The Chief Executive Officer of Axis Pension Trust, Afriyie Oware, has advised workers to consciously plan their retirement to avoid being overtaken by events after they had stopped active work.
Among other things, Mr. Oware said people must make it a conscious effort to put money aside towards their retirement as well as decide what to do when they retired.
He said an active saving culture was necessary to spare one from retirement poverty, which often led to financial constraints and untimely death after retirement.
He added that the saving habit must be cultivated and nurtured by all, be it those in formal employment or informal employment as retirement and incapacitation from work was not limited to only one group of workers.
The financial sector expert was speaking at the Axis Pension Trust’s Annual Pre-Retirement Seminar held on September 17.
The annual event aims at educating pensioners and workers on retirement.
Axis Pension said the event was inspired by the mission of the organisation to empower the Ghanaian worker to retire with dignity.
This year’s event brought together experienced and well-resourced experts to discuss various topics related to retirement needs, including health in retirement, what to expect at retirement, accessing benefits from the various schemes and how to make retirement income last longer.
The CEO observed that as income inequality widened in society and graduate unemployment increases, the Ghanaian retiree bore a greater burden in sustaining families.
This, he said underscored the objective of Axis to empower each client with adequate knowledge and resources to retire well in a way that distinguished them from those who did not benefit from the company’s products.
“The Axis Retirement Annuity Plan, which is a programmed withdrawal arrangement, provides a robust solution to help retirees prudently manage their retirement savings to last you longer,” he said, adding that the company was known for offering superior value and peace of mind to clients.
The Axis Pension Trust was the first in the country to offer free embedded life insurance cover to its Master Trust and personal pension schemes.
This, he said added an additional layer of cushioning for scheme members and their beneficiaries.
The Head of the Financial Planning unit at Axis, Mrs. Mimi Anane-Appiah, emphasized the need for retirees to utilize a solution such as the Axis Retirement Annuity Plan to create an additional stream of regular income, manage the shortfalls in retirement income and ensure steady growth of initial lump sum amount.
The virtual seminar attracted about 900 attendants and concluded on a high note, as participants were confident of their retirement prospects after they were assured of the company’s continued support.
Axis Pension Trust is a leading corporate trustee in Ghana, offering retirement savings solutions and administration services with a core objective to make pension provision painless for employers and assuring for scheme members.
The company offers world-class services to invest and safeguard the retirement savings of workers for a better future.
With its 360 degree digital solutions, multi-share class investment plans, and best-in-class retirement education interventions, members experience supreme accessibility and convenience while planning their retirement.
- Danadams Pharmaceuticals and CEO in court over alleged fraud and forgery
- Disregard statement declaring Friday, Sept 30 as a holiday – Oyibi Divisional Council
- GFA suspends 2022/23 Ghana Premier League over court injunction
- Man arrested for threatening to release nude videos of late brother’s wife
- ‘I’m extremely regretful’ – KiDi apologises for ‘inappropriate and unkind’ old tweets
- T Bills, short-term securities will not be affected by Ghana’s debt restructuring – US-based Associate Professor
- Land acquisition: Here is what you missed on Joy FM’s Super Morning Show
- Every single day Akufo-Addo remains President, the country drifts into peril – Dr Amoako Baah
- Pastor jailed for life after planning coup and black genocide
- We will still be a prime supplier of Mercedes-Benz services in Ghana – Silver Star
- Today’s front pages: Friday, September 30, 2022
- West African leaders in Mali over detained Ivorians
- NCA, AG dragged to court over directives on SIM re-registration
- Adidas row: Morocco demands change to Algerian jersey design
- Linguistics Association of Ghana explores ways to make language socially relevant
- Ghana’s export to Burkina Faso increased to $276million in 2021
- Book containing late Prof Mills’ SONA christened “Atta Mills Speaks” launched
- Trevor Noah is leaving ‘The Daily Show’
- Banking sector crisis was not systemic – Alhassan Andani
- Banking Sector Clean-up: We should have allowed institutional disciplines to work – Alhassan Andani
- Banking sector crisis: State institutions must raise red flags at the right time – Alhassan Andani
- GRASAG rolls out Graduate Research Trust Fund
- British Airways flight A380 makes technical stop at KIA
- Ghana, Korea $8 million rice project kicks off in Assin North
- SIM re-registration: National Security has warned Akufo-Addo against blockage – Deputy Minority Chief Whip