Old Mutual launches core growth portfolio
By Business Reporter
OLD Mutual has introduced its Core Growth Portfolio proposition – a new retirement savings product, offered by its corporate segment. The launch was hosted virtually last week from Windhoek and streamed live to invited companies, countrywide.
According to Patricia Olivier, Old Mutual corporate segment executive, the latest addition of the product range aims to cater to employees closer to retirement who want to ensure that their assets grow appropriately, while protecting it against adverse market conditions.
This will in turn give employers peace of mind knowing that they have done their best to secure retirement savings for their employees.
Core Growth Portfolio is a long-term investment portfolio, which aims to provide steady growth together with valuable guarantees on capital and bonuses – designed to meet the needs of more conservative investors.
The underlying asset portfolio has moderate exposure to growth assets of approximately 60 percent. This option offers smooth investment returns and lower investment and capital charges.
Tassius Chigariro, Group CEO, Old Mutual Namibia, expressed his enthusiasm over this new proposition, saying, “This product was designed with our customers in mind and my desire is always to put the interests of our customers ahead of those of the organisation. Doing this is good for the sustainability of the company. We must be prepared to deliver excellent products and excellent service to all our customers, corporates or individuals, big or small.”
He further stated that, “At Old Mutual, we desire to continuously improve our partnership with our clients, which has driven us to be launching this product today. That is the reason why Old Mutual is the giant that it is today, thanks to our customers continuous support.
“The Core Growth is designed for your retirement savings. We see ourselves as the best financial services company where you can meet all your needs including building your wealth. The Core Growth is a portfolio that has a good combination of investment growth and protection.”
Established 24 years ago, Old Mutual Corporate Segment has been a partner to many businesses and employers providing solutions to their employees in times of death, disability and retirement, to ensure that they enjoy life beyond their formal work life.