Pension

Stakeholders enumerate how to secure the future

From left: Principal Partner, Peninscope Professional Warranty Limited, Peter Adediji and Executive of Lagos State Ministry of Information and Strategy, Odumade Mobolaji at the event.

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Chuks Udo Okonta

Stakeholders at the 2019 Peninscope Public Lecture & Awards have enumerated how and why the future should be secured.

According to them, the present situation of the nation calls for urgent action, in planning for the future.

The Principal Partner Peninscope Professional Warranty Limited, Peter Adedeji, stated that the event with the theme: ‘Securing the Future in the Present: How & Why?’, was organised to provide opportunity for professionals and other stakeholders in Pension and Insurance subsector to rob minds and share experiences on moving the industries forward.

“The topic for this year’s episode is “Securing the Future In the Present: How and Why?” This goes into the fundamentals of instituting the subject. The present is the basis for the future. How you plan your future in today’s dynamic world would determine what you get or become in the future when it eventually comes,” he added.

The Chairman of the event, Group Managing Director/CEO Regency Alliance Insurance Plc., Biyi Otegbeye, implored participates and the public to leverage all good investment portfolios to secure their future, stressing that those who envisage better retirement should begin to plan it now.

From left: Executive of Lagos State Ministry of Information and Strategy, Odumade Mobolaji; Managing Director, UBA Pension Custodian Limited, Bayo Yusuf and Group Managing Director/CEO, Regency Alliance Insurance Plc, Biyi Otegbeye at the event.

The Managing Director/CEO of UBA Pension Custodians Limited, Bayo Yusuf, who was the Lead Speaker at the event, posited that three major things are required in securing the future. According to him, they include, God, relationship and good health.

He canvassed the need to save, stressing that saving should be encouraged when one is economically engaged. According to him, people should cultivate the habit of paying themselves from their earnings.

He implore the public to embrace the contributory pension scheme and those in the informal sector, should join micro pension plan as both platforms were designed to carter for the time people may not have the power to work.

Yusuf, also canvassed the need for life and health insurance, according him, both portfolios help in ensuring better life at old age.

He also called for investment in bonds, real estate, properties, stressing that the future should be properly planned as it remains the best time to live in.

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