The National Pension Commission (PenCom) has approved the merger between Access Pensions Limited and ARM Pension Managers (PFA) Limited.
The is coming after Access Pensions Limited acquired the majority stake in ARM Pension Managers (PFA) Limited.
The approval notice was released to the public by PenCom on 1st of October 2024.
According to the notice, PenCom reiterated the merger is expected to improve efficiency and service delivery to RSA holders while leveraging economies of scale.
The notice read as follows:
This is to inform the general public that 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 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. With the merger, this brings the total number of PFAs to 18.
