while PenCom approves N10.5b mortgage for pension account holders.
The economy’s tough times have led to 14,179 Retirement Savings Account holders who lost their jobs this year withdrawing 25% of their pension savings in H1’24 to support themselves and their families. It’s a challenging situation for many individuals facing financial strains due to job losses.
The PenCom report for Q2’24 indicates that RSA holders withdrew N23.4 billion during the period. Additionally, the report mentions that 4,376 death benefit requests were approved, totaling N29,318.98 million for the beneficiaries, as stated in the report.The PenCom report for Q2’24 indicates that RSA holders withdrew N23.4 billion during the period. Additionally, the report mentions that 4,376 death benefit requests were approved, totaling N29,318.98 million for the beneficiaries, as stated in the report.
The PenCom report for Q2’24 highlights the withdrawals made by RSA holders, with 5,528 account holders withdrawing N9.2 billion during the period. The report also mentions that 1,234 RSA holders were granted approvals totaling N10.5 billion for residential mortgage financing. Additionally, 4,387 beneficiaries applied for death benefits according to the report.
