Access ARM Pensions advocates PPP, dollar fund adoption
Access ARM Pensions is promoting its Personal Pension Plan and Dollar Fund VII.
The company reaffirmed its commitment to providing more access to long-term retirement savings through these offerings.
The PPP and the dollar-denominated RSA Fund VII are becoming increasingly important in Nigeria's growing pension industry.
According to The Guardian, the Pension Fund Administrator announced this at a recent webinar titled 'Understanding the Personal Pension Plan and Dollar Fund VII'. The event aimed to increase public awareness of flexible pension planning choices and encourage broader financial inclusion across various segments, including Nigerians in the diaspora.
The company reaffirmed its commitment to providing more access to long-term retirement savings through these offerings.
The PPP and the dollar-denominated RSA Fund VII are becoming increasingly important in Nigeria's growing pension industry.
According to The Guardian, the Pension Fund Administrator announced this at a recent webinar titled 'Understanding the Personal Pension Plan and Dollar Fund VII'. The event aimed to increase public awareness of flexible pension planning choices and encourage broader financial inclusion across various segments, including Nigerians in the diaspora.
Maryam Musa-Amzat, Head of Private Client Desk at Access ARM Pensions, stated during the webinar that the two products reflect the industry's response to shifting domestic and global economic realities.
"The PPP and Dollar Fund VII provide more resilient and adaptive solutions for long-term retirement planning. They are intended to boost confidence in pension savings while remaining completely compliant with regulatory standards," she stated.
Musa-Amzat stated that Access ARM Pensions now handles over N4 trillion in pension assets on behalf of more over two million retirement savings account (RSA) participants. This demonstrates the firm's influence in fostering discussions around sustainable and inclusive retirement planning.
"The PPP and Dollar Fund VII provide more resilient and adaptive solutions for long-term retirement planning. They are intended to boost confidence in pension savings while remaining completely compliant with regulatory standards," she stated.
Musa-Amzat stated that Access ARM Pensions now handles over N4 trillion in pension assets on behalf of more over two million retirement savings account (RSA) participants. This demonstrates the firm's influence in fostering discussions around sustainable and inclusive retirement planning.
From a strategic perspective, Head of Strategy, Ireti Ishola, explained that the PPP, formerly known as micro pensions, is an enhanced voluntary pension arrangement established under the Pension Reform Act 2024.
The system is aimed at self-employed people, informal sector workers, employees in businesses with less than three employees, and Contributory Pension system (CPS) participants who want more flexible savings alternatives.
Wale Okunrinboye, Chief Investment Officer, defined RSA Fund VII as appropriate for investors seeking portfolio diversification and long-term foreign currency earnings.
"The Dollar Fund is intended for contributors who want to manage their currency risk over time. Investments are distributed among U.S. dollar-denominated bonds, money market instruments, corporate and supranational bonds, and SEC-registered specialist funds such as real estate, private equity, and infrastructure," he explained.
Wale Okunrinboye, Chief Investment Officer, defined RSA Fund VII as appropriate for investors seeking portfolio diversification and long-term foreign currency earnings.
"The Dollar Fund is intended for contributors who want to manage their currency risk over time. Investments are distributed among U.S. dollar-denominated bonds, money market instruments, corporate and supranational bonds, and SEC-registered specialist funds such as real estate, private equity, and infrastructure," he explained.
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