Bajans urged to plan for retirement
AS THE COUNTRY grapples with a surge in COVID-19 cases, Barbadians are being urged not to put retirement savings on the back burner.
Stephen Robinson, Sagicor Life (Barbados) Inc.’s vice president responsible for pensions, says too many people were still relying mainly on the National Insurance Scheme to fund their golden years, and that a larger number of young people needed to plan for their retirement.
He thinks increased financial education would help and said this needed to be complemented by Government returning the retirement plans tax allowance that was removed about six years ago.
Robinson was speaking yesterday during an online media briefing where he and other Sagicor officials reported on the performance of the company’s mutual funds. (SC)
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