Access Pensions Covers 60m Customers, Nigeria’s Fourth Biggest-Wigwe

The Group Chief Executive of Access Corporation, Herbert Wigwe, says it’s pension funds subsidiary will cater for over 60 million customers.

Wigwe made this known in the wake of unveiling of Sigma Pensions and First Guarantee Pension as Access Pensions.

He spoke at the unveiling of Access Pensions head office in Abuja, the nation’s capital, where he was represented by Amaechi Okobi, Chief Brand and Communications Officer, Access Corporation.

Access Pensions is “promoting long-term savings for sustainable investment and being a retirement savings account for our over 60 million customers,” Wigwe said.

The conglomerate had acquired the two pension funds firms which it has now brought under the Access Holdings management.

With the development, the financial services provider said Access Pensions has now become the fourth largest pensions funds manager in Nigeria, with regulatory requirement capital in excess of N10 billion, and N900 billion reserve as a subsidiary of Nigeria’ s largest bank.

According to the chief executive of Access Corps, Access Pension is a product of the company’s corporate strategy to provide a well organised financial system to cater to its teeming customers.

Wigwe said: “Pension systems do provide an income in the event of retirement, old age, or disability but they also serve a far greater purpose for our customers and communities.
“Apart from promoting long-term savings for sustainable investment and being a retirement savings account for our over 60 million customers, it also stabilises and grows economies.

“In line with our vision of creating a globally connected community and ecosystem inspired by Africa for the world, we want to start building first from Nigeria and then beyond.

“That is why we will work closely with our regulators to build this industry for a sustainable future for our community. Let’s shape the future we desire together.”

Last week, the Corporation received an approval from the governmnet of France to set up Hydrogen, a financial service firm which according to Wigwe will cater for intra – African trade.