Access Pensions Access Pensions - Non-Interest Fund VI
Islamic Retirement & Pension in Bauchi
The non-interest RSA offering from Access ARM Pensions, the PFA formed by the merger of Access Pensions and ARM Pension and one of Nigeria's largest by assets and RSA count. Fund VI is available on request and invests only in eligible non-interest instruments approved by PenCom, split into Active and Retiree variants. Access ARM makes joining unusually easy: an online RSA Fund VI expression-of-interest form starts the switch for both existing members and RSA holders transferring from other PFAs. Full-year 2024 returns were 16.68% for the Active fund and 16.86% for the Retiree fund, the Retiree figure ranking second among all PFAs per Nairametrics' analysis of industry data.
Access ARM's Fund VI pitch is convenience plus scale. The merged PFA is among Nigeria's largest, and it is one of very few that lets you begin a Fund VI switch entirely online through an expression-of-interest form, including if you are transferring from another PFA. Performance splits by variant: the Retiree fund's 16.86% in 2024 was second in the industry, attractive for retirees who want ethical management with capital stability, while the Active fund's 16.68% sat mid-pack. Disclosure is the weak spot; unlike Stanbic there is no published Fund VI fee schedule or contract-structure detail, so you are relying on PenCom's regulated fee caps and the FRACE framework for protection. For retirees prioritizing non-interest management, this is arguably the top choice; active savers chasing maximum Fund VI growth found better 2024 numbers at CrusaderSterling and Trustfund.
Pros
- One of Nigeria's largest PFAs after the Access-ARM merger, with a deep branch and digital network
- Second-best Retiree Fund VI return in 2024 at 16.86%
- Online expression-of-interest form makes switching in simpler than most PFAs' paper processes
- Clear public FAQ explaining Fund VI rules, eligibility and exclusions
Cons
- Fund VI-specific management fees are not published on the public site
- Active Fund VI 2024 return (16.68%) was mid-table, behind CrusaderSterling and Trustfund
- No named PFA-level Shariah committee beyond the FRACE framework
- Post-merger systems consolidation has drawn service complaints from some RSA holders
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Product Details
Structure
Non-Interest Pension Fund (Fund VI)
Best For
RSA holders who want a large-scale PFA with strong retiree-fund performance and the least friction in actually getting switched into Fund VI.
Screening Method
PenCom Fund VI Operational Framework: FRACE-approved non-interest instruments only; explicit exclusion of alcohol, pornography, weaponry, gambling/betting, speculation and interest-earning ventures
Holdings
Eligible non-interest financial instruments approved by PenCom: sukuk, Shariah-compliant money market instruments, screened equities and Islamic funds
Access Pensions in Bauchi
Access Pensions's Access Pensions - Non-Interest Fund VI accepts Bauchi residents, structured as Non-Interest Pension Fund (Fund VI). Fund VI pension options are national: any RSA holder can switch by submitting a consent form to their PFA, with one free fund-type switch per 12 months. Access Pensions operates across Nigeria, so Bauchi residents have full access to this product.
Shariah Compliance & Oversight
Framework-level oversight: FRACE (the CBN's Financial Regulation Advisory Council of Experts) certifies PenCom's Fund VI Operational Framework and defines permissible instruments. Access ARM Pensions does not publish an in-house Shariah committee for Fund VI on the pages crawled 2026-08-04.
2026-08-04
Why It's Halal
Access ARM's Fund VI operates inside the same FRACE-certified PenCom framework that governs every non-interest pension fund: assets may only be invested in instruments compliant with Islamic commercial jurisprudence as approved by FRACE, and the PFA's own FAQ spells out the exclusions, no alcohol, pornography, weaponry, gambling or betting, speculation, or interest-earning ventures. The FAQ also correctly explains the structural separation: Active Fund VI receives contributors from Funds I-III, Retiree Fund VI serves retirees from Fund IV, and Fund III members can move directly to the Retiree variant at retirement. Membership is strictly at the RSA holder's instance with no fee. Like nearly all PFAs, Access ARM does not name an internal Shariah committee for the fund; compliance verification rests on FRACE's framework certification, PenCom supervision and the limited universe of approved instruments (chiefly FGN sukuk, non-interest bank placements and screened equities). The marketing states investments follow Islamic finance principles strictly, and the framework gives that claim regulatory teeth.
Regional Availability
Access Pensions serves all of Nigeria
✓ Available nationwide including Bauchi
Start Planning: Access Pensions
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NationwideFrequently Asked Questions
What is Access Pensions Access Pensions - Non-Interest Fund VI?
Why is Access Pensions Access Pensions - Non-Interest Fund VI considered halal?
Is Access Pensions Access Pensions - Non-Interest Fund VI available in Bauchi?
What Shariah oversight does Access Pensions have?
What financing structure does Access Pensions Access Pensions - Non-Interest Fund VI use?
How do I apply for Access Pensions Access Pensions - Non-Interest Fund VI in Bauchi?
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.