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ARM Group Grows Funds under Management to N453bn

Asset and Resources Management Limited (ARM) said it has grown funds under management for its customers from zero level when it started business in 1995 to over N453 billion this year.
 
The Managing Director of the ARM Pensions Limited, one of the licensed Pension Fund Administrators (PFAs) in the country, Mr. Sadiq Mohammed, stated this during a customers’ forum tagged ‘Tomorrow is Looking Good’ hosted by the group in Lagos recently.
 
Reviewing the growth history of the company, Mohammed recalled that the group started business as a fund manager with only two products, mutual fund (Discovery Fund) and private management fund in 1995.
 
According to him, the company has established subsidiaries in various arms of the finance and rendering services to its customers in these critical areas in addition to its traditional fund management.
 
Speaking on the performance of ARM Pensions, Mohammed said the PFA started business in 2005 with no fund to manage, saying fund under management by the firm has risen to N300 billion this year.
 
According to him, the PFA understands that safety of investments is very important to investors saying “that is our watchword” at ARM pension. The firm strives to ensure that its customers get very good return on their investments and as such makes the right investments that would guarantee their customers such returns.
 
In addition to him, he said the firm also understands that the return on investment, no matter the magnitude makes no economic sense if it trails behind the rate of inflation and as such, works hard to ensure that its rate of returns on investment stays above inflation rates at all times.
 
Mohammed also stated that the firm bagged the best performing PFA in terms of the performance of the RSA fund last year, adding that nine months into the current year, the firm is still leading in this regard.
 
According to him, the PFA ensures that its clients have access to their funds wherever and whenever they need it and as such assured them that it will not relent in this regard.
 
In addition to the traditional retirement funds management services rendered by the firm to its RSA holders, additional services flowing from the group which the firm’s customers could access include several value added services ranging from trusts and wills, and other expertise from other subsidiaries within the group.
 
ARM Pensions prides itself of having over 510,000 RSA accounts at the last count and has paid over N20 billion since the business started in terms of retirees’ benefits. It has about 6,000 retirees on its payroll in addition to managing funds for other types of investors in line with the funds which it manages for UBA.

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