The Inspenonline Retirement Summit, scheduled to take place in Lagos in May, will delve into the crucial issue of pensioners’ well-being post-retirement. The summit’s theme, “Attaining Good Retirement Amid Economic Headwinds,” reflects the current economic realities and the need for proactive planning to secure a comfortable retirement. The summit is driven by the alarming statistic that approximately 90% of retirees transition into this new phase of life without adequate preparation, often unaware of the challenges and opportunities that lie ahead. This lack of preparedness underlines the urgent need for platforms like the summit to educate and empower individuals to navigate the complexities of retirement planning. The summit aims to provide a forum for discussing and developing strategies to enhance the quality of life for retirees, particularly in the face of economic uncertainties.
A central objective of the summit is to highlight the potential of insurance, pension schemes, and other financial instruments as tools for building a secure retirement. The summit will provide valuable insights into how individuals can effectively utilize these tools to create a sustainable financial foundation for their post-retirement years. By showcasing the benefits and mechanisms of these financial instruments, the summit aims to empower attendees to take control of their financial futures and make informed decisions that contribute to their long-term well-being. The discussions will also explore the various available investment options and retirement savings plans, emphasizing the importance of early planning and consistent contributions.
The summit will also address the existing gap in post-retirement programs and training within the country. Currently, retirees lack access to structured support systems that can guide them through the transition and help them adjust to the changes that retirement brings. The summit organizers recognize this critical need and aim to initiate discussions on developing comprehensive post-retirement programs that offer guidance, resources, and support networks to retirees. Such programs could encompass financial literacy training, healthcare management, lifestyle adjustments, and social engagement opportunities, all tailored to the specific needs of retired individuals.
Furthermore, the Inspenonline Retirement Summit seeks to identify the obstacles that hinder individuals from enjoying a fulfilling retirement. These obstacles can range from financial insecurity and inadequate healthcare access to social isolation and lack of purpose. By identifying and analyzing these challenges, the summit aims to create a roadmap for addressing them effectively. This involves collaborative efforts from various stakeholders, including the government, insurance and pension regulators, practitioners, and individuals themselves. The summit will facilitate dialogue and knowledge sharing among these stakeholders to foster a collective understanding of the issues and develop collaborative solutions.
The summit will feature a distinguished panel of experts and leaders from the insurance and pension sectors, including the former Commissioner for Insurance/Director, FBS Reinsurance Limited, Fola Daniel; Commissioner for Insurance Olusegun Omosehin; Director-General, National Pension Commission, Ms Omolola Olowolaran; the President of the Chartered Insurance Institute of Nigeria, Mrs Yetunde Ilori; Chairman, Nigerian Insurers Association, Mr Kunle Ahmed; Chief Executive Officer, Pension Fund Operators Association of Nigeria, Agudah Oguche; and President Nigerian Council of Registered Insurance Brokers, Babatunde Oguntade. Their expertise and insights will enrich the discussions and provide valuable perspectives on the challenges and opportunities in retirement planning.
The Inspenonline Retirement Summit promises to be a significant event in addressing the critical issue of retirement planning and well-being in Nigeria. By bringing together key stakeholders and fostering open dialogue, the summit seeks to pave the way for a more secure and fulfilling retirement experience for all citizens. The outcomes of the summit are expected to inform policy recommendations, program development, and individual actions that contribute to a brighter future for retirees. This collective effort will help ensure that individuals can transition into retirement with confidence and enjoy the fruits of their labor in a supportive and enabling environment.
