PAL Pensions (PAL) was incorporated on April 14, 2005 to manage and administer retirement savings contributions of employees in Nigeria as a result of the Pension Reform Act of 2004. Pensions Alliance is a joint venture between FSDH Merchant Bank and African Alliance Insurance Company Limited. Pensions Alliance Limited is one of the top seven PFAs in Nigeria with assets under management of N185 billion as at 31st July 2015. Our customer base cuts across key segments of the pension fund management industry including; Private sector, Public sector – (Federal Civil Service, Federal Government Establishments and State Governments); and defined benefits or legacy schemes. Specialities: Retirement Savings Account, Retiree Fund, Additional Voluntary Contributions (AVC), Gratuity Fund, Legacy Fund.