The Standard | by Sara Okuoro
Octagon Africa held a three-day consultative investment conference with key property industry players and pension industry leaders to combine insights from both regional and global experts on the implementation of the new mortgage regulation.
The conference followed the amendment of section 38 of the Retirement Benefits Act to allow members of retirement benefit schemes to utilize a proportion of their accrued benefits to purchase a residential house.
“This mortgage loan regulation is a good incentive for members to save knowing that as much as they are saving for their long-term objective, retirement, there is an immediate intervention when they want to acquire a house for themselves.
