National Pension Commission Sets Date for RSA transfer system

The National Pension Commission in a press conference issued by its management has set the 16th of November to launch its Retirement Savings Account (RSA) Transfer System.

All RSA account holders can, consequently, transfer their accounts from one Pension Fund Administrator (PFA) to another once in a year – commonly referred to as the Transfer Window. This directive is in line with Section 13 of the Pension Reform Act 2014.

The National Pension Commission has also stated that the RSA transfer application is an electronic platform that will enable seamless RSA transfers and the process would facilitate improved service delivery in the pension industry.