The Pension Operators Association of Nigeria (PenOp) has concluded the first edition of its Induction Academy, a training program designed to provide employees who joined the industry within six month to two-year time period essential knowledge and practical skills.
The inaugural edition, facilitated by seasoned retired and serving industry experts, covered five comprehensive modules, offering a well-rounded curriculum that spanned the pension industry fundamentals, customer service, investment strategies, ethics, compliance, fraud awareness, and leadership.
The CEO of PenOp, Oguche Agudah, underscored the importance of engagements like this to the participants, explaining that the industry was looking to tap their experiences from other industries, while ensuring that they understood the history, and ethos of the industry.
Head of People & Training at PenOp, Adaobi Okoye, kicked off the event, underscoring the academy’s primary goal which is to equip the participants with a deep understanding of the intricacies of the pension sector.
She introduced a diverse group of expert facilitators who delivered dynamic, engaging content focused on professional growth and practical application.
Over the course of the four-day program, participants delved into critical topics, which included; Pension Fund Investment Strategies & Risk Management exploring investment products, financial markets, and how to manage risk effectively within pension portfolios.
The program attracted 41 participants, who actively engaged in case studies, real-life scenarios, and interactive discussions.
Upon completion, participants were awarded certifications, signaling their readiness to make significant contributions to the industry.
PenOp hopes to make this a continuous program that will induct new entrants into the pension industry on an ongoing basis.
PenOp serves as the umbrella
organization for licensed Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) in Nigeria, advocating for best practices and advancing the development of the nation’s pension industry