The National Pensions Commission (PENCOM) on Tuesday 5 July 2022 approved the change of name from IEI-Anchor Pension Managers Limited to Norrenberger Pensions Limited.
The name change results from Norrenberger’s acquisition of International Energy Insurance and the subsequent recapitalization of IEI Anchor Pension Managers Limited, following PENCOM’s recapitalization requirement for PFAs to boost their capital to 5 billion from NGN.
With this acquisition, Norrenberger enters the pension industry and intends to further strengthen its brand to create more opportunities for its customers by leveraging technology to revolutionize the pension industry.
Commenting on the acquisition, Group Chief Executive/Norrenberger Managing Director, Tony Edeh, said the name change will realign the PFA’s core values with those of Norrenberger, to deliver more value to all stakeholders. , noting that Norrenberger has a clear growth strategy for the PFA. Ms. Jolaade Oduntan, Managing Director of Norrenberger Pensions Limited (formerly IEI Anchor Pensions Managers Limited), expressed her excitement to officially join the Norrenberger Group. She felt that the future is very bright and can only get better with the name change as the organization intends to soar and conquer new heights, building on the Norrenberger brand. .
About Norrenberger Norrenberger is a leading independent financial services group that provides tailored financial solutions to its clients through asset management, investment banking and securities trading. With the acquisition of the IEI Group, Norrenberger enters the insurance and pension sectors.