Legacy Pension Managers Limited is now FCMB Pensions Limited

As part of the strategy to harmonise its global brand and identity, FCMB Group Plc has announced a change of name in the pension management arm of its business. Formerly known as Legacy Pension Managers Limited, the leading financial services holding company’s fund managers firm will now be known as FCMB Pensions Limited.

Legacy Pension Managers Limited is now FCMB Pensions Limited lailasnews


In a statement released in Abuja, the Federal Capital Territory, the Group said, following the acquisition of majority shareholding in the company by FCMB Group Plc and the approval of the Board of Directors at its meeting of October 17, 2018, the change of name will positively enhance the company’s marketing and distribution activities.

Reacting to Media inquiries, the Managing Director of FCMB Pensions Limited, (formerly Legacy Pension), Mr. Misbahu Yola, notifying shareholders said,

“what has happened is expected and an important alignment of our marketing message. There has been a comprehensive integration of the pensions business into FCMB Group, which is known for its culture of excellence, resilience and customer focus. It is another way of welcoming it to a group that has endured and enjoyed stability and sustainable growth in the last 41years”.

FCMB Group Plc is a leading financial services group with businesses in commercial and retail banking, investment banking and wealth management, across seven subsidiaries that was founded in 1977 and became a public listed company in 2005. FCMB increased its stake in its pensions business between 2017 and 2018 from 28.3% to 91.6% currently.

The acquisition is expected to engender sustainable and diversified low-risk growth momentum. The pension firm will also leverage on FCMB’s extensive distribution network, alternate channels, digital innovation, investment research, and rapidly expanding customer base.

Chairman of the Board of FCMB Pensions Limited and the Group Chief Executive of FCMB Group Plc, Mr. Ladi Balogun said,

“the change of the company’s name will entrench a single brand identity across our pensions and retail banking businesses. Having distinguished ourselves in consumer finance over the years and gaining greater market share in retail payments solutions and savings accounts, a comprehensive suite of asset and wealth management propositions is a natural addition to our growing base of 5 million customers. The brand harmonisation will enable us create greater marketing synergies and, along with other initiatives, accelerate the growth of our pensions business”.

226 Comments

  1. It is good they changed the name to another name that aligns with the name of the bank. This is really good from a sustainable business management.

  2. New year… New resolutions. This is a good step to securing your space in the market. I wish FCMB well.

  3. Fcmb are very good financial managers and I think they would do very well with the company. Its a nice move.

  4. Kudos for this step towards services improvement. I pray all these will boost my pension investment with you.

  5. Banks these days are trying so hard to make things easy and more achievable we pray its for the best

  6. This is marketing, and is good that you did this strategy in order to keep your customers and then attract more customers in return , it’s a good one

  7. FCMB is really growing. The reason i love them is their patience and it keeps paying for them. Today, they now have a pensionns system. Big congrats, FCMB

  8. what has happened is expected and an important alignment of our marketing message. There has been a comprehensive integration of the pensions business into FCMB Group, which is known for its culture of excellence, resilience and customer focus.

  9. Their aim is customer satisfaction , rendering the best services to their prospective customers and aging strengths in the money market

  10. Good development. But I hope the change will not affect those who already have shares in the bank?

  11. Thats good , the bank is securing their place in the market , and bringing a policy for the advantage of their customers.

  12. Good development for FCMB. Hope the services will be better and there will be employment of job opportunities.

  13. Smart move by FCMB PLC this would surely boost their assets and would be good for the economy in general.

  14. The world now is a labour market so should work to secure your own spac
    Thats good innovation

  15. They’re now coming up… Since last year I heard about them for the first time… Good luck though

  16. As far is a change that will benefit the bank n the customers, then it is a welcome development, kudos to them.

  17. Congratulations to FCMB hope it will be more active and productive.continue to make your customers smile

  18. That’s well welcomed development. A big kudos to them, more growth to serve the customers better.

  19. Big congratulations to FCMB. Looking at their increased stake in its pensions business between 2017 and 2018 it raises from 28.3% to 91.6% currently. This green light for them in the market.

  20. Rebranding in the early break of the year is a good one. They should ensure it’s more active and productive

  21. Good business strategy…The people will be able to trust them wit their money since the name is well known.

  22. Integration, merging it’s all good so long it serves the interest of it’s customers and users. FCMB has been a great bank nonetheless

  23. Congratulation nice start for the new year…FCMB i call US White house always kudos to you guys keep it up more wins

  24. Is a good development, FCMB is a strong financial institution. This will help it’s customers gain more from their wealth of experience and financial strength. It will also strengthen the and encourage those who are considering a life after retirement.

  25. Is it by changing of names, will they remain active, focused, determined and functional, or they just changed name, l believe they are now faced with more task, so carry go.

  26. This is a good from FCMB and tbey are very experienced in banking and is for a good reason in the sense that it will positively enhance the company’s marketing and distribution activities.

  27. FCMB Pensions Limited is a better name than Legacy Pension Managers Limited. At least one would know from the new name that it is a branch of FCMB

  28. Nice one FCMB is a trusted brand and it has been over a decade now they have maintained their stand and provide smooth services

  29. That’s a good one.. From the marketing part of it, you wouldn’t have to explain too much as FCMB is a name already.. I’m sure this will improve the pension scheme..

  30. FCMB is a bank that is noted for quality banking transaction and so this decision is a welcome development.

  31. All of these still don’t make sense to me. Why does it have to take so long to unify your business name?

  32. That is a welcome development. At least the confident of client will increase. Knowing that former legacy pension is now owned by FCMB.

  33. I guess this new name is better, it well portrays the picture that the pension account is operated by FCMB, kudos to them

  34. That’s a good one by FCMB, the name will truly promote the bank affairs without stress, the pension accounts will be recognized that it’s operated by FCMB

  35. Congratulations
    You deserve a kudos. It’s a good development keep it up and serve your customers well

  36. Good news for there customers, since the stronger they are the better it will be for all stakeholders.

  37. Banks these days are trying so hard to make things easy and more achievable we pray its for the best

  38. New year… New resolutions. This is a good step to securing your space in the market. I wish FCMB well.

  39. This will help it’s customers gain more from their wealth of experience and financial strength. At least the confident of client will increase.

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