Investment experts and stakeholders in the financial service industry say the investment portfolio for funds placement is a watershed to maximise profit. This clearance opinion will lure regulators, operators and stakeholders alike from the insurance and pension industries to a seminar slated for Wednesday, 4th November, 2020.
Deliberation on this is focused on the conference theme, “Promoting Bankable Investments Portfolio for Insurance and Pension Sectors” marking the annual event of the National Association of Insurance and Pension Correspondents, at Four Points By Sheraton Hotel, Victoria Island, Lagos, and investment managers from the capital and money markets are also expected.
The confab chairman is the chairman, Nigeria Social Insurance Trust Fund (NSITF), Mr. Austin Enajemo-Esire, keynote speaker is the Director General, Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf. the special guest of honour is Dr. Akin Ogunbiyi, who chairs the board of Mutual Benefits Assurance Plc and, also will serve as chief launcher of the new NAIPCO website.
The Commissioner of Insurance/CEO National Insurance Commission (NAICOM), Mr. Sunday Thomas and the Director General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar are also expected. Also billed to attend are: the chairman, Nigerian Insurers Association, Mr. Ganiyu Musa the CEO Pension Fund Operators Association of Nigeria (PenOp), Mr. Agudah Oguche, and along with others expected, would deliberate on investment options for the two operators in the Organised Private Sector of Nigeria (OPSN) and still maximise profit.
Rallying the position of NAIPCO, chairman of the Association, Mr. Chuks Okonta, said the confab gives the two sectors eager to find secured business colony to invest funds, a platform from where to make the right investment decisions.
With over N11tr funds held by the combined treasury of pension and insurance operators, a chunk of it by the pension operators; he believes there are navigable channels for investments and still guarantee returns for shareholders and customers of both sectors.
He said the quest for for investment options was germane for the PFAs following the stay off directive on them by the CBN regarding investment in treasury bills, and the current low yields on bonds, the major investment instrument of the pension industry.