Update on RSA Transfer System (RTS) 3rd Quarter 2022
National Pension Commission (PenCom) has released its report on Retirement Savings Account (RSA) holders that transferred their RSA from one Pension Fund Administrator (PFA) to another, from inception of the RSA Transfer System to 3rd quarter 2022.
The report shows that 30,973 Retirement Savings Account (RSA) holders initiated RSA transfers from one Pension Fund Administrators (PFAs) to another, in the 3rd quarter of 2022, the RSA holders moved N143,099,050,676.41 between the PFAs, representing a 184.95% increase compared to the previous quarter and the highest quarter over quarter increase since opening of the transfer window in 2020.
PenCom further stated that the total RSA transfers since the launch of the RSA Transfer System on 16 November 2020 is now 109,522 and the RSA holders have moved a grand total of N420,299,220,994.43 between the PFAs.
RSA Transfer per quarter from Inception of RTS to 3rd Quarter 2022 (Table)
| SN | RSA Transfer Quarter | Number of RSAs | Total Value of Pension |
| 1 | TQ4:2020 | 2,799 | 18,898,848,438.79 |
| 2 | TQ1:2021 | 12,681 | 47,778,631,048.65 |
| 3 | TQ2:2021 | 10,166 | 35,886,426,489.02 |
| 4 | TQ3:2021 | 12,872 | 45,563,062,199.40 |
| 5 | TQ4:2021 | 12,874 | 42,493,258,655.54 |
| 6 | TQ1:2022 | 12,336 | 36,361,438,268.09 |
| 7 | TQ2:2022 | 14,821 | 50,218,505,218.53 |
| 8 | TQ3:2022 | 30,973 | 143,099,050,676.41 |
| GRAND TOTAL | 109,522 | 420,299,220,994.43 |
With the opening of the Transfer Window, retirees can now move from one PFA to another but the transfer window is structured in such a way that, even though RSA holders are allowed to submit transfer requests at any time, the actual transfers only happens at the end of every quarter and only transfer requests submitted in the 1st and 2nd month of a quarter are treated at the end of that quarter while transfer requests submitted in the 3rd month of a quarter are treated at the end of the following quarter.
If you are thinking of changing your PFA you should check out
How to change your PFA and What to do afterwards
FAQs on RSA Transfer Window – What You Should Know
Also Check out
Performance of all PFAs in Nigeria for January to October 2025
Performance of all PFAs in Nigeria for Full Year 2024
Performance of all PFAs in Nigeria for Full Year 2023
Performance of all PFAs in Nigeria for Full Year 2022
Performance of all PFAs in Nigeria for Full Year 2021
Performance of all PFAs in Nigeria for Full Year 2020
Performance of all PFAs in Nigeria for Full Year 2019
Performance of all PFAs in Nigeria for Full Year 2018
Six Years Performance for all PFAs in Nigeria (2019-2024)
Do you want to know more about the MultiFund Structure, check out our MultiFund Structure Executive Summary here
PensionNigeria monitors the performance of Fund I, II, III, IV & V, for all PFAs in Nigeria Check them out here
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