UAP Old Mutual And NSSF Uganda Host Financial Education Event To Empower Retirement Planning
In a collaborative effort between UAP Old Mutual and the National Social Security Fund (NSSF) Uganda, an insightful financial education engagement was held at the Kampala Sheraton Hotel. Themed “Prosper in Retirement and Beyond,” the event targeted customers nearing eligibility for midterm and age benefits, as well as those approaching retirement age.
The engagement centered on promoting financial literacy and encouraging investment in insurance and effective asset management strategies essential for long-term financial security, particularly post-retirement. UAP Old Mutual, renowned as an integrated financial services provider offering a spectrum of services including general and medical insurance, life assurance, and asset management, presented a wide range of products such as travel insurance, motor comprehensive insurance, unit trusts, and the Somesa education policy, among others.
The event commenced with an inspiring keynote address delivered by Robert Kabushenga, Board Director of Old Mutual Life Assurance. Kabushenga emphasized the increasing relevance of retirement planning, particularly among individuals aged 45 to 55, citing the 2020 Financial Capability Survey by the Bank of Uganda. He underscored the importance of prudent financial planning and wealth management for individuals with retirement benefits, emphasizing that financial security and knowledge are intertwined and can pave the way for a prosperous future.
Following the keynote address, an engaging panel discussion featuring industry experts from the insurance and financial sectors was held. The panelists included James Maguru, General Manager of UAP Old Mutual Insurance; Gerald Kasato, Acting Deputy Managing Director of NSSF Uganda; and Robert Kabushenga, Board Member of UAP Old Mutual. The discussion was moderated by Crystal Newman, a prominent media personality.
Maguru highlighted the pivotal role of insurance in ensuring financial security, emphasizing its ability to act as a safety net during unforeseen circumstances and provide financial support to mitigate risks. Kasato stressed the importance of prudent investment decisions for maximizing returns and ensuring long-term financial stability, emphasizing the need for diversification and professional advice. He also emphasized the role of education in financial empowerment.
UAP Old Mutual Insurance, committed to empowering individuals and businesses with comprehensive financial solutions, collaborates with NSSF Uganda to enhance financial well-being through nationwide financial education initiatives. The partners plan to conduct additional training sessions across various regions to promote financial literacy and inclusion in Uganda, solidifying their commitment to empowering individuals to take control of their financial futures.
