Investing towards the long term and retirement can seem daunting for most Nigerians.
However, a member of FCMB Group Plc, FCMB Asset Management
Limited appears to have insights into ways to simplify the journey towards a
comfortable retirement.
FCMB Asset Management Limited’s recent webinar, “Smart
Retirement – Investing Ahead”, educated and provided attendees with actionable
strategies for taking charge of their financial future by leveraging the power
of compounding and the accessibility of investing, debunking the myth that
significant capital is required to begin the investment journey.
Tinuola Odufuye, Head of Business Development at FCMB Asset Management, moderated the insightful webinar. She set the stage for a very educative discussion with a panel of financial subject-matter experts drawn from the FCMB Group’s supportive ecosystem that connects people, capital and markets.
Also, Nduka Offiah, Head of Alternative Assets at FCMB Asset Management, shared insights on the potential investment portfolio benefits of the Alternative Assets class and offered strategies to diversify portfolios and navigate challenging market conditions. Abiola Ajayi, Head of UHNI & HNI Unit at FCMB Asset Management, spoke on investment solutions tailored to both Ultra-High Net-worth Individuals and High Networth Individuals, emphasising personalised wealth management and legacy planning.
Leveraging her in-depth
knowledge of trusts and estate planning, Oluwayemisi Arowolo, who heads Trust
Services at another subsidiary of FCMB Group Plc, FCMB Trustees Limited,
clarified the legal structures essential for protecting and transferring assets
effectively. At the same time, Richard Ade-Martins, Head of Business
Development South at FCMB Pensions Limited, which is another member of FCMB
Group Plc, spoke on pensions, highlighting FCMB Pensions’ commitment to best
practices.
This impressive lineup of professionals ensured a
multifaceted and informative exploration of the strategies and options
available for building a secure financial future.
Here is a recap of the key takeaways from the thoroughly
enjoyable session:
Start Early: It is important to start investment early.
Starting early provides a longer runway for your money to grow and compound,
potentially leading to a larger nest egg.
Investing is for Everyone: The panel debunked the myth that
significant capital is required to invest. The panelists encouraged attendees
to begin their investment journey with as little as N1,000 in Mutual Funds
offered by FCMB Asset Management Limited, making financial security accessible
to all Nigerians.
Estate Planning: Apart from wealth preservation, Wills and
Trusts provide a clear plan that ensures a smooth transition for beneficiaries.
It fosters communication and reduces the risk of conflict.
Unlocking Your RSA: The webinar explored the benefits of the
RSA Mortgage option offered by FCMB Pensions Limited. This option allows
individuals to access a portion of their Retirement Savings Account (RSA) to
secure a home purchase, facilitating wealth creation beyond retirement savings.
Financial Inclusion for Business Owners: FCMB Pensions’
micro-pension plans cater to business owners with up to three employees,
promoting financial inclusion within the informal sector. The flexibility of
withdrawing up to 40% of contributions acknowledges the unique needs of
business owners who may require access to funds for operational purposes.
Combating Inflation: Alternative Assets investments and
currency hedging options were discussed as tools to preserve wealth and
purchasing power.
Investing for Young Minds: Valuable advice was offered to
students interested in starting their investment journey early to maximise the
benefits of compound interest.
Retirement savings remittance from overseas: The webinar
clarified the possibility for Nigerians working abroad to set up
Naira-denominated pension plans with FCMB Pensions Limited, subject to their
employer’s remittance policies.
Staying Ahead of the Curve: The expert panel highlighted the
importance of staying informed on current investment strategies to ensure that
your financial roadmap adapts to changing circumstances and economic realities,
to build a sustainable financial future.
You can reach out to the organisers of the webinar at FCMB Asset Management
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