AIICO Pension Managers Limited is a reputable company in the pension management industry. It is a subsidiary of AIICO Insurance Plc.
AIICO Pension Managers Limited is licensed by the National Pension Commission (PenCom) to manage pension funds in Nigeria. The company has a strong presence in the country with a wide range of pension products and services.
AIICO Pension Managers Limited is committed to providing excellent customer service to its clients. This is evident in its dedicated team of professionals who are always available to assist with any pension-related queries or concerns.
Financial Performance
AIICO Pension Managers Limited has a strong financial performance, with an annual revenue of $28 million in 2025.
The company's revenue has likely been steadily increasing over the years, with a significant growth in recent times.
Its annual revenue is a testament to the company's successful business strategies and operations.
In 2025, AIICO Pension Managers Limited's revenue reached a notable milestone, surpassing expectations and solidifying its position in the market.
Industry News
FCMB Pensions is in talks to buy AIICO Pension, a subsidiary of AIICO Insurance Plc.
The proposed acquisition will give FCMB a 70% stake in AIICO Pensions, with the remaining 26% held by other shareholders.
FCMB intends to make AIICO Pensions an indirect subsidiary of FCMB Group Plc.
The deal is subject to approvals from the National Pension Commission (PENCOM) and the Federal Competition and Consumer Protection Commission.
FCMB Group Plc acquired Legacy Pension Managers Limited in 2017, increasing its interest in the company from 28.2% to 88.2%.
General Information
FCMB Pensions is in talks to buy AIICO Pension, a subsidiary of AIICO Insurance Plc. The deal involves FCMB acquiring a 70% stake held by AIICO Insurance and a 26% stake held by other shareholders.
AIICO Pension shall cease to be a subsidiary of AIICO Insurance Plc once the deal is successful. The proposed transaction is subject to approvals from the National Pension Commission (PENCOM) and the Federal Competition and Consumer Protection Commission.
FCMB Group Plc acquired its pension subsidiary in 2017 by buying an additional 60% equity stake in Legacy Pension Managers Limited.
Where Is Based?
AIICO Pension Managers Limited is based in Ikeja, Lagos.
How Many Employees Are There?
In this section, we'll take a look at the number of employees working at AIICO Pension Managers Limited.
123 people are employed at AIICO Pension Managers Limited.
Pension Questions
You can start collecting your pension from age 55, but the full amount isn't available until you're 65.
Most people don't need to pay income tax on their state pension, but it depends on other income sources.
If you have a private pension, you'll need to pay tax on the income it generates, just like any other earnings.
Some pensions offer a tax-free lump sum when you first start receiving payments.
You can choose to take a lump sum payment from your pension, but this reduces the amount you'll receive each month.
If you're married or in a civil partnership, you can inherit your partner's state pension if they die.
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Frequently Asked Questions
What are the benefits of the AIICO annuity plan?
The AIICO annuity plan offers a flexible way to save for retirement with lump sum or annual premium payments, and no medical examination is required. You can create a personalized plan to achieve your target income at retirement, whether flat or increasing annually.
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