Stanbic IBTC Pension Managers Advises Workers To Plan For Retirement Early Enough

The Chief Executive of Stanbic IBTC Pension Managers, , Dr. Demola Sogunle  has called on workers who make use of the contributory pension scheme to understand how vital early retirement planning is. He made this call during Stanbic IBTC Pension Managers Limited’s second interactive pre-retirement seminar in Abuja. He opined that making awakening the awareness of people about retirement will encourage companies, firms and their workers to plan for retirement on time.

“People are apprehensive about retirement because they do not plan for it early enough. Ideally, planning for retirement should commence from the day one takes on the first job. It demands setting aside part of the current income into a retirement savings account. Our central mission at Stanbic IBTC Pension is to help Nigerians address their retirement needs,” he said

The chief executive further stated that his firm’s campaign is geared towards making the relationships with customers more concrete and also act as a reminder that they are always available to attend to their needs.

He hoped that the Pension Fund Administrator (PFA) would receive an adequate feedback through the campaign and use it to address the customers’ needs.

He also urged workers to commence plans for their retirement early as it takes years to save up adequate funds for a comfortable life after retirement. He also asked individuals to seek professional advice when making retirement investments.