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PenCom issues guidelines on withdrawals from retirement account for mortgage payment

PENCOM

The National Pension Commission (PenCom) has announced guidelines on withdrawals from Retirement Saving Accounts (RSA) for residential mortgage payment. These guidelines are contained in a document issued by the PenCom last week. In the 2014 Pension Reform Act, the commission had made provision for  Retirement Saving Accounts (RSA) holders to access part of their pension contribution for mortgaged financing. “Section ...

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