Business & Investment

The pension transfer window is open, but not all PFAs are suitable for you

Like a birthday, it reminds us how old we are. It should also remind us how close we are to retirement.

Many young people are actively saving for retirement through referrals or priority choices from pension fund managers (PFA), but if you are one of them, PFA is suitable for you. Are you sure? PENCOM has opened a transfer window so you are free to change the PFA if you feel it is not working well or if it is not suitable for you.

I have the following question: “Is my pension safe? How can I find out which PFA is right for me?” Don’t worry, from this short article and chart http://naijapension.com/ Written to help you.

Read again: PFA sees opportunity to revive micro-pensions to boost growth in 2021

The· list Includes performance of major PFA retirement funds. If your PFA is currently behind this list, don’t worry. You can easily switch to a better PFA and avoid stress later. The transfer window currently open by PENCOM gives you the opportunity to jump the ship. Funds to watch out for are Fund II, the default fund for RSA holders under the age of 49, and Fund III, the default fund for RSA holders over the age of 50. Other funds like Fund IV are retirees only, while Fund 1 is request-based only, but not accessible to retirees or active contributors over the age of 50.

Your tastes may differ, but we want to know what you think about the list.

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The pension transfer window is open, but not all PFAs are suitable for you

https://businessday.ng/sponsored/article/pension-transfer-window-is-open-but-not-all-pfas-are-good-for-you/ The pension transfer window is open, but not all PFAs are suitable for you

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