Section 4.2.5 of the Guidelines on Accessing Retirement Savings Account (RSA) Balance Towards Payment of Equity Contribution for Residential Mortgage by RSA Holders (the Guidelines) Â stipulates that the Commission should liaise with the Central Bank of Nigeria on an annual basis to determine the mortgage lenders that meet the minimum requirements of the Guidelines […]
DownloadThe Pension Reform Act 2014 (PRA 2014) mandates employers with three or more employees to remit pension contributions into the Retirement Savings Accounts (RSAs) of their employees with Pension Fund Administrators (PFAs). The PRA 2014 further mandates employers to remit the pension contributions of their employees who are yet to open RSAs into nominal RSAs with any PFA chosen at the employers’ discretion.
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