OUR RISK POLICY
Create and sustain a best practice risk management function that is process based, driven by cutting edge technology and managed by a highly trained workforce with a focus on minimizing actuarial and operational risks and losses.
Enforce zero tolerance for policy violation and service delivery failure
Limit incidence of financial and non-financial losses (in the areas of investment, market, operations, as well as Collateral Damage to the company’s /goodwill) to tolerable levels.
Pursue and attain the highest standard of Corporate Governance and Regulatory Compliance under a zero tolerance policy for regulatory infraction
Ensure the integrity and reliability of our Database, Accounting/MIS, IT Infrastructure and all Operating Systems across with a view to ensuring prompt and accurate rendition of all regulatory returns and timely provision of accurate information for management decision
Maintain a feedback process that facilitates the continuous review of risk analysis and processes for effectiveness, relevance, and changes in the market place.
Organize the above objectives such that an optimal balance exists between risk management, service delivery, relationship management and control objectives.
Strive to meet and exceed minimum best practice standards in actuarial risk management as defined by local and international regulatory bodies and market leaders.
Recognize that the long-term survival of the institution depends on its ability to abide by sound risk management practices and corporate governance principles. Therefore, where there is a conflict between risk and revenue considerations risk management issues take precedence.
Engage the Board of Directors and Senior Management of the company in the risk management and control process.
Ensure that risk reports are integral to the management information process to provide a continuous basis for reviewing corporate strategies, products pricing, performance appraisal, consequence management, and provisioning and capital calculations.
Others Administrative Fees Charged - One Hundred (100) Naira only on every contribution
Name of PFC appointed for RSA Fund - First Pension Custodian
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