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PenCom commences process for RSA transfer

The National Pension Commission has developed the RSA Transfer System, a robust electronic platform that will enable seamless RSA transfers.

Pension Fund Administrators (PFAs) will utilize the RTS platform for the submission of RSA transfer requests.

A statement from the commission says full deployment of the platform will entail extensive training of the PFA’s relevant personnel and simulation of the processes, industry-wide.

The Commission says its transfer window will facilitate full and equitable pension assets portability within the pension industry, enhance ethical competition amongst the PFAs and improve service delivery to RSA holders.

The Commission is optimistic that all necessary preparations will take place to enable opening of the RSA Transfer Window by the end of the year.

Adeniyi Bakare

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