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Access ARM Pensions advocates PPP, dollar fund adoption

Access ARM Pensions is seeking wider adoption of its Personal Pension Plan and Dollar Fund VII.

The firm reiterated its commitment to expanding access to long-term retirement savings through these products.

Both the PPP and the dollar-denominated RSA Fund VII are gaining increasing relevance in Nigeria’s evolving pension industry.

According to The Guardian, the Pension Fund Administrator made this known at a recent webinar titled ‘Understanding the Personal Pension Plan and Dollar Fund VII’. The event was organised to deepen public understanding of flexible pension planning options and promote broader financial inclusion across different segments, including Nigerians in the diaspora.

Speaking at the webinar, Head of Private Client Desk at Access ARM Pensions, Maryam Musa-Amzat, said the two products represent the industry’s response to changing domestic and global economic realities.

“The PPP and Dollar Fund VII offer contributors more resilient and adaptable options for long-term retirement planning. They are designed to strengthen confidence in pension savings while remaining fully aligned with regulatory frameworks,” she said.

Musa-Amzat noted that Access ARM Pensions currently manages over N4 trillion in pension assets on behalf of more than two million retirement savings account (RSA) holders. This underscores the firm’s role in shaping conversations 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 scheme targets self-employed individuals, informal sector workers, employees in organisations with fewer than three staff, as well as contributors under the Contributory Pension Scheme (CPS) seeking additional flexible savings options.

Chief Investment Officer, Wale Okunrinboye, described RSA Fund VII as suitable for contributors seeking portfolio diversification and long-term foreign currency earnings.

“The Dollar Fund is designed for contributors looking to hedge currency risk over the long term. Investments are spread across U.S. dollar-denominated bonds, money market instruments, corporate and supranational bonds, as well as SEC-registered specialist funds such as real estate, private equity and infrastructure,” he said.