Axis Pension Trust recently reinforced its dedication to transparency and accountability at its 6th Annual Open Forum, which was held with stakeholders across its ecosystem.
The forum, attended by trustees, scheme members, and custodians, served as a platform for member engagement and in-depth discussions on pension management.
Robert Bennin, Chairman of the Board of Trustees, emphasized that the annual forum provides an opportunity to address retirement investment topics.
Despite challenging economic conditions, he highlighted the strong performance of Axis’s sponsored schemes and encouraged investors to maintain their commitment to sound financial planning and prudent decision-making.
“Our commitment is to provide accessible and convenient avenues for our clients to engage with us, fostering a strong and enduring relationship built on transparency and mutual understanding,” Bennin said.
Afriyie Oware, Chief Executive Officer of Axis Pensions, underscored the growing importance of private pension schemes for the retirement security of Ghanaian workers.
He stressed the need for bold, informed decisions by pension fund trustees to safeguard members’ retirement prospects.
Oware praised the forum as a testament to Axis’s dedication to transparency and member involvement in the pension industry.
He affirmed the company’s ongoing commitment to impactful member engagements, which aim to guide members towards a dignified retirement through informed choices and strategic investments.
Paa Kofi Ankomah, General Manager of Axis Pension, discussed the company’s efforts to enhance transparency.
He explained that while defined contribution schemes provide clear insight into contributions, understanding end benefits requires a thorough walkthrough of the journey from contributions to benefits.
Ankomah noted that in 2022, Axis Pension saw an increase in returns due to foreign currency-denominated investments.
However, 2023 brought challenges, including the need for prudent provisions, though returns rallied in the first half of 2024.
He assured that the company is diversifying its assets away from government bonds, focusing more on listed equities and alternative investments to enhance performance.
The forum reflects Axis Pension Trust’s commitment to improving stakeholder engagement and upholding high standards of transparency and accountability in the pension sector.
