Following the completion of the acquisition of Sigma Pensions and First Guarantee Pension, by Access Corporation, both companies have been unveiled as Access Pensions.
Access Pensions is a subsidiary of Access Corporation and the merger positions the Company as the 4th largest pensions fund manager in Nigeria.
It is capitalised with double the regulatory requirement of funds in excess of N10 billion, with its assets under management (AUM) at over N900 billion and over 1 million Retirement Savings Accounts (RSAs).
Speaking at the unveiling of Access Pensions in its proposed Head Office in Abuja, the Group Chief Executive of Access Corporation, Dr Herbert Wigwe noted that the merger is in line with its corporate strategy to provide an all-inclusive financial system to cater to its vast customer base.
Wigwe who was represented by the Chief Brand and Communications Officer Access Corporation, Mr. Ameachi Okobi said: “Pension systems do provide an income in the event of retirement at old age, or disability but they also serve a far greater purpose for our customers and communities. Apart from promoting long-term savings for sustainable investment and being a retirement savings account for our over 60 million customers, it also stabilises and grows economies.”
On his part, the Managing Director of Access Pensions, Mr. Dave Uduanu stated that with the merger of First Guarantee Pension and Sigma Pensions, Access Pensions has become one large, formidable organisation with the support of a strong parent in Access Corporation.
He said: “The opportunities we all dreamt about is now within our grasp and I welcome all of us as we step into this new and exciting chapter, the emergence of Access Pensions.We are now going to shape the future that we want for ourselves and our customers while we win together.”
