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Access HoldCo Nears Regulatory Approval for ARM Pensions Acquisition, Aiming to Dominate $34.9 Billion Pension Market

Access HoldCo Nears Regulatory Approval for ARM Pensions Acquisition, Aiming to Dominate $34.9 Billion Pension Market

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Access HoldCo, the parent company of Access Bank, is on the verge of regulatory approval for acquiring ARM Pensions, positioning itself as a major player in Nigeria's $34.9 billion pension market. This move follows Access HoldCo's strategic expansions, including the integration of Sigma Pension and First Guarantee Pension, potentially challenging Stanbic IBTC for the top spot. The acquisition faces scrutiny from both NGX and PenCom, ensuring financial stability and safeguarding pensioners' interests.

Access HoldCo, the parent company of Access Bank, is in the final stages of regulatory approval to acquire ARM Pensions, Nigeria's second-largest independent pension fund manager. The move is part of Access HoldCo's strategy to dominate the $34.9 billion pension market after integrating Sigma Pension and First Guarantee Pension in the previous year. Regulatory bodies, including the Nigerian Stock Exchange (NGX) and the Nigerian Pension Commission (PenCom), are scrutinizing the deal for financial stability and pensioner protection. The potential acquisition, if approved, positions Access HoldCo as a formidable contender against Stanbic IBTC in the pension industry. Social media discussions surrounding the acquisition prompted urgent meetings within Access HoldCo to address potential regulatory concerns.


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