First Pension Custodian acquires Access Pension Custodian 

First Pension Custodian Limited has fully acquired Access Pension Custodian Limited with regulatory approvals.

In a statement intimating the general public and relevant stakeholders about the development, the National Pension Commission (PenCom) said the approval for the acquisition of Access Pension Custodian Limited by First Pension Custodian Limited is concluded.

The statement explained that the acquisition is the culmination of the divestment process by Access Pension Custodian Limited from the pension custody business, transfer of all assets under its custody to First Pension Custodian Limited and the return of its operating license to PenCom.

Signalling industry calm, “The Commission assures stakeholders and the general public of its continued commitment to the effective regulation and supervision of the pension industry.”

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