Access Holdings Plc (NGX: ACCESSCORP) has announced the merger of its subsidiary, Access Pensions Limited with ARM Pensions Managers Limited (ARM”) to form Access ARM Pensions Limited (AAPL).
In a filing with the Nigerian Exchange on Wednesday, ACCESSCORP described the merger as a “significant development in its aggregation strategy for the pension funds administration industry.”
“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,” the document stated.
” 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 and compliance systems to deliver sustainable growth value to our clients, shareholders, and partners.”
Commenting on the development, Emenike D. Uduanu, CEO of Access ARM Pension Limited, said: “This merger signals a bold step in our ambition and goal to become the leading pension fund administrator in Nigeria. t 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 on the transaction, Aigboje Aig-lmoukhuede, CFR, Chairman of Access Holdings Plc, said: “l 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.”
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
