Access ARM Pensions has reinforced its commitment to broadening access to long-term retirement savings through its Personal Pension Plan and the newly launched dollar-denominated RSA Fund VII. The initiative comes as both products gain relevance in Nigeria’s evolving pension industry.
The announcement was made during a webinar titled “Understanding the Personal Pension Plan and Dollar Fund VII,” aimed at promoting financial inclusion and raising public awareness of flexible pension planning options, including for Nigerians in the diaspora.
Maryam Musa-Amzat, Unit Head of Private Client Desk at Access ARM Pensions, emphasized that the products offer resilient and adaptable retirement solutions, designed to inspire confidence in pension savings while complying fully with regulatory frameworks. The firm currently manages over N4 trillion in pension assets for more than two million Retirement Savings Account holders.
Ireti Ishola, Head of Strategy, explained that the Personal Pension Plan, formerly known as Micro Pensions, targets self-employed individuals, informal sector workers, and employees in very small organizations. The plan allows contributors to make voluntary savings beyond mandatory pension contributions, with withdrawals after five years being tax-exempt.
The Chief Investment Officer, Wale Okunrinboye, highlighted RSA Fund VII as a dollar-denominated option for contributors seeking portfolio diversification and long-term foreign currency returns. Investments under the fund include US dollar bonds, money market instruments, corporate and supranational bonds, as well as SEC-registered funds in real estate, private equity, and infrastructure.
Zainab Bello, Head of Benefits Administration, confirmed that the Personal Pension Plan aligns with the National Pension Commission’s objectives to expand coverage, particularly in the informal sector, while strengthening consumer protection.
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