Married partners, who have Retirement Savings Accounts with Pension Fund Administrators, will be allowed to use their savings to apply for joint mortgage loans under the Contributory Pension Scheme.

According to a report obtained by newsmen from the National Pension Commission titled: ‘Accessing RSA via residential mortgage option’, the spouses must meet laid down requirements, and will start accessing the loans when the commission commences the implementation of the new guideline.

The commission stated in the report, “Spouses,...

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The idea behind a pension plan is to provide people with an income during retirement, when they are no longer earning a steady income from employment. Only an estimated 7.5% of Africa’s working population currently contribute to a pension. Despite this relatively low penetration, there is reason to believe that the continent’s pension fund industry is set for a boom.
 
Dave Uduanu, chairman of the Pension Fund Operators Association of Nigeria, says that the industry only has about 1% of its portfolio allocated to private equity.
It is predicted that tag heuer aquaracer replica within three decades, Africa will have a larger working age population than China. According to Diana Noble, CEO of CDC – the UK’s development...
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