Lagos, Nigeria
PAL Pensions, established on April 14, 2005, operates within Nigeria’s financial landscape, focusing on the management and administration of retirement savings. The company was formed in response to the Pension Reform Act of 2004 and is a joint venture between FSDH Merchant Bank and African Alliance Insurance Company Limited.
As one of the leading Pension Fund Administrators (PFA) in the country, PAL Pensions manages assets under management totaling approximately N185 billion as of July 31, 2015. Their diverse customer base spans both the private and public sectors, including federal institutions and state governments.
The company specializes in a variety of financial services, such as Retirement Savings Accounts, Retiree Funds, and Legacy Funds. Despite a strong market position, PAL Pensions has not reported any recent investments. This stability, coupled with its strategic partnerships, positions PAL Pensions as a solid candidate for further investment opportunities in Nigeria's growing financial services sector.
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