National Pension Commission (PenCom) has disclosed that the total number of Retirement Savings Account (RSA) Registrations as at 31 July 2020 is 9,067,623, this shows an increase of 27,875 for the Month of July 2020 compared to the 9,039,748 as at 30 June 2020.
The total number of Retirement Savings Accounts (RSA) month on month post Covid-19 lockdown, continues to increase gradually (April 6,931, May 10,826, June 23,424 and July 27,875) though it is still not anywhere near the average of 40,088 per month for the year 2019.
PenCom only released the total figures as at 31 July 2020 without releasing the breakdown based on Age and Gender as was previously done as seen in the reports up to as at 31 May 2019. PenCom did not release the monthly reports for RSA registrations as at 30 June 2019 to 29 February 2020. PenCom resumed the release of the monthly report as at 31 March 2020 and has been releasing only the total figures since then. PenCom recently released its Annual Report for full year 2019 and data for RSA registrations was still not broken-down by Sector or gender.
We look forward to a time when the Regulator, National Pension Commission (PenCom) will release the monthly report for RSA Registrations per Fund, per Pension Fund Administrator (PFA) along with the breakdown based on Age and Gender. This will enable stakeholders and industry analyst measure PFA performance based on RSA registrations per Fund, along age brackets, sector and gender.
PenCom Report on Retirement Savings Account (RSA) Registrations as at 31 July 2020
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