PenCom approves ARM, Access Pension merger

The National Pension Commission (PenCom) has approved the merger between ARM Pension Managers (PFA) Limited and Access Pensions Limited to form a new entity named Access Arm Pensions Limited.

The merger is expected to result in the achievement of economies of scale, improved operational efficiency of the new entity as well as improved service delivery to Retirement Savings Account (RSA) holders, the pension regulator said in an advertorial on Tuesday.

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The PenCom statement said, “This is to inform the general public that the National Pension Commission (PenCom) has granted approval for the merger between ARM Pension Managers Limited and Access Pensions Limited to form a new entity named Access Arm Pensions Limited.”

According to the Commission, the merger brings the total number of Pension Fund Administrators to 18.

Modestus Anaesoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.