Key Highlights
Access ARM Pensions' AUM has surpassed N4 trillion.
This marks a significant increase from less than N3 trillion after the merger in October 2024.
The growth reflects increased contributor confidence and robust digital platforms.
The company cites stronger governance and investment capabilities as drivers.
Access ARM Pensions has announced that its assets under management (AUM) have exceeded N4 trillion, a major milestone achieved following the merger of Access Pensions and ARM Pensions. The company's AUM has grown significantly since the completion of the merger in October 2024.
The achievement represents an increase of over N1 trillion in less than 14 months. This growth is attributed to a combination of factors including increased confidence among pension contributors, rising contribution inflows, and enhanced customer engagement through improved digital platforms and service channels.
According to Acting Managing Director, Abimbola Sulaiman, the milestone is a clear indicator of the successful integration and enhanced capabilities resulting from the merger. The company also cites stronger governance structures and enhanced investment capabilities as key factors contributing to the rapid growth in AUM.
The increase in AUM also suggests that Access ARM Pensions is attracting new clients and retaining existing ones in a competitive market. This comes as pension fund administrators (PFAs) are increasingly focusing on digital innovation and customer service to enhance their market position. Data indicates a growing trend of contributors seeking PFAs with strong online presence and efficient service delivery.
Market analysts believe that Access ARM Pensions' expanded nationwide presence has also played a crucial role in attracting new contributors. The merger has enabled the company to offer its services to a wider customer base, particularly in underserved regions. This means that more Nigerians are now able to access the benefits of the contributory pension scheme.
Looking ahead, Access ARM Pensions is expected to focus on further enhancing its investment strategies and expanding its digital capabilities to sustain its growth momentum. The company's performance will be closely watched by industry stakeholders, particularly in light of ongoing efforts to deepen pension penetration in Nigeria. The focus remains on providing secure and sustainable retirement savings for Nigerians.
