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Business News of Friday, 29 May 2020

Source: Goldstreet Business

Enterprise Trustees announces additional coronavirus support for clients

The Enterprise Group on March 19, 2020 at the very onset of the pandemic stepped up to lead Corporate Ghana in the fight of this COVID-19 disease.

A provision of free life insurance cover of up to GHc20million for 2000 front line health workers handling COVID 19 cases from the Ghana Health service as well as a cash donation of GHc100,000 to the Noguchi Memorial Institute for Medical Research and the Greater Accra Regional Hospital for testing kits and medical supplies respectively.

Today, Enterprise Trustees Limited, the pensions subsidiary of Enterprise Group takes a further step in this COVID-19 fight to support over 350,000 scheme members on its Master Trust Tier 2 & Tier 3 who may be facing various levels of risk to COVID-19 with a bouquet of scheme member targeted solutions.

These include; a three (3) month pension contribution if retrenched, free life cover for COVID-19 cases and an employee wellbeing assistance program for retrenched or distressed employees.

A multi-pronged approach has been adopted since the effect of COVID-19 on people varies.

“Not many people have life insurance covers and with a pandemic such as this we feel this might provide member’s beneficiaries some timely relief in the event the unthinkable occurs to that member,” Enterprise said in a statement.

Retrenchments are likely to affect the future retirement potential of members as the contribution gap today compounds over time, thereby negatively affecting one’s retirement income potential.

Enterprise Trustees intends to provide that advantage to Scheme members who may be retrenched today to safeguard their tomorrow.

The employee wellbeing assistance program is to provide those who may need the services of a team of Professional Psychologist to engage with.

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