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
This is contained in a terse statement by the Commission. PenCom did not provide further information on the deal and how long this was in the works nor was the business control the merger affords stated.
It was clear however, that 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.
