Petra Pension Schemes record returns of up to 15.63%

The Petra Master Trust reported that its pension schemes delivered exceptional returns of up to 15.63% in recent years, surpassing inflation and safeguarding the purchasing power of contributors. Yvonne Buliga, Head of Portfolio Management and Operations, announced that the Petra Opportunity Pension Scheme achieved a remarkable 15.63%, while the Petra Advantage Pension Scheme garnered 15.27%. The Savings Booster Scheme returned 11.73%, outperforming the 5.4% inflation rate highlighted at the event.

Buliga emphasized that these schemes not only grew the members' funds but also preserved their purchasing power, ensuring a comfortable retirement. The Petra Advantage Pension Scheme's net asset value surged to nearly GH¢4 billion, following a GH¢800 million growth, while the Petra Opportunity Pension Scheme expanded by approximately GH¢544 million to reach GH¢2.64 billion.

Transparency was underscored as a cornerstone of fund management, with members able to monitor daily investment returns and asset allocation via Petra's online portal. Buliga reiterated that the funds belonged to the scheme members, not the management.

Seth Koomson, Head of Retail Business, encouraged workers to take personal responsibility for their retirement planning, going beyond mandatory pension contributions. He urged individuals to make informed financial decisions throughout their careers, as comfortable retirement relied on these personal endeavors. Petra was offering supplementary investment avenues, such as homeownership options, and free financial consultations to help members identify areas for improvement in their financial plans.

He highlighted that nearly 80 scheme members had secured homes over the past two years through Petra's support. Koomson stressed the importance of workers taking intentional steps to secure their financial future, rather than solely relying on employers or government pension schemes like SSNIT. Petra reiterated its commitment to strong investment returns and transparent fund management as vital in protecting contributors' retirement savings, urging workers to explore additional investments to build financial security and attain a more comfortable retirement.