The Managing Director, Norrenberger Pensions Limited, Hamisu Idris, has said the Group is empowering workers and retirees with the knowledge to give them comfort in retirement.

A statement said he spoke when the Group hosted a retirement planning event in Abuja, targeted at empowering individuals nearing retirement, and retirees for a financially-secured future post-retirement.

“In line with our mission to unlock opportunities in the society, we established this event to embolden individuals with the necessary knowledge to maximise the profitability of their pension savings and ultimately secure a comfortable retirement,” he said.

He noted that 80 per cent of Nigerian retirees depended solely on their monthly pension for survival, while many lived in constant fear of financial crisis based on delayed payments.

This, he noted, highlighted the crucial role pension played in their livelihoods.

“Moreso, only 10 per cent of the Nigerian population has access to pension schemes,” he said.

The event, specifically designed for individuals aged 50 years and above, provided valuable insights and practical strategies for a secure retirement.

It featured financial literacy session covering segments such as financial planning, insurance, lifestyle adjustment, legal and estate planning.

Attendees had the opportunity to engage Norrenberger’s experts on various themes in retirement planning, and also explored other areas with respect to the profitability of their pension savings.

The Business Head, Asset Management, Abigail Utomi, emphasised the essence of the initiative and its multiple benefits to the attendees and the wider society.

She stressed the critical role events of this nature played in piloting financial literacy and security for senior citizens in Nigeria and positively impacting the country’s capital market and economy.

She said, “We continue to seek ways to deepen the market, grow our reach and expand our contribution to Nigeria’s GDP.

“At Norrenberger, we are passionate about guiding individuals throughout their journey to financial freedom, even after they transition from the workforce.

“Our vision remains to simplify wealth creation, creating practical and easily accessible products and services to achieve this, and we are confident in our ability to deliver on our promise.”

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