The company, which provides trustee services under the Tier Two and Three schemes, beat three other companies to pick up the enviable award.

The Chief Executive Office of the company, Mr Samuel Bediako Waterberg, said the recognition only reaffirmed the company's innovation in product development and customer service towards achieving the goal of reducing old-age poverty in the country.

“It is a great honour to win the Pension Company of the Year award and we dedicate it to all our loyal customers.

It proves that hard work pays, and that People’s Pension Trust is indeed on course to providing pension cover for at least 500,000 workers, especially those in the informal sector by 2022.”

He added, “winning this award barely two years of entry into the pensions industry also shows that we are indeed doing something right.

It demonstrates our strict adherence to industry guidelines - especially in fund management".

Subsequently, he also reiterated the company's commitment to product innovation and advised the public to secure their future with products such as the recently-launched "Life-Bonus Personal Pension Plan”.