Access Pensions has introduced a desk that is dedicated to a specific service, with the aim of encouraging its customers to utilise 25 per cent of its Contributory Pension Scheme (CPS) for equity contribution towards residential mortgages
The PFA noted that with the array of financial services in its Access Corporation ecosystem, customers can seamlessly acquire their dream home, plan retirements, preserve wealth, insurance, and other services.
Speaking on the sideline at ‘An Evening with Access Pensions,’ an interactive session with some of its high net-worth individual clients in Lagos over the weekend, the Executive Director, Technical Afolabi Folayan, said: “Property acquisition through mortgage is a way in which you can actually make your pension work for you, as 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.”
Also speaking, the Regional Head of Corporate Team, Access Pensions, Uchenna Edeh, said: “We operate within an ecosystem, which is the Access corporation, which has a bank and, you know, from our bank, we have been licensed also by PENCOM to give out these mortgage loans.
So, what it means is that if you’re a client of Access Pensions, we can introduce you to Access Bank and they are able to sit with you and also negotiate and give you a competitive rate that you probably may not be able to get out there in the market. So that is what you stand to gain with us.”
On her part, Head Private Clients Access Pensions, Yetunde Olumuyiwa noted that Access Pensions in promoting this product is they understand that it would deplete the funds under management but Access Pensions is more concerned on products that are of great value to its clients.
