Access ARM Pensions Launches With N3tn in Assets Under Management After Landmark Merger
Access ARM Pensions Limited has officially commenced operations, managing N3 trillion in Assets Under Management (AUM). The company, formed from the merger of Access Pensions Limited and ARM Pension Managers Limited, announced its mission to expand pension coverage across Nigeria, with a focus on the vast informal sector.
Following approval by the National Pension Commission, Access ARM Pensions now controls 15% of the total assets in Nigeria’s pension industry and serves over two million Retirement Savings Account (RSA) holders.
At the launch event in Abuja, Dave Uduanu, Managing Director of Access Pensions Limited, called the merger the “biggest in the pension industry,” explaining, “Access and ARM were ranked second and fourth, respectively. Coming together allows us to form a Pension Fund Administrator with N3 trillion in AUM, creating a brand we can all be proud of.”
Uduanu emphasized the company’s commitment to innovation, noting that technology will play a key role in expanding pension access, particularly through its micro-pensions strategy aimed at underserved Nigerians in the informal sector. He also highlighted the company’s robust financial health, with shareholders’ funds exceeding N20 billion—far surpassing regulatory requirements.
Austin Opara, the acting Chairman of Access ARM Pensions Limited, pledged the board’s dedication to building a strong and trusted brand, while Wale Odutola, former Managing Director of ARM Pension Managers Limited, expressed confidence in the new entity’s ability to drive innovation and excellence in pension fund management.
