Sigma Pensions Limited (RC 606338) was incorporated in August 2004, with the sole objective of undertaking and delivering excellent pension fund administration and management services to employees within the private and public sector, according to the Nigeria Pension Reform Act (PRA 2004).
The company had an initial authorized share capital of N300 million ordinary shares of N1.00 each and has since been raised to N1.25 billion of shares, with N985 million of the shares fully paid. The issued and fully paid-up share capital is 650% of the minimum requirement by the Pension Reform Act, as ensured by the shareholders of Sigma Pensions such that the capital base of the company is more than adequate to meet the company’s needs.
Following the approval-in-principle granted to the company on the 8th of July 2005 by PenCom and the fulfillment of all pre-licensing requirements, Sigma Pensions was granted full license to operate as a Pension Fund Administrator (PFA) on the 8th of December 2005. Sigma Pensions is today one of the top Five (5) Pension Fund Administrators in Nigeria with Asset Under Management (AUM) of about N345 billion for over 705,000 registered Contributors in Nigeria.
Sigma Pensions is owned by Actis, Directors and Management through Actis Golf Nigeria Limited. Actis, a London based Private Equity ﬁrm, who owns controlling shares in Sigma Pensions is one of the leading Emerging Market Private Equity Fund Managers with more than US$7billion assets under management. They are a leading investor in the ﬁnancial services sector, with superior knowledge across various sectors, including: Asset Management, Pension Fund Administration, Specialty Finance, Mobile Payment services and Credit Information.