Leadway Holdings Limited has completed the acquisition of 100% equity interest in Pensions Alliance Limited (PAL), following regulatory approval from the National Pension Commission (PenCom).
The transaction marks a significant consolidation in Nigeria’s pension industry and positions Leadway as one of the largest and most resilient pension fund administrators in the country.
In a formal notice to clients, Leadway confirmed the completion of the acquisition and outlined the next steps in the integration process.
“We are pleased to inform you that following approval of the National Pension Commission (PenCom), Leadway Holdings’ acquisition of PAL Pensions has now been officially completed,” the company stated.
“The completion of this transaction signifies our journey to being part of an even stronger, larger, and more diversified financial ecosystem, and we are excited about the future.”
Integration underway, client assurance maintained
Leadway emphasized that the next phase will involve the integration of PAL Pensions with Leadway Pension PFA Limited under regulatory oversight. The company assured clients that their pension accounts remain safe, secure, and fully compliant with all regulatory standards.
“What this means for you is simple. Your pension account remains safe, secure, and fully compliant with all regulatory requirements and standards,” the statement read.
The company added that there will be no immediate changes to account access or service channels. “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.”
