All work­ers need to save for re­tire­ment-Ex­pert

Daily Trust - - BUSINESS - From Sun­day Michael Ogwu, La­gos

The Man­ag­ing Di­rec­tor/ Chief Ex­ec­u­tive, Sigma Pen­sions Lim­ited, Mr. Dave Ud­u­anu, has called for in­creased aware­ness cam­paign on the ben­e­fits of hav­ing a re­tire­ment sav­ings ac­count (RSA), stress­ing that “it does not make fi­nan­cial sense for any­body” not to have one.

He also en­cour­aged its cus­tomer to lead a healthy life­style by keep­ing fit enough to en­joy their re­tire­ment.

He said: “It is only a healthy per­son that can en­joy life after re­tire­ment.”

Speak­ing in Abuja at the com­pany’s maiden edi­tion of ‘Walk to Live’ meant to pre­pare cus­tomers for a healthy re­tire­ment, he said Sigma Pen­sions was also fo­cused on woo­ing cus­tomers from the in­for­mal sec­tor of the econ­omy.

Ad­dress­ing jour­nal­ists on the side­line of the event, he said one of the big­gest chal­lenges in the pen­sion in­dus­try had been the drop in en­roll­ment in RSA.

Ac­cord­ing to him: ”The pen­sion in­dus­try has done well and it’s now N8.4 tril­lion but I think the key chal­lenge is that the en­roll­ment level has dropped.

“So, we need to en­cour­age more Nige­ri­ans to get re­tire­ment sav­ings ac­counts be­cause it does not make fi­nan­cial sense for any­body not to have a re­tire­ment sav­ings ac­count.

“Peo­ple should re­mem­ber that one day they will re­tire. So, now we are go­ing into the in­for­mal sec­tor to bring peo­ple into the for­mal sec­tor and that should lead to a quantum leap in the num­ber of re­tire­ment sav­ings ac­count,” he said.

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.