PenCom Insight: RSA transfer system revolutionises Nigerian pension industry

An essential advancement in Nigeria’s contributory pension scheme came with the introduction of the retirement savings account transfer. This innovation allows RSA holders to seamlessly move their accounts from one pension fund administrator to another using the retirement savings account transfer system deployed by the National Pension Commission .

The development of the RSA transfer system followed the ECRS. As the application is tagged, the RTS is a unique and robust electronic platform that enables seamless RSA transfers.The application is used for submitting, processing, and monitoring RSA transfer requests. All transfer requests received within the third month of a quarter are processed in the next quarter.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PenCom Insight:: RSA transfer system revolutionises Nigerian pension industryAn essential advancement in Nigeria's contributory pension scheme (CPS) came with the introduction of the retirement savings account (RSA)
Source: thecableng - 🏆 2. / 80 Read more »

Pension Insight: PenCom empowers employees to report noncomplianceNigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »

INSIGHT: Disturbing abductions of Nigerian schoolchildren -- what are the implications?Nigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »

INSIGHT: Disturbing abductions of Nigerian schoolchildren -- what are the implications?Nigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »

Base PFAs change on performance, says PenComThe Nation Newspaper Base PFAs change on performance, says PenCom
Source: TheNationNews - 🏆 6. / 69 Read more »

Nigerian Mixed Martial Arts Federation sets new targets after African Games successNamibia will host the International Mixed Martial Arts Federation (IMMAF) Africa Championships later this year where Nigeria will be slugging it with other countries.
Source: PremiumTimesng - 🏆 3. / 78 Read more »