PenCom approves Retirement Savings Account for mortgage purchase
Retirement Savings Account (RSA) holders can now use their savings as contribution for residential mortgages, the National Pension Commission (PenCom) has said. The commission said the approval is in line with Section 89 (2) of the Pension Reform Act 2014 (PRA 2014), which allows RSA holders to use a portion of their RSA balance towards payment of equity for residential …