Access Pensions Encourages Early Retirement Planning

Nume Ekeghe

Access Pensions, a leading pension provider, is urging young adults to take proactive steps toward securing their financial future through early retirement planning. 

The firm is also reaffirming its commitment to enabling clients to seamlessly access 25 per cent of their Retirement Savings Account (RSA) for mortgage financing, leveraging its in-house expertise.

This call to action was the highlight of a recent webinar organised by Access Pensions, titled “Navigating Your Financial Future: Demystifying Pensions, Investments, and Benefits.” During this informative event, key experts shared valuable insights and advice.

The Vice President, Business Development, Lagos at Access Pensions, Adaora Ude encouraged young individuals, particularly those aged 21 to 24, not to underestimate the significance of early retirement planning. She emphasized the advantages of commencing savings at a young age and highlighted the benefits of additional voluntary contributions as a means to achieve financial goals in retirement.

Ude stated, “Young people from ages 21 to 24 probably think that they are too young to have a pension plan. The truth is that – Time is a big factor and must be utilized effectively.  You need that advantage of time and the power of compounding to be able to start you off to a successful retirement. This way, you can shape your future, the way you desire.”

Chief Investment Officer at Access Pensions, Wale Okunrinboye, delved into the investment aspect of pensions, elucidating the diverse fund options available to cater to varying risk appetites, including ethical funds. He emphasized Access Pensions’ commitment to generating strong returns for its clients through a long-term approach.

He said: “Our philosophy is long-term because pension funds by nature are long-term. So, we are always thinking of sustainability and ensuring that we focus on systems that generate strong returns for our clients. Overall, consistent and competitive returns is our goal”

On her part, Business Manager, Private Clients and Products at Access Pensions, Yetunde Olumuyiwa outlined the process and criteria for accessing 25 per cent equity for mortgages.

Head of Benefits Administration at Access Pensions, Zainab Bello, discussed the process of accessing pension benefits, gave insights on the retirement calculator as a valuable tool for planning retirement finances, and emphasised the significance of effective financial planning for a secure retirement.