Access Pensions has urged young persons to take proactive steps towards financial security by planning for early retirement.
The Punch reported that the company underlined in a statement that it will continue to leverage its internal knowledge to let clients easily access 25% of their retirement savings accounts for mortgage finance.
During a webinar with the title “Navigating Your Financial Future: Demystifying Pensions, Investments, and Benefits,” the PFA made this statement.
The vice president of business development for Access Pensions in Lagos, Adaora Ude, urged young people, especially those between the ages of 21 and 24, to not undervalue the importance of early retirement planning.
“Young people between the ages of 21 and 24 probably believe that they are too young to have a pension plan. The fact is that time is a crucial component and must be used wisely.
“To be able to launch yourself into a successful retirement, you need the benefit of time and the strength of compounding. By doing so, you can mould your future as you like,” said Ude.
Access Pensions’ chief investment officer, Wale Okunrinboye, went into depth on the investment side of pensions and explained the various fund options available to suit different risk appetites, including ethical funds. He highlighted Access Pensions’ dedication to providing its clients with solid returns over the long term.
“Our philosophy is long-term because pension funds are long-term by their very nature,” he said.
“Therefore, we always consider sustainability and make sure that we put our attention on systems that produce significant returns for our clients. Our overall objective is to deliver steady and favourable returns.”
The Business Manager, Private Clients and Products at Access Pensions, Yetunde Olumuyiwa, described the procedure and requirements for obtaining 25% equity for mortgages.
Olumuyiwa stated, “We can walk you through the entire process from the beginning and make sure you have a seamless experience when accessing your 25% till you have the keys to your property.”
Zainab Bello, Access Pensions’ Head of Benefits Administration, spoke about the method for obtaining pension benefits and provided information on the retirement calculator as a valuable tool for planning retirement finances, and emphasised the significance of effective financial planning for a secure retirement.
