Pension News

Total RSA Registration as at 31 May 2023

National Pension Commission (PenCom) has disclosed that the total number of Retirement Savings Account (RSA) Registrations as at 31 May 2023 is 9,994,829, this shows an increase of 26,441 for the Month of May 2023 compared to the 9,968,388 as at 30 April 2023.

The 26,441 Retirement Savings Accounts (RSA) registrations for the month of May 2023 is higher than the 22,851 RSA registrations for April 2023 but slightly lower than the average monthly RSA registrations for the past twelve (12) months, which is 26,799.

PenCom only released the total number of RSA Registration as at 31 May 2023 in its monthly report for May 2023, without any breakdown. 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, on monthly basis.

PenCom however releases RSA registrations per PFA and RSA Registration Age and Gender breakdown, on quarterly basis. You can check out the latest reports available in the links below
RSA registrations per PFA
RSA Registration Age and Gender Breakdown

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