Pension administrators trade 12,681 RSA accounts worth N47.78bn in Q1

RSA accounts

Pension administrators trade 12,681 RSA accounts worth N47.78bn in Q1     Transfer of Retirement Savings Accounts (RSA) among Pension Fund Administrators (RSA) in Nigeria hit a new height in the first quarter of 2021. Data obtained from the National Pension Commission (PenCom) by Business Metrics revealed that during the period, a total of 12,681 accounts valued at N47.78 billion were moved by their holders from one PFA to another. It is calculated that compared to the preceding fourth quarter (Q4) of 2020 when just 2,799 RSA account worth N18.9…

Read more