By Dayo Omoogun
The National Pension Commission has announced that it will launch the RSA Transfer System on Monday 16th November 2020.
This was contained in a press release signed by its management and circulated to media on Monday 9th November 2020.
The launch which will signify the official opening of the RSA Transfer window will enable ease of choice and change of Pension Fund Administrators (PFAs) by Retirement Savings Account (RSA) Holders.
To this end, the Commission has already put in place a robust electronic platform, called RSA Transfer Application, to facilitate seamless RSA transfers.
The Commission, as well as stakeholders, believe that with this development the competition among PFAs will be keener thereby leading to better service delivery and a better deal for RSA Holders.
It will be recalled that the Commission had in an earlier press release sometime in October emphasised the need for RSA Holders to update their data with their Administrators under the Data Recapture Exercise (DRE) in readiness for the takeoff of this scheme.