#retirementqueennigeria
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retirementqueen · 2 months ago
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Learn how to build multiple income streams for a Rich and Peaceful Retirement
Go To
https://bibiapampa.info/sustainable-retirement-wealth/
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retirementqueen · 8 months ago
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Retirement Planning in Nigeria – Frequently Asked Questions (FAQs)
Retirement Planning in Nigeria – Frequently Asked Questions (FAQs)
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What is a Pension in Nigeria?
A pension refers to a regular income stream received by an individual upon retirement, typically triggered by reaching a certain age or due to health conditions that prevent further employment. Its purpose is to provide financial support during old age.
What is a Retirement Savings Account (RSA)?
A Retirement Savings Account (RSA) serves as a designated account established by an employee or contributor with their chosen Pension Fund Administrator (PFA). It serves as the repository for all pension contributions and investment returns. Under the contributory pension scheme (CPS), every contributor is mandated to open an RSA where their funds and returns are accumulated.
Is it possible to make withdrawals from a Retirement Savings Account (RSA) at any time?
Withdrawals from a Retirement Savings Account (RSA) are restricted, only permissible upon retirement, temporary job loss, or other circumstances subject to approval by the National Pension Commission (PenCom). PFAs are responsible for investing the funds in approved investment channels, with generated income credited to the RSA.
Who is a Pension Fund Administrator (PFA)?
A Pension Fund Administrator (PFA) is an entity licensed by the National Pension Commission, entrusted with managing and administering pension funds accumulated in RSAs on behalf of contributors.
Who is a Pension Fund Custodian (PFC)?
A Pension Fund Custodian (PFC) is a licensed institution authorized by the National Pension Commission to hold and safeguard pension funds and assets within the RSA, acting in trust for the employee on behalf of the PFA. The PFC handles contributions from employers, executes investment transactions, disburses benefits, and performs administrative duties.
What is the difference between PFAs and PFCs?
While PFAs oversee and invest pension funds, PFCS safeguard these funds and assets and carry out transactions on behalf of the PFAs. PFAs are primarily responsible for fund management, while PFCs focus on safekeeping and executing transactions under the PFA’s direction.
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retirementqueen · 8 months ago
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THE SUSTAINABLE RETIREMENT WEALTH WORKSHOP is a fast track course to help you Build Wealth for retirement on Nigeria
Fir more information Go towww.MyRetirementWealth.com
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retirementqueen · 8 months ago
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Learn How To Build 8 Income Streams at https://www.8incomeStreams.co
Follow @retirementqueen1
https://www.8incomeStreams.co
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retirementqueen · 3 years ago
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Meet The Retirement Queen - Bibi Apampa
Bibi Apampa (The Retirement Queen) will coach you and help you build a peaceful, rich, healthy and achievable Retirement Strategy, Build & Grow Wealth, Become A Serial Entrepreneur & Create Multiple Streams of Income For A Stress Free Retirement
For financial freedom and peace of mind in Retirement, l can help you build and incorporate into your lifestyle
1.         One stream of income to cover your monthly cost of living
2.         One stream of income to continually re-invest and build wealth
3.         One stream of income to make your life more interesting and have fun
4.         One hobby to keep your brain alert while staying healthy
5.         Something to do, people to love who will care for you and a project to keep you relevant while making a difference in lives
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