BEIGE launches retirement planning campaign

BEIGE Pensions Trust, a subsidiary of the BEIGE Group has launched a nationwide retirement planning campaign to encourage people to save towards their retirement.

The one-year campaign which started on Thursday is under the  theme, ‘Everyday Pensions … a Cedi today, a Million tomorrow.’

The objective of the programme is to educate the entire citizenry across the country on the need to plan towards their retirement, to enjoy retirement income security.

Speaking at the launch in Accra on Thursday, the Managing Director of BEIGE Pensions Trust, Richmond Kwame Frimpong said the campaign was to sensitise both formal and informal sector workers to cultivate the habit of saving a portion of their income towards their retirement income security.

“BEIGE Pensions Trust envigaes to reach about two million people through the campaign and register same on the the company’s retirement investment products,” he said.

Mr. Frimpong said the campaign would be taken to corporate offices, social clubs, market centres, companies across the country.

He said all the major languages would be used in the compaign to help every individual to understand the retirement education message being preached by BEIGE Pensions Trust.

Mr Amartey-Vondee lauded BEIGE Pensions Trust for the campaign aimed at enrolling people on the national pension schemes.

He said the value of private pension as of December last year was over GHȻ8 billion.

According to him, it was very important for people to invest towards their retirement in order not to become a burden on their family or society, saying more than 85 per cent of pensioners earn below GhȻ500 a month.

Prof Stephen Adei, Chairman Beige Group for his part said it was easy for individuals to save towards their future if they consistently put aside a portion of their income.

He said pension savings could be a source of long term capital for government and private sector, saying the countries which had witnessed massive development did so on the back of pension funds.

By Times Reporter


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