National Pension Commission (PenCom) has disclosed that the total number of Retirement Savings Account (RSA) Registrations as at 31 May 2020 is 9,016,324. This shows an increase of 10,826 for the Month of May 2020 compared to the 9,005,498 as at 30 April 2020.
PenCom only released the total figures as at 31 May 2020 without releasing the breakdown based on Age and Gender as was done previously as seen in the reports up to as at 31 May 2019. PenCom did not release the reports for RSA registrations as at 30 June 2019 to 29 February 2020, PenCom resumed the release of the report as at 31 March 2020 and has been releasing only the total figures since then.
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 analysts measure PFA performance based on RSA registrations per Fund, along age brackets and gender.
PenCom Report on Retirement Savings Account (RSA) Registrations as at 31 May 2020