Leadway Holdings Limited has officially completed the acquisition of 100% equity interest in Pensions Alliance Limited (PAL), following regulatory approval from the National Pension Commission (PenCom). The move consolidates Leadway’s position as one of Nigeria’s largest and most resilient pension fund administrators.
In a statement to clients, Leadway confirmed the completion of the transaction and outlined the integration process, assuring that all pension accounts remain safe, secure, and fully compliant with regulatory standards. “Both organisations will be working closely to ensure a smooth and transparent transition that protects your interests at every step. All channels for contacting us and engaging our services remain fully intact,” the company said.
Integration and Client Assurance
The integration will combine PAL Pensions with Leadway Pension PFA Limited under PenCom oversight. Leadway emphasized that there will be no immediate changes to account access or service channels, assuring clients continuity of service throughout the transition.
Strategic Growth and Industry Impact
The acquisition, first announced in September, involved the transfer of ownership from FSDH Holding Company Limited and Africa Alliance Insurance PLC. PAL Pensions, a leading pension fund administrator celebrating its 20th anniversary, recently surpassed N1 trillion in assets under management (AUM).
Leadway highlighted that merging PAL with Leadway Pensure creates a stronger platform capable of delivering greater value to Nigerians through improved governance, innovation, and customer reach. “The combined strength in governance, innovation, and customer reach promotes the collective goal of financial inclusion, delivers long-term value to stakeholders, and contributes to the stability of Nigeria’s financial sector,” the company said.
Leadership Perspectives
Tunde Hassan-Odukale, Group Managing Director of Leadway Holdings, described the acquisition as a reaffirmation of the company’s commitment to Nigeria’s pension industry. “By bringing PAL and Leadway Pensure together, we are building not only scale, but resilience, trust, and broader access for more Nigerians to create wealth,” he said.
Segun Odusanya, Group Managing Director of FSDH, noted that the acquisition aligns with PAL Pensions’ long-term strategy and positioned the company for sustainable growth. PAL Pensions’ Managing Director, Sa’adu Jijji, added that the transition opens opportunities for collaboration, enhanced financial solutions, and broader stakeholder value.
A Pivotal Moment for Nigeria’s Pension Industry
With regulatory approvals secured, Leadway Holdings is now positioned to expand its footprint across Nigeria’s financial services landscape. The unification of PAL and Leadway Pensure is expected to enhance service delivery, broaden financial access, and strengthen the foundation for long-term retirement planning.