As part of the efforts to improve the retirement savings culture for women in Nigeria, Shecluded is launching the ‘Shecluded Female Entrepreneur Pension’, through a partnership with Stanbic IBTC Pension Managers, a member of the 150 year-old Standard Bank Group.
The average woman is more likely to be in poverty at age 65 or older, one of the many contributing factors is that women are more likely to take time out of the labor force to raise and cater for their children or provide caretaking duties to a family member. This reduces their earning potential and which in turn affects their saving plans for retirement. Through this pension scheme women will have access to retirement savings plans and will be able to benefit from impactful webinars focusing on savings and investments.
This arrangement will allow both working class women and women entrepreneurs associated with Shecluded to access numerous pension plans on the Stanbic IBTC Pension Managers platform.
CEO/Founder of Shecluded, Ifeoma Uddoh, stated that the objective of the initiative is to empower more women and imbibe the culture of planning and saving early for retirement.
Registration is ongoing to join the scheme, interested women can sign up here.
Established in 2019, Shecluded is a female-focused technology company that provides financial services to women in Africa.
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