PAL Pensions asset hits N673 bn

Pensions Alliance Limited (PAL Pensions), has reached a significant milestone with its total Assets Under Management (AUM) reaching N673 billion as of July 2023. PAL is owned by two reputable financial institutions, FSDH Holdings Limited (owners of FSDH Merchant Bank) and African Alliance Insurance Company Limited (AAIP). This remarkable journey, which started 18 years ago, […]

Pensions Alliance Limited (PAL Pensions), has reached a significant milestone with its total Assets Under Management (AUM) reaching N673 billion as of July 2023.

PAL is owned by two reputable financial institutions, FSDH Holdings Limited (owners of FSDH Merchant Bank) and African Alliance Insurance Company Limited (AAIP).

This remarkable journey, which started 18 years ago, in 2005, has seen the company manage the Retirement Savings Accounts (RSA) of over 600,000 Nigerians and Legacy Funds of some reputable organisations, consistent with its vision “to be the leading Pension Fund Administrator (PFA), creating value”.

Speaking on the achievements of PAL Pensions, its Acting Managing Director, Sa’adu Jijji said: “PAL Pensions stands proudly as evidence of our journey, this accomplishment represents not just growth but also fulfilled dreams, celebrated retirements, and secured legacies.

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“We have disbursed more than N128 billion in benefit payments to over 79,000 beneficiaries since inception.

 “PAL Pensions is also one of the most technologically advanced PFAs in Nigeria, offering multiple channels for client engagements. Our investment returns have been one of the best in the industry.”