The newly formed Access ARM Pensions Limited, a merger of Access Pensions and ARM pensions, has officially launched with a commitment to drive innovation and expand pension coverage into Nigeria’s vast informal sector. Speaking at the unveiling of the new company in Abuja, the Managing Director, Access Pensions Limited, Mr. Dave Uduanu, emphasised the strength of the organisation with the support of Access Corporation.

He said the new entity was strongly capitalised with total shareholders’ funds exceeding N20 billion, and well above the minimum regulatory requirement. He further outlined plans to collaborate with regulators, partners, and the parent company to leverage technology for expanding pension coverage into the vast informal sector through a well-crafted onboarding strategy for micro-pensions.

Uduanu said over the past 19 years, the legacy companies had thrived through unwavering determination, growing sustainably, and earning the loyalty of their customers. He said: “This is the biggest merger in the pension industry. Access and ARM were number two and four in the industry. Coming together to create a PFA with N3 trillion of Asset Under Management (AUM) with 15 per cent of industry total asset and more than 20 per cent of customer base. It is an opportunity to create a brand that we can all be proud of.”

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