About 24 contributors have secured funding from ARM Pension Managers, a leading Pension Fund Administrator (PFA) in Nigeria to acquire residential mortgages.
The PFA described the development as a groundbreaking development within the financial sector as this strategic move empowers customers to utilize their pension assets as valuable resources towards securing residential mortgages.
Aligned with the 2022 directives of the National Pension Commission (PenCom), ARM Pension Managers enables Retirement Savings Account (RSA) holders to allocate 25 per cent of their accumulated pension balances for residential mortgage equity.
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The RSA-Backed Mortgage initiative exemplifies ARM Pensions’ commitment to innovative financial solutions and homeownership empowerment, addressing Nigeria’s housing deficit.
By facilitating access to 25 percent of pension savings for residential mortgage equity, ARM Pension Managers significantly contributes to socio-economic development by increasing homeownership opportunities and improving housing affordability.
This milestone, the company said underscores ARM Pensions’ dedication to securing members’ financial futures and enhancing their overall well-being.
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Wale Odutola, managing director of ARM Pensions, commended the team’s dedication and efficiency in implementing this transformative initiative.
He emphasised ARM Pensions’ unwavering commitment to supporting eligible members in realising their homeownership dreams by granting access to a portion of their pension savings.
With a history of excellence, ARM Pension Managers consistently ranks among the top performers in Nigeria’s pension industry. The organization remains dedicated to providing superior service, and value, and upholding professionalism.
