In a major move that could reshape Nigeria’s pension industry, Leadway Holdings Limited has acquired full ownership of Pensions Alliance Limited (PAL), one of the country’s leading Pension Fund Administrators.

This acquisition transfers PAL’s equity from FSDH Holding Company Limited and Africa Alliance Insurance Plc to Leadway, signaling a wave of strategic consolidations in Nigeria’s financial services sector.

For Leadway Holdings, one of Nigeria’s most diversified financial groups, the deal represents more than just expansion. It’s a deliberate step to strengthen its presence in the pension industry while reinforcing its commitment to long-term economic growth.

PAL Pensions recently marked its 20th anniversary and surpassed ₦1 trillion in Assets Under Management (AUM) – a milestone that adds significant weight to Leadway’s portfolio. By merging PAL with Leadway Pensure, the company is creating one of Nigeria’s largest and most resilient pension fund administrators, with stronger capacity to deliver value to millions of Nigerians.

“This milestone is more than a transaction; it is a reaffirmation of our belief in the future of Nigeria’s pension industry and our responsibility to contribute to its growth,” said Tunde Hassan-Odukale, Group Managing Director of Leadway Holdings. “By bringing PAL and Leadway Pensure together, we are building scale, resilience, and broader access for Nigerians to create wealth.”

The merger also positions Leadway to capture future opportunities in Nigeria’s growing pension market while strengthening nationwide reach, innovation, and governance.

On their part, FSDH Holdings, one of the former owners of PAL, described the decision as strategic and in line with their long-term global vision. Segun Odusanya, Group Managing Director of FSDH, explained: “This decision reflects our strategy to sharpen our portfolio focus while ensuring PAL Pensions is positioned for sustainable growth.”

With this acquisition, Leadway has taken a bold step to cement its place as a powerhouse in Nigeria’s pension space, while giving more Nigerians access to wealth-building opportunities for the future.