The Small and Medium Enterprises (SMEs) sector is largely regarded as the driving force behind the country’s formal and informal sectors’ economic growth since they serve as sources of innovation, creating numerous jobs and employment to people with requisite skills in order to generate revenue for growth.

The Pension Reform Act 2014 requires any employer with three or more employees to comply with the act by ensuring its employees open RSAs with remittances made monthly into them.

This will ensure that small business employees work to drive growth and profitability of their companies, with their well being at retirement well taken care of through secure pension savings and investments as stipulated by the Act. It is therefore essential and necessary for all business owners to do the needful by registering with a recognized PFA such as Legacy Pension Managers Ltd.

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