PAL Pensions AuM Reached N673bn in July 2023

Funmi Ogundare 

Pensions Alliance Limited (PAL Pensions), has announced that it 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.

The company in a statement said the journey, which started 18 years ago, in 2005, has seen it 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, the Acting Managing Director, Sa’adu Jijji said, “Today, PAL Pensions stands proudly as evidence of our journey. This accomplishment represents not just growth, but also fulfilled dreams, celebrated retirements, and secured legacies.” Its success, he stated, is built upon its clients “who entrusted us with their savings. 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. To partake in the PAL PENSIONS experience and its success story, kindly transfer your Retirement Savings Account for exceptional service which includes the opportunity to use up to 25 per cent of the balance in your RSA to acquire residential mortgage and overall, a secure financial future.”