Leadway Assurance anchors women as centrepiece of importance

By Favour Nnabugwu

 

Managing Director of Leadway Assurance, Tunde Hassan-Odukale anchored women as the centrepiece of the company’s strategic importance, following this year World International Women’s Day

As the world celebrates 2022 International Women’s Day (IWD), Hassan-Odukale, emphasized the critical role women in the organisation have played in advancing the company’s vision and performance in the African insurance marketplace. 

According to him, “Women in our organisation form the most vital nucleus of our core values, strategy formulation, innovation, governance structure, business continuity model and superior customer service delivery. These values have been the DNA, or dare say, the secret of our exemplary corporate existence and globally celebrated performance. The indisputable reality is that our Women are the centrepiece of our strategic importance.”

He said that it is against this background that the entire leadership of Leadway Assurance strongly align with this year’s theme of the International Women’s Day of “Breaking the Bias”.

“It is essential that organisations like ours eliminate management and operational structures, toxic corporate culture and HR practices that remotely allow bias against women in the workplace. Even with the appropriate structures in place, it is equally important to continuously re-evaluate policies and consistently build internal awareness to check against unconscious bias against women from the Board level cascading towards the entry hierarchy.

“We must realise, as leaders, that the workplace is complexly dynamic and continually evolving, especially in the 21st century where we have three sets of generational talents; with parallel orientation, beliefs, value system and expression, coexisting, interacting and working together. These complexities with limited intersections may create room for relationship friction, therefore today’s leaders must be mindful of creating a work environment with zero tolerance towards every form of discrimination, especially against women.”  

He said that this philosophy is the entrenched approach at Leadway Assurance to ensure that women get an equal shot at career development, growth and reward. He revealed that the Board mandated consistent reviews of Leadway’s HR policies towards talent attraction, recruitment process, retention, appraisal, development, training, advancement, rewards and remunerations, and employees’ overall engagement and treatment to ensure alignment with the international sustainable workplace best practices. 

Public sector contributed N107.7bn to Nigeria’s pension scheme in Q4 2021 – PenCom

By admin

 

Workers in the public-sector contributed N107.78 billion to Nigeria’s pension savings in the fourth quarter of last year, the National Pension Commission has revealed.

A data from PenCom obtained by Ripples Nigeria on Wednesday showed that total pension contributions remitted to individual Retirement Savings Accounts (RSAs) in Q4 2021 stood at N208 billion

Therefore, the public sector accounted for 51.82 percent of the total pension contributions for the period.

The private sector contributed N101.71 billion or 48.18 percent.

For the 12 months of 2021, the total pension contributions was N879 billion.

The public sector contributed N491.74 billion to the scheme compared to N387.4 billion for the private sector.

In 2020, public sector contributions stood at N536.97 billion, while the private sector contributed N371.12 billion.

Further analysis of the data revealed that private sector workers contributed more to the pension scheme from 2014 to 2019.

PenCom approves new names for Investment One, Tangerine Pensions

By Favour Nnabugwu

 

National Pension Commission has approved new names for Investment One and Aiico Pension Manager, as Guaranty Trust Company and FCMB acquired the organisations respectively.

While the former now bears Guaranty Trust Pension Managers Limited, the latter is now known as FCMB Pensions Limited.

This was confirmed on the website of the apex regulator on Thursday. The notice stated that the duo had requested for the consent of PenCom on Wednesday on the development.

According to PenCom, it authorized Guaranty Trust Holding Company Limited’s acquisition of Investment One Pension Managers Limited and also approved the combination of Tangerine Pensions Limited and APT Pension Funds Managers Limited.
Pencom, which also approved the amalgamated entity’s subsequent name change to Tangerine APT Pensions Limited, stated, “This is to inform all stakeholders and the general public that the National Pension Commission (PenCom) has approved the following mergers and acquisitions.

“The acquisition of Investment One Pension Managers Limited by Guaranty Trust Holding Company Limited and subsequent change of name from Investment One Pension Managers Limited to Guaranty Trust Pension Managers Limited.

“The acquisition of AIICO Pension Managers Limited by FCMB Pensions Limited; and the merger between Tangerine Pensions Limited and APT Pension Funds Managers Limited and subsequent change of name of the merged entity to Tangerine APT Pensions Limited.