Table of Contents
Key Points
- Access Holdings merged its pension units to form Access ARM Pensions Limited (AAPL), enhancing operational efficiency and expanding service offerings.
- The merger positions AAPL to lead Nigeria’s pension market by leveraging technology and Access Holdings' N27-trillion ($17 billion) balance sheet for innovative solutions and long-term growth.
- AAPL is engaging clients nationwide, reassuring them of the security of their N3 trillion ($2 billion) in assets and emphasizing a strengthened governance framework
Access Holdings, a prominent financial services group chaired by Aigboje Aig-Imoukhuede, has successfully merged its pension subsidiary, Access Pension Limited, with ARM Pension Managers Limited to create Access ARM Pensions Limited (AAPL). This newly formed entity is now set to engage with customers across Nigeria, reinforcing the safety and security of their pension funds.
During a recent meeting in Abuja, Dave Uduanu, CEO of Access ARM Pensions, highlighted the company's commitment to safeguarding client assets while delivering superior service quality.
Strengthened commitment to clients
Uduanu emphasized that the merger has created a stronger and more capable platform to provide enhanced pension management services. As part of the broader Access Holdings ecosystem, AAPL will offer its clients access to an expanded range of services, including digital lending, insurance, and banking, all backed by a N27-trillion ($17 billion) balance sheet.
“Our governance framework is now more robust than ever, ensuring the safety of the N3 trillion ($2 billion) in assets under management,” Uduanu assured clients. “With increased regulatory oversight, we aim to deliver superior service and value.”
Focus on nationwide engagement
Last week, the National Pension Commission approved the merger between ARM Pension Managers Limited and Access Pension Limited. Uduanu noted that the merger is not just about fund management but also about understanding clients’ evolving needs. The company plans to engage directly with customers in key cities, including Lagos, Ibadan, Port Harcourt, and Kaduna.
“There are clear benefits to being part of the Access ecosystem,” Uduanu said. “Listening to customers allows us to tailor services and explore how best to meet their needs.”
AAPL also plans to leverage technology to streamline operations and introduce digital solutions, making interactions easier for clients.
Ambitious goals for market leadership
The CEO reiterated the company’s long-term goal of becoming Nigeria’s leading pension administrator, noting that the merger accelerates this vision. “Starting from scratch would have taken decades, but this positions us as a formidable competitor,” he added.
Clients at recent engagement sessions expressed their support for the merger and urged the firm to maintain strong investment returns. AAPL aims to build lasting relationships through transparency and customer satisfaction, ensuring the security and growth of clients' pension funds.
