‘Financial education key to ending retirement poverty’

Peoples Pension Trust Ghana Limited has set an ambitious target to at least 500,000 Ghanaians in the informal sector with easy and secured channels of saving towards their retirement within the next five years.

The company in a statement to mark this year’s Pension Awareness Day which fall on today said it would achieve its target through the rolling out of innovative educational campaigns and products to attract them.

The day is being observed under theme, “Making the nation aware of pensions”, and call on the pension industry to embrace this challenge and make it a reality.”

 The company reiterated the need for intensive financial education as a way to end pension poverty, especially among the informal sector working population.

“Thankfully, the National Pensions Act 2008 (Act 766) has made financial inclusion for all Ghanaians possible,” it said.

It said, “People’s Pension Trust is joining other countries to observe this day because we cannot stand by and look on for the over ten million Ghanaians who work in the informal sector to walk into pension poverty.”

The company commended the National Pensions Regulatory Authority for its efforts so far and urged it to keep its doors open so together we can promote the importance of saving towards the future.

By Times Reporter

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