers, legal and accounting firms, stock broking and other investment institutions, as well as the Media.

According to him, speakers and discussants have been carefully selected to include: Dr. Umar Farouk: Head, Research and Strategy Management, PenCom; O.S Thomas, Deputy Commissioner for Insurance; Dr. Biodun Adedipe, Chief consultant, Biodun Adedipe & Associates; Olusegun Oshinowo, Director General, Nigerian Emploers Consultative Assembly (NECA) and a host of many others.

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 also examine various investment options, as well as the effectiveness of regulatory bodies – NAICOM, PenCom, CBN, SEC, and others 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.”