Access Holdings Plc has announced a significant development in its aggregation strategy for the pension funds administration industry. Sequel to its earlier announcement, the Company’s subsidiary, Access Pensions Limited has merged with ARM Pensions Managers Limited to form Access ARM Pensions Limited (AAPL). AAPL is one of Nigeria’s largest Pension Funds Administrator by customer base and Assets Under Management.
With nearly N3 trillion in assets under management and serving over 2 million Retirement Savings Account holders, AAPL is positioned to deliver exceptional value to all its stakeholders. The enhanced scale allows it to broaden service offerings, attract and retain top talent, and invest in innovative client-driven solutions and risk compliance systems to deliver sustainable growth value to clients, shareholders and partners.
Commenting on the development, Emenike D, Uduanu, CEO of Access ARM Pensions Limited said:
“This merger signals a bold step in our ambition and goal to become the leading pension fund administrator in Nigeria. It provides us the platform to expand our services, enhance operational efficiency, and innovate for the future. We are committed to making AAPL a symbol of trust and security for our clients as we work tirelessly to provide long-term value for individuals planning their retirements”.
Speaking of the transaction, Aigboje Aig-Imoukhuede, Chairman of Access Holdings Plc stated thus:
“I am delighted at the closure of this transaction that brings these two winning companies together and excited by the opportunities that Access ARM Pensions Limited represents. I am confident we will establish our pension business as a leading African brand in the retirement and benefits sector contributing to an even brighter future for our stakeholders”.