Leadway Holdings Limited has finalised its acquisition of Pensions Alliance Limited after securing approval from Nigeria’s National Pension Commission.
The company confirmed the completion through a notice issued to clients. The statement outlined immediate integration plans and affirmed that all regulatory conditions have been met.
The acquisition gives Leadway full control of PAL’s assets, client portfolios, technology systems and nationwide operations. The company said the transition will not disrupt existing services.
Leadway stated that clients of both organisations will retain account access and ongoing contributions without changes to their pension structures.
The firm said its expanded scale will strengthen investment capacity and long-term fund stability.
The company added that the consolidation aligns with Nigeria’s regulatory push for stronger, better-capitalised pension administrators. Sector reforms continue to encourage mergers that improve operational efficiency.
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Leadway said the combined entity will adopt unified service standards across all branches. It noted that system integration and compliance audits will run through the coming months.
PAL’s management team will support the transition as operational units merge. Leadway said the process is designed to protect contributors while enhancing fund security.
A spokesperson said the acquisition advances the company’s long-term growth strategy and positions it to deliver stronger returns for retirees.
The spokesperson said the organisation is committed to transparent communication throughout the process.
Industry analysts view the transaction as a major consolidation milestone, marking one of the largest pension management takeovers in recent years. They said the deal signals the rising influence of private financial groups in Nigeria’s pension landscape.
The National Pension Commission maintains oversight of the transition to ensure compliance with investment standards, governance rules and contributor protection requirements.
