Old Mutual Namibia recently launched a new retirement savings product that caters to employees closer to retirement who want to ensure that their assets grow appropriately, while protecting it against adverse market conditions.
The Core Growth Portfolio was designed to give employers peace of mind knowing that they have done their best to secure retirement savings for their employees, Old Mutual Corporate Segment Executive, Patricia Olivier, in a media statement on Friday said.
The product is offered by their Corporate Segment which was established 24 years ago and has been a partner to many businesses and employers by providing solutions to their employees in times of death, disability and retirement, she said.
“Core Growth Portfolio is a long-term investment portfolio, which aims to provide steady growth together with valuable guarantees on capital and bonuses,” she added.
Olivier noted that although the product is designed to meet the needs of more conservative investors, the underlying asset portfolio has moderate exposure to growth assets of approximately 60 per cent.
“This option offers smooth investment returns and lower investment and capital charges,” she said.
Old Mutual Namibia Group Chief Executive Officer, Tassius Chigariro was quoted in the statement as saying that the product was designed with their customers in mind, expressing that his desire is to always put the interest of their customers ahead of the organisation.
“Doing this is good for the sustainability of the company. We must be prepared to deliver excellent products and excellent services to all our customers, corporate individuals, big or small,” he said.
Chigariro said at Old Mutual they continuously improve their partnership with their clients, which has driven them to be launching different products.
“The Core Growth is designed for your retirement savings. It is a portfolio that has a good combination of investment growth and protection,” he concluded.