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Induced RSA Transfer: Regulatory Axe Dangles Over PFAs

Summary by Leadership
Any Pension Fund Administrators (PFA) who convinces or induces Retirement Savings Account (RSA) holders or employees to transfer his or her account from one PFA to another will have such erring entities barred from the pension industry transfer window, says the National Pension Commission (PenCom). In a circular titled: PenCom/INSP/SURV/Aut/2025/1013; dated 16 June 2025 and entitled; ‘Illegal and Unethical Practices Regarding Opening of Retireme…
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The RIVM (National Institute for Public Health and the Environment) is investigating the effects of PFAS on the health of people living around the Chemours plant in Dordrecht and the Western Scheldt estuary in Zeeland. The caretaker government commissioned the institute to conduct this study. This health study is expected to be completed by the end of 2027.

·Apeldoorn, Netherlands
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At the beginning of July, the Danish Environmental Agency banned five pesticide active substances to protect its groundwater. 23 pesticides can no longer be sold or used because they are involved in the formation of the PFAS chemical trifluoroacetate (TFA) or split off TFA. Denmark therefore anticipates a possible EU-wide PFAS ban. "We have a duty to intervene when we see that the use of certain pesticides poses a risk to nature and human health…

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Leadership broke the news in Abuja, Nigeria on Monday, July 21, 2025.
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