PAL Pensions

PAL Pensions

Pensions Alliance Limited was incorporated in 2005 to administer retirement savings contributions under Nigeria's pension reform. Sa'adu Jijji serves as Managing Director and CEO. The firm began as a joint venture between FSDH Holding Company Limited and African Alliance Insurance Plc before the 2025 ownership change. PAL Pensions allocates across quoted equities on the Nigerian Exchange, residential and commercial real estate via REITs, and infrastructure funds. Confirmed positions include exposure to GTCO, Zenith Bank, Seplat Energy, and Nigerian Breweries. The firm holds a minority stake in Actis West Africa Real Estate Fund LP and maintains a direct real estate program that allows RSA holders to apply 25 percent of balances toward residential mortgages. Geographic focus remains Nigeria and West Africa. The firm reports 1.18 billion USD in assets under management. It maintains no disclosed additional offices beyond its Victoria Island headquarters. PAL Pensions owns 100 percent of Standard Alliance Pension and holds board representation at AFIG Funds. In September 2025 Leadway Holdings Limited completed the acquisition of 100 percent equity in PAL Pensions from prior owners FSDH and African Alliance Insurance. PAL Pensions functions as a regulated Pension Fund Administrator rather than a discretionary family office or asset manager. Its mandate requires compliance with PenOp guidelines and PenCom rules on asset allocation and custody. The structure separates client retirement assets from proprietary operations through dedicated custodians UBA Pension Custodian and Zenith Pension Custodian.