DG, PenCom

By Ngozi Onyeakusi—The National Pension
Commission (PenCom) has granted approval for the merger between ARM Pension Managers (PFA) Limited and Access Pensions Limited to form a new entity named Access ARM Pensions Limited.

 

The merger according to the commission 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 SavingsAccount (RSA) Holders.

 

With the merger, this brings the total number of PFAs to 18 said PenCom.