PenCom approves merger between Access, ARM pensions

The National Pension Commission (PenCom) yesterday announced that it has approved the merger between ARM Pension Managers and Access Pensions Limited.

In a statement by PenCom,  the regulator stated that the merger will ensure efficiency and service delivery to Retirement Savings Account holders of both Pension Fund Administrators

“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,” PenCom said.