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Access ARM Pensions Financials & RSA Returns

24 October 2025

Access ARM Pensions Financials & RSA Returns

Executive Summary

Access ARM Pensions had a year of exceptionally strong growth, characterized by triple-digit increases in income, profit, and assets under management. This growth was complemented by significant improvements in operational efficiency and a substantial expansion of the customer base.

5-Year Financial Trends (2020-2024)

2024 was a breakout year following the acquisition on ARM Pensions.

Revenue Growth: Peaked dramatically in 2024 at 128.76%, far exceeding the 22.19% growth seen in 2022.
Cost to Income Ratio: The 2024 figure of 46.22% is the lowest (best) in the five-year period, continuing a trend of improving efficiency since 2021.
Return on Equity: ROE has shown consistent improvement since 2021, culminating in the 33.23% high in 2024.

RSA Holder Growth

The number of Retirement Savings Account (RSA) holders saw its largest-ever annual increase in 2024.

Total Holders: Grew by 91.90%, from 1,105,500 in 2023 to 2,121,474 in 2024.
5-Year Trend: The No. of RSA Holders illustrates relatively steady growth from 2017 to 2022, followed by a moderate increase in 2023 and a massive expansion, following the acquisition in 2024, effectively doubling its customer base in a single year.

RSA Fund Performance

Performance was mixed across the different RSA funds in 2024 compared to the previous year.

Year-over-Year Rate of Return:

Funds with Lower Returns vs. 2023:
- Fund I (Aggressive Growth): 18.42% (down from 23.24%)
- Fund II (Balanced): 15.98% (down from 18.53%)
Funds with Higher Returns vs. 2023:
- Fund III (Pre-Retirement): 14.04% (up from 13.90%)
- Fund IV (Retiree): 14.64% (up from 14.40%)
- Fund V (Micro Pension): 24.72% (a significant jump from 11.61%)
- Fund VI (Non-Interest Active): 13.29% (up from 13.20%)
- Fund VI (Non-Interest Retiree): 16.76% (up from 13.06%)

The "5-Year Audited Pension Fund Returns" chart confirms these trends, with Fund V (Micro Pension) showing standout performance in 2024.

Fund I Ranking (Full Year 2024):

Access ARM Pensions Fund I (Aggressive Growth) returned 18.42% for the full year 2024. This placed it 8th on the provided list of 18 PFAs, performing slightly above the average of 17.75%.

Source: Access ARM Pensions Financials, PenCom Reports, MoneyCounsellors® Analysis

Our data and information provided is based on public data, our regulatory intelligence effort, from our archives, and other public sources such as from Fund Managers, FMAN, Pension Fund Administrators (PFAs), PenOp, etc. We have taken care to ensure that the information is correct, but MoneyCounsellors neither warrants, represents, nor guarantees the information's contents, nor does it accept responsibility for any errors, inaccuracies, omissions, or inconsistencies contained herein. Because past performance does not predict future performance, it should not be used to make an investment decision. We make no product recommendations. No news or research item should be interpreted as a personal recommendation to buy, sell, or switch any investment. Investments and the income generated by them rise and fall in value, so you may receive more or less than you invested.