PenCom approves merger, acquisition of pension operators - Punch Newspapers

The National Pension Commission on Wednesday announced the approval of the request for the merger and acquisition of some operators in the pension industry.The commission said it approved the acquisition of Investment One Pension Managers Limited by Guaranty Trust Holding Company Limited. It also approved the subsequent change of name from Investment One Pension Managers Limited to Guaranty Trust Pension Managers Limited.

Also approved is the acquisition of AIICO Pension Managers Limited by FCMB Pensions Limited; and the merger between Tangerine Pensions Limited and APT Pension Funds Managers Limited. According to the post, Pencom also approved the subsequent change of name of the merged entity to Tangerine APT Pensions Limited.

The post reads, “This is to inform all stakeholders and the general public that the National Pension Commission has approved the following mergers and acquisitions.”“The acquisition of Investment One Pension Managers Limited by Guaranty Trust Holding Company Limited and subsequent change of name from Investment One Pension Managers Limited to Guaranty Trust Pension Managers Limited.

“The acquisition of AIICO Pension Managers Limited by FCMB Pensions Limited; and the merger between Tangerine Pensions Limited and APT Pension Funds Managers Limited and subsequent change of name of the merged entity to Tangerine APT Pensions Limited.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

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Pencom approves acquisition of pension operators by GTCO, FCMB - Punch NewspapersThe National Pension Commission on Wednesday announced the approval of the request for the merger and acquisition of some operators in the pension industry So GTB is back to pension management business!! This time more directly. A lot of people actually allied with armengage pension managers initially because of its connection with the bank.
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