ARM Pensions Fuels Homeownership Dreams with Residential Mortgage Backing

In a groundbreaking development within Nigeria’s financial sector, ARM Pension Managers, a leading Pension Fund Administrator (PFA), has achieved a significant milestone by securing funding for over 24 contributors, enabling them to acquire residential mortgages. This strategic move has seen the disbursement of a substantial sum, totaling N258,162,261.56 (Two hundred and fifty-eight million, one hundred and sixty-two thousand, two hundred and sixty-one naira and fifty-six kobo) in pension funds to these esteemed clients.

This transformative initiative aligns seamlessly with the 2022 directives of the National Pension Commission (PENCOM), reflecting ARM Pension Managers’ commitment to facilitating innovative financial solutions and empowering individuals to achieve homeownership. As part of the PENCOM guidelines, Retirement Savings Account (RSA) holders can now allocate 25 percent of their accumulated pension balances for residential mortgage equity.

The RSA-Backed Mortgage initiative signifies ARM Pensions’ proactive role in addressing Nigeria’s housing deficit. By allowing individuals to leverage a portion of their pension savings for residential mortgage equity, ARM Pension Managers significantly contributes to socio-economic development. This approach not only increases homeownership opportunities but also enhances housing affordability, addressing a critical need in the Nigerian context.

This recent achievement serves as a testament to ARM Pensions’ dedication to securing the financial futures of its members and improving their overall well-being. Mr. Wale Odutola, the Managing Director of ARM Pensions, commended the team’s dedication and efficiency in implementing this groundbreaking initiative. His emphasis on ARM Pensions’ unwavering commitment to supporting eligible members in realizing their homeownership dreams reflects the company’s focus on customer-centric solutions.

With a consistent track record of excellence, ARM Pension Managers remains one of the top performers in Nigeria’s pension industry. The organization’s commitment to providing superior service, value, and upholding professionalism underscores its position as a trusted partner in retirement planning.

For those seeking additional information about the RSA Mortgage initiative and ARM Pension Managers’ services, detailed insights can be found on the official website at http://www.armpension.com.

About ARM Pension Managers:

Since its establishment in 2005, ARM Pension Managers has operated as a licensed Pension Fund Administrator (PFA) in Nigeria. Over the years, the organization has garnered a reputation for its unwavering commitment to providing innovative pension solutions tailored to meet the ever-evolving needs of its customers. ARM Pensions stands firmly dedicated to securing financial futures and retirement planning, consistently delivering on the promise of being “Invested in your tomorrow.”