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Leadway Pensure Urges Nigerians to Leverage Additional Voluntary Contributions for Retirement Security

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By LOVETH AZODO, Lagos
Leadway Pensure has reinforced the importance of Additional Voluntary Contributions (AVC) as a key strategy for securing financial stability in retirement.
The pension fund administrator made this call during a webinar titled “Beyond the Paycheck: Winning Strategies to Boost Your Retirement Savings.”
The session, designed to equip participants with practical financial strategies, featured insights from Peter Mould, Head of Business Development and Partnerships, and Gloria Daniels, Head of Customer Relationship Management at Leadway Pensure.
The experts provided step-by-step guidance on optimizing retirement savings and leveraging AVC to build a stronger financial future.
Mould highlighted AVC as an essential tool for long-term financial security, noting that it allows individuals to contribute additional funds to their Retirement Savings Account (RSA).
“Retirement planning goes beyond setting aside a portion of your paycheck. It requires a structured approach that ensures financial stability and peace of mind in your golden years,” he said.
He emphasized that AVC is accessible to all income levels, making it a viable option for both young professionals and business owners.
Daniels, meanwhile, walked participants through the process of initiating AVC, stressing its flexibility. “You can either increase your monthly contributions or make lump-sum payments. The key is to take the first step and commit to securing a better future for yourself,” she explained.
She also introduced SureCal, Leadway Pensure’s financial planning tool, which helps individuals calculate their retirement savings needs.
The session addressed common concerns, including the fate of AVC when changing jobs or relocating, and the importance of staying informed about regulatory updates from the National Pension Commission (PenCom).
Daniels further encouraged business owners and HR professionals to educate employees on the benefits of AVC, fostering a culture of financial responsibility in the workplace.
The webinar concluded with a call to action for participants to take proactive steps in securing their retirement through informed financial decisions.

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