Accra, 13 July 2020 - The People’s Pension Trust, an award-winning corporate trustee, and AirtelTigo Money (ATM) today launched a new personal pension product called ‘RetireRite, a tier 3 mobile pension and savings product aimed to help Ghanaians lead a lifestyle they want post-retirement.
Through this partnership, both existing and new AirtelTigo customers can subscribe, contribute as low as GHS1, and receive their claims via AirtelTigo Money. To subscribe to the ‘RetireRite’, customers are to dial *110*4# and follow the registration steps. The entire process from opting, payment and to claim has been made simple for customers.
Once a customer register as a member two accounts are opened -- retirement account and savings account. All payments made are divided into two equal parts for each account. In addition, customers can withdraw up to 50 percent from the savings component of their pension account six months after the initial deposit.
Furthermore, a life bonus cover has been embedded in the product to ensure that the beneficiaries of a deceased member receive up to four times the total contributions made by the deceased member during the previous calendar year.
RetireRite is a voluntary pension scheme which provides means for any individual to save towards their retirement with the least amount of GHS1. Also, a customer decides on the frequency of payments into the scheme starting from GHS1.
“We are excited to partner with AirtelTigo Money,” says Saqib Nazir, acting Chief Executive Officer for People’s Pension Trust. “It’s clear that people are looking for innovative digital solutions, especially in this Covid-19 era to do all manner of transactions. With RetireRite, we are meeting this objective by putting the power in their hands to make the right financial decisions for their lives now and in the future.”
He explained that in an event a customer decides to stop contributing to the scheme, the customer can only access the money in their retirement account at 60 years.
“We are proud to partner with the People’s Pension Trust as we aim to further help create financial inclusion, social protection and improving lives of our customers using mobile technology,” says the Chief Executive Officer at AirtelTigo, Murthy Chaganti. He adds: With our secure AirtelTigo Money platform in this market, we believe that the introduction of ‘RetireRite’ will create a more convenient and secure way for customers.”
About People’s Pension Trust:
People’s Pension Trust (PPT) is a licensed Corporate Trustee that provides innovative, flexible, and digitally driven pension services to both individuals and companies in Ghana. The aim is to ensure that some 500,000 Ghanaians can build a retirement income for themselves by 2022.
To learn more about People’s Pension Trust please visit: www.peoplespensiontrust.com
AirtelTigo is a dynamic and innovative brand providing a wide range of telecommunications services including mobile voice, data, mobile financial services, and business connectivity solutions. With the credo of customer first, AirtelTigo constantly innovates to make life simple for its customers. AirtelTigo was launched in November 2017, from a merger between erstwhile Airtel and Tigo. www.airteltigo.com.gh