{"id":464344,"date":"2018-02-14T17:22:28","date_gmt":"2018-02-14T17:22:28","guid":{"rendered":"https:\/\/ghana-mma.com\/2018\/02\/14\/beige-launches-nationwide-campaign-to-educate-informal-and-formal-workers-on-pension\/"},"modified":"2018-02-14T17:22:28","modified_gmt":"2018-02-14T17:22:28","slug":"beige-launches-nationwide-campaign-to-educate-informal-and-formal-workers-on-pension","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2018\/02\/14\/beige-launches-nationwide-campaign-to-educate-informal-and-formal-workers-on-pension\/","title":{"rendered":"BEIGE launches nationwide campaign to educate informal and formal workers on Pension"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Wednesday, 14 February 2018<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>www.ghanaweb.com<\/p>\n<p>2018-02-14<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/63497178.295.jpg\" alt=\"BEIGE Pension Programme\" title=\"BEIGE Pension Programme\" width=\"295\" height=\"197\" \/><span class=\"image_caption\"><span>The program according to BEIGE will highlight the need for financial independence during retirement<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125813973067\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125813973067\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/1518628948_801_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\"> BEIGE, a Financial Services Provider has launched a tier-3 personal pension scheme targeted at ensuring financial independence for subscribers during retirement.<\/p>\n<p>The \u2018EveryDayPension\u2019 retirement plan allows subscribers to save at least GH?50 a month to enable them to secure comfortable financial future.<\/p>\n<p>Speaking at a forum Thursday before the launch of the scheme at the Holiday Inn in Accra, Director of Planning, Research, Monitoring and Evaluation at the National Pensions Regulatory Authority (NPRA), Ernest Amartey-Vondee, said due to a lack of proper pensions planning, many Ghanaians receive very meagre pensions during retirement.<\/p>\n<p>Citing recent figures from the Social Security and National Insurant Trust (SSNIT), Mr. Amartey-Vondee revealed that more than half of the total number of people on pensions receive less than GH?500 a month from SSNIT because of poor planning.<\/p>\n<p>He revealed further that as at December 2017, some 189, 549 people are on pensions and out of this number 110, 292 (58.2%) receive less than GH?500.<\/p>\n<p>Again, only 17,365 people on pension currently receive GH?1,000 a month, meaning that 86.25% of Ghanaians receive pensions less than GH? 1,000.<\/p>\n<p>He said the figures show a poor pensions planning culture among Ghanaians.<\/p>\n<p>According to him, because during retirement the expenses of retirees are likely to be higher, there was a need to reverse the trend and ensure that workers in both the formal and informal and informal sector actively work towards a comfortable retirement.<\/p>\n<p>In response to the poor retirement planning among the majority of Ghanaians, BEIGE has begun a nationwide campaign to highlight the need for financial independence during retirement.<\/p>\n<p>The campaign, according to the Managing Director of BEIGE Pensions Trust, Richmond Kwame Frimpong, will target Ghanaians in both the formal and informal sectors.<\/p>\n<p>The BEIGE Group, firmed up its pensions arsenal when it acquired Universal Pensions Master Trust (UPMT), a licensed corporate trustee in 2017 \u2013 bringing to two the number of corporate trustees it acquired.<\/p>\n<p>BEIGE\u2019s first acquisition of a corporate trustee firm was in 2014 and the acquired firm was Legacy Pension Trust (LPT).<\/p>\n<p>The transactions are key steps in BEIGE\u2019s strategy to affirm its status and capacity to serve as a provider of a broad range of financial services.<\/p>\n<p>Board Chair of The BEIGE Bank, Kofi Otutu Adu Labi, also called for consistency in the payment towards pensions plans by persons already subscribed to a scheme.<\/p>\n<p>\u201cThe money that you earn today, however little, is a seed for tomorrow\u2019s harvest,\u201d he advised the delegates at the well-attended forum.<\/p>\n<p>The delegates, drawn from both the formal and informal sectors, are partners of The Beige Group.<\/p>\n<p>Prof Stephen Adei, Board Chair of The BEIGE Group, lauded the launch of the EveryDay Pensions scheme and the nationwide campaign.<\/p>\n<p>As part of the campaign, BEIGE Pensions will visit target locations to offer free advice on pension planning, banking, insurance and investment.<\/p>\n<p>\u201cThe pension scheme is also very good for our country. All the countries that have made it have had a source of stable long-term capital and the pensions funds are the drivers of successful economies,\u201d Prof Adei said.<\/p>\n<p><!-- uploaded by: 71 updated by: 71 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Wednesday, 14 February 2018 Source: www.ghanaweb.com 2018-02-14 The program according to BEIGE will highlight the need for financial independence during retirement BEIGE, a Financial Services Provider has launched a tier-3 personal pension scheme targeted at ensuring financial independence for subscribers during retirement. The \u2018EveryDayPension\u2019 retirement plan allows subscribers to save at least [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":464345,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-464344","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/464344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/comments?post=464344"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/464344\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/media?parent=464344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/categories?post=464344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/tags?post=464344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}