Nigeria - 2020 - Finance

Regulation for the Transfer of Retirement Savings Accounts (RSA)

Ministry of Finance, Budget and National Planning, Nigeria

This regulation follows the Pension Reform Act 2004 and seeks to ensure the seamless transfer of Retirement Savings Account from one pension fund administrator to another, the criteria for such transactions, and the penalties for violation of the RSA transfer processes to ensure full compliance with regulatory requirements.

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Regulation for the Transfer of Retirement Savings Accounts (RSA) Current Version

January 2022

This regulation follows the Pension Reform Act 2004 and seeks to ensure the seamless transfer of Retirement Savings Account from one pension fund administrator to another, the criteria for such transactions, and the penalties for violation of the RSA transfer processes to ensure full compliance with regulatory requirements.

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