Access pensions dedicates desk for RSA mortgage financing

From Abubakar Yunusa ABUJA

Access Pensions has introduced a desk that is dedicated to encouraging their customers to utilise 25 per cent of their Contributory Pension Scheme (CPS) for equity contribution towards residential mortgages.

The pension fund administrator (PFA) unveiled the new desk to its customers and noted that they can seamlessly acquire their dream home, plan retirement, preserve wealth, insurance, and other services.

Speaking on the sidelines at ‘An

Evening with Access Pensions,’ an interactive session with some of its high net-worth individual clients in Lagos at the weekend, the Executive Director, Technical, Mr Afolabi Folayan said:

“Property acquisition through mortgage is a way in which you can actually make your pension work for you, as a lot of people spend a lot of their money on rent and school fees.

“At Access Pensions, we believe that if you own and live in your house upon retirement, the expense you pay out after retirement will be much less. So, we believe this opportunity is a great one and people should tap into it.

“We have made it easy by having a desk dedicated to this product to solve RSA holders’ problems and make the process of approval seamless. The desk links both the property identification and mortgage parts in a seamless way.”

On her part, the Head of Private Clients Access Pensions, Yetunde Olumuyiwa said: “One of the critical things that people should understand about the mortgage product is that it typically means that the clients would draw out from their retirement savings account, and that’s not what a lot of PFA’s want to talk about or want to see happen because it depletes your pool.

“But what Access Pensions tries to do is to look at the big picture because we know if we help our clients from start to finish to own a house their lives would be better off upon retirement.”

Nigerians can now earn US Dollars by acquiring premium domain names, most clients earn about $7,000 to $10,000, all paid in US Dollars. Click here to learn how to start.

The Group Managing Director of RainOil, Gabriel Ogbechie, has advises entrepreneurs on getting funding for their businesses as well as having knowledge of the business that they want to do.

Ogbechie shared these insights at the 2023 edition of The Platform Nigeria, which was held at the Covenant Christian Centre, Iganmu, Lagos.

In his talk titled ‘Succeeding as an Entrepreneur in Nigeria’, he said “People rarely give money to those who don’t have” as he recounted his unsuccessful attempts at raising capital to start Rainoil, and how his diligent investment in stocks