Access Holdings Plc has announced a significant development in the pension industry through the merger of its subsidiary, Access Pensions Limited (APL), with ARM Pensions Managers Limited.
The combined entity, now known as Access ARM Pensions Limited, marks a new chapter for the company in enhancing its offerings in the pension management space. The merger, completed on 2 October 2024, brings together the expertise of both firms, with ARM Pensions being a well-known player in the pension fund administration industry.
According to the statement from Access Holdings dated October 2, 2024, this transaction was driven by a strategic ambition to create more value for clients, shareholders, and the broader economy.
With over 2 trillion Naira in funds under management, Access ARM Pensions Limited is expected to leverage its scale to drive increased customer satisfaction while unlocking synergies between both companies.
Enwoke D. Ukama, CEO of Access ARM Pensions, highlighted the goal of maintaining the firm’s leading position in the industry while continuing to provide robust pension fund management services. The merger is set to further enhance the company’s market presence and competitiveness.
Aigboje Aig-Imoukhuede, Chairman of Access Holdings, noted that the consolidation of Access Pensions and ARM Pensions would not only streamline operations but also create enhanced opportunities for growth and better returns for stakeholders.
Aig-Imoukhuede emphasized that this merger would enable the new entity to deliver superior pension management solutions and contribute significantly to the country’s economic development.
The combined entity now stands as one of Nigeria’s largest pension fund administrators (PFAs), reinforcing Access Holdings’ commitment to expanding its presence in the financial services industry.
Access ARM Pensions Limited is poised to redefine pension management standards, aligning with the group’s broader vision of delivering unparalleled service excellence and innovation.
