Fund VII
(Foreign Currency Pension Fund)

The RSA Fund VII (Foreign Currency Fund) is a USD-denominated Retirement Savings Account (RSA) fund that allows eligible contributors to make and hold pension contributions in foreign currency (USD), ensuring capital preservation, competitive returns, and long-term value in hard currency.

It expands the scope of the Contributory Pension Scheme (CPS) by capturing Nigerians in the diaspora, expatriate workers, and Nigerians earning in foreign currency, thereby enhancing inclusion and deepening foreign inflows into the Nigerian pension industry.

Fund VII is open to:

• Nigerians living and working abroad (diaspora)
• Nigerians working for international organizations who earn income in foreign currency

The Fund was created to:

• Protect contributors from foreign exchange volatility by allowing them to save in hard currency
• Provide a regulated and transparent investment channel for Nigerians earning abroad or in foreign currencies
• Encourage diaspora participation in the Nigerian pension system under PenCom's supervision

• Contributions are made in USD, into a dedicated Fund VII account managed by Access ARM Pensions
• The funds are invested in approved foreign currency–denominated assets in line with PenCom's investment guidelines
• Returns are earned and retained in the same currency
• Contributors have contingent access for up to 60% of the contributions
• At retirement or upon withdrawal, contributors can choose to retain their savings in foreign currency or convert to naira at prevailing market rates

Yes. RSA Fund VII is fully regulated by the National Pension Commission (PenCom), just like all other pension funds in Nigeria.

• Diaspora customers can register online through our Access ARM Pensions portal
• Local dollar earners can register through their HR or employer
• Our relationship managers and customer service teams can also assist via email or physical branches

Access ARM Pensions is strategically positioned as an early mover in Fund VII, leveraging:

• Robust digital platforms for diaspora enrollment and account access
• Established international banking relationships through the Access Group ecosystem
• Strong investment capabilities in multi-currency fixed income and global assets

We are ready to provide a seamless experience for Nigerians abroad and those earning in foreign currency who wish to grow their retirement savings securely.

Like any investment, Fund VII is subject to market fluctuations. However, these risks are actively managed through:

• Diversified, high-quality foreign currency investments
• Prudent risk management aligned with PenCom's investment framework
• Regular portfolio reviews and transparent reporting

• Fund VII is secure, PenCom-regulated, and professionally managed
• It's designed for Nigerians abroad and local foreign currency earners seeking long-term value preservation
• It provides a unique opportunity to save for retirement in hard currency while maintaining confidence in Nigeria's regulated pension system

Contact your Access ARM relationship manager for personalized guidance.

For Nigerians living and working abroad:

• National Identification Number (NIN)
• Valid international passport
• Name, email, address, and phone number of the Next-of-Kin and legal beneficiaries
• Any other documentation as the Commission may specify from time to time

For Nigerians and foreigners working in Nigeria for foreign companies/international organisations (earning all or part of remuneration in foreign currency):

• National Identification Number
• Valid international passport (foreigners in Nigeria)
• Name, email, address, and phone number of the Next-of-Kin and legal beneficiaries
• Any other relevant documentation as the Commission may specify from time to time