Premium Pension Limited and Trustfund Pensions Limited have initiated plans to merge in a move that could result in the creation of Nigeria’s third-largest Pension Fund Administrator (PFA).

The proposed transaction, which is subject to regulatory approval, was announced through a merger notification published by the Federal Competition and Consumer Protection Commission (FCCPC).

According to the notification, the merger is expected to strengthen the combined firm’s operational capacity, enhance service delivery, and improve its competitiveness in Nigeria’s pension industry.

Upon completion, the new entity is projected to manage pension assets exceeding ₦2 trillion on behalf of millions of Retirement Savings Account (RSA) holders, making it one of the country’s largest PFAs by assets under management.

The proposed merger reflects the ongoing consolidation within Nigeria’s pension sector as operators reposition to meet regulatory requirements and drive sustainable growth. Visit www.jocomms.com for more news.