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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » CSE educate pensioners on financial planning

CSE educate pensioners on financial planning

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Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The Colombo Stock Exchange (CSE) together with the Department of Pensions launched a programme in association with the Sri Lanka pensions to educate pensioners on the tenants of personal financial planning.
The first programme under this initiative was held on August 27, 2015 at the Post Graduate Institute of Management. The workshop featured an in-depth presentation on "personal Financial Planning and Investment" by Vice-Chairman of the University Grants Commission (UGC) Prof. P.S.M Gunarathna and an overview of investment in Unit Trusts by President of the Unit Trust Association, P. Ashokan.
The CSE is commitment towards ensuring that all socio-economic segments have a thorough understanding of prudent investment opportunities, in order to minimise their risks and maximise their returns. Reaching out to the community of retired persons, is an extension of this course of action; to ensure that their savings are channelled in a manner that provides them the most sustainable returns.
Those who attended the programme engaged in lively discussions with the presenters and also explored the possibilities of investing in Unit Trusts by speaking to representatives of Unit Trust Firms, who were present at the event. The former members of the government service also received educational material published by the CSE.
"As the Colombo Stock Exchange we are of the view that knowledge is the most vital element in good decision making. In line with this thinking we have embarked on a concentrated and diversified agenda of awareness programmes. We have also seen the participation of numerous former servicemen of the government service and private sector who seek to invest their savings in lucrative investments which will prove fruitful for the future. It is from this observation that we decided it would be appropriate to host a programme for former members of the government service," CEO of the Colombo Stock Exchange, Rajeeva Bandaranaike said.
"Our engagement with the Colombo Stock Exchange is a major milestone in our endeavour to provide an expanded repertoire of services to Pensioners. We are not satisfied with providing Pensioners with only a rudimentary service, we have expanded our services to the area of providing retired persons with greater assistance by way of programmes of this nature - which help them reinvest their earnings in a productive manner," Director General of the Department of Pensions Sunil Hettiarachchi said.
The programme is seen as an ideal way of presenting pensioners with a new avenue of investment; which offers them greater engagement and control, of the method in which their funds grow and earn returns. 
Courtesy: Daily News 31 August 2015

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