Only 18% of Ghanaians confident about retirement – Old Mutual Financial Services Monitor

Only 18% of Ghanaians confident about retirement – the Old Mutual Financial Services Monitor

Today’s focus is on retirement savings and the attitude of the working Ghanaian towards it.

The monitor reveals a high correlation between adult dependency and retirement savings.

According to the Monitor, retirement savings ranks 8th among savings goals.

This clearly indicates that retirement savings is not a priority for the working class.

Another innovative initiative is the launch of the industry’s first Retirement Salary product also known as the Annuity product, which is designed to provide financial security to Old Mutual customers aged 50 and above.

In Ghana, the company is currently made up of Old Mutual Life Assurance Company Limited and Old Mutual Pensions Trust, offering a diverse portfolio of financial solutions, including Savings plans, Group life benefits, Funeral plans, Travel insurance and Pensions schemes.