Access Pensions Unveils Personalised Financial Planning Services for RSA Holders

Access Pensions has harped on the need to start planning for retirement at an early age as it said it would be offering its customers personalised financial planning to ensure its customer transition to a comfortable retirement.

The managing director of Access Pensions, Dave Uduanu disclosed that the financial future of its customers is a priority, and with its in-house expertise, its customers can get this additional service.

Uduanu unveiled this over the weekend at ‘An Evening with Access Pensions,’ an interactive session with some of its high-net-worth individual clients in Abuja.

Uduanu said: “many individuals enter retirement without proper preparation. It is crucial to start planning for retirement as early as possible, ideally beginning to consider post-retirement plans around the age of 40. Neglecting to assess your cash flow, lifestyle, and expected post-retirement expenses can lead to challenges in sustaining yourself during retirement.

“When discussing retirement and pension, it is essential to address three critical concerns before retiring: housing, children’s education, and healthcare. While healthcare falls outside the purview of our industry, it remains a crucial aspect to consider in retirement planning.”

He stressed that this personalised financial service is to ensure that your retirement funds serve their intended purpose, as your pension, and are not depleted by rent, school fees, or healthcare expenses.

He hinted that housing needs can be addressed through their RSA Mortgage equity support, while comprehensive financial planning tackles education concerns.

However, other partners of Access Pensions at the event were able to showcase complimentary services that can boost the financial well-being of the clients.

As part of the Access Corporation ecosystem, clients can access a diverse range of services. Partnership with other institutions such as Coronation Insurance and Coronation Trustees extends beyond pensions, encompassing their overall financial well-being. Access Pensions also offers its customers, wealth advisory and financial planning as part of its value-added services.

The regional head of Corporate Team, Access Pensions, Uchenna Edeh identified three distinct stages of retirement, each with its own characteristics, noting that the initial stage is characterised by ample resources, followed by a stage where resources begin to deplete, leaving the retiree reliant on retirement funds.

Lastly, he said, in the last stage, expenses tend to increase significantly, often driven by healthcare expenditures.

Edeh highlighted the significance of financial planning across all these retirement stages.

According to him,  “recognising the importance of proactive financial management is crucial to ensure a secure and comfortable retirement throughout each phase. At Access Pensions, we can offer our customers at no cost financial planning to help ensure that at retirement customers’ lives are comfortable. This plan is tailored to suit customers’ income and expectations of retirement and cater to the needs of the various stages of retirement.”

On his part, the Chief Investment officer, Access Pensions, Wale Okunrinboye noted that, Access Pensions investment approach is disciplined, quantitative, and backed by extensive research to ensure get the best value for their pension.

Okunrinboye said: “we adopt a very disciplined and quantitative approach to investment based on very strong research and strategy. We carry out top-down research on every security we place monies in. In addition, our robust investment management program is distinguished by its unwavering commitment to risk management and compliance in every aspect of our operations.”