PenCom approves ARM, Access PFAs’ merger

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The National Pension Commission has approved the merger of ARM Pension Managers (PFA) Limited and Access Pensions Limited.

It said this in a statement titled, ‘Merger between ARM Pension Managers (PFA) Limited and Access Pensions Limited’.

The statement said, ‘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.”