Mon – Fri
8am to 5pm
8am to 5pm
0722 867423
0735 519960
Uniafric House,
4th Floor, Suite No.486
Frequently Asked
Questions
Want to find out more about our products?
Get started below.
Products - Personal Retirement Plans
What is the difference between a Provident Fund and a Pension Fund?
A Provident Fund pays a lump sum upon at retirement while under a Pension Fund a member has an option of being paid a lump sum and a monthly income at retirement.
1.
Products - Personal Retirement Plans
Can I get paid my full benefits as a lump sum in a Pension Fund?
No. You can only get a maximum of ¼ or 1/3 as a lump sum depending on whether your scheme is contributory or a non-contributory.
2.
Products - Personal Retirement Plans
What benefits can I get when I leave employment before I am 50 years old?
Under the Provident Fund and Pension Fund you are entitled to 100% of benefits in the employee’s account and 50% of benefits in the employer’s account.
3.
Products - Personal Retirement Plans
What happens to the balance of 50% in the employer’s account?
You retain it that scheme, or transfer it to your new employer’s scheme or to a Personal Retirement Scheme.
4.
Products - Personal Retirement Plans
Of the above what is the option?
This would be transferring to a Personal Retirement Scheme.
5.
Products - Personal Retirement Plans
How do I set up a Personal Retirement Scheme (PRS)?
We will guide you through this process.
6.
Products - Personal Retirement Plans
Is it compulsory to contribute to a PRS after transferring my locked benefits?
It is not a must that you contribute but it is a good practice in building your retirement fund.
7.
Products - Personal Retirement Plans
Can I access my locked benefits before I attain 50 years?
Yes, but only if you are retiring on medical grounds or leaving the country with no intention of coming back.
8.
Products - Training
Who requires Financial Planning training?
Every adult requires this since financial planning is not a skill we are taught in school.
9.
Products - Training
Why is financial planning important?
It is key to wealth creation and management.
10.
Products - Training
Who qualifies for pre-retirement training?
Everyone with an earning capacity should prepare for retirement. It is never too early to start.
11.
Products - Personal Retirement Plans
What is the value in engaging Apex Pension Limited in my pension matters?
By engaging us you get free independent and reliable advice which could save you huge losses down the line.
12.