PenCom Approves ARM Pension, Access Pensions Merger

BY NKECHI NAECHE-ESEZOBOR–The National Pension Commission (PenCom), said it 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 commission in a statement said 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.