Tag: Payment of equity contribution for residential mortgage from RSA balance in CPS and welfare of Nigerian pensioners

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Payment of equity contribution for residential mortgage from RSA balance in CPS and welfare of Nigerian pensioners

October 2022 By Dr. Pius Apere (PhD/FCII) (Actuarial Scientist and Chartered Insurer) Chairman/CEO Achor Actuarial Services Limited 1. Introduction PenCom’s guidelines on equity contribution for residential mortgage issued recently is in line with section 89 (2) of PRA 2014, allowing Retirement Savings Account (RSA) holders utilise 25% of their RSA […]