Retirement Savings Account Holders Transfer Record N462 Billion in 2023, Marking Highest Switch Rate on Record
LAGOS, Nigeria – A total of 101,820 Retirement Savings Account (RSA) holders switched their Pension Fund Administrators (PFA) in 2023, marking a 10.2% increase from the previous year and setting a new record for the highest number of transfers. The value transferred amounted to N462 billion, a sharp 28% increase from the previous year and bringing the total transferred since the reopening of the transfer window in Q4 2020 to N1.14 trillion. This trend is …