Ceylon Planters’ Provident Society promotes personal financial planning

Friday, 22 May 2015 00:14 - - {{hitsCtrl.values.hits}}

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Recognising the need to go beyond providing the best possible returns to members, the Ceylon Planter’s Provident Society conducted an awareness program recently for its members on wealth planning in collaboration with NDB Wealth Management.

Ceylon Planters’ Provident Society is the oldest approved provident fund in the country, established by the planters way back in March 1926 under the Trusteeship of the Planters’ Association of Ceylon.

“We spend much of our time looking at the rupees and cents and the bottom line of the organizations that we work for but pay little or no attention to our personal financial planning. It is only at the time of retirement that it hits us in the face and we wonder how and where to invest, in order to meet our day-to-day expenses in our retirement,” said Dr. Dan Seevaratnam, Chairman of the Ceylon Planters’ Provident Society in his introductory remarks.

NDB Bank PLC Director/CEO Rajendra Theagarajah, welcoming the participants, stated: “You need to diversify your savings to continue the same quality of life during retirement. One should give serious thought as to what is available beyond a mere bank deposit – at least on reaching 40-45 years.”

Presentations on ‘Wealth Planning’ and ‘How to start building your wealth’ by Prabodha Samarasekera, CEO of NDB Wealth Management Ltd., included several simple tools to assess one’s personal financial position and guidelines to building wealth.

Priyangani Edirisinghe, Nutritionist of the Teaching Hospital Kandy, addressed the forum on the topic ‘Optimise Health. Maximise Wealth,’ which highlighted the need for a healthy lifestyle if one is to enjoy one’s wealth.

The event was well appreciated by the participants thanks to the support of NDB Wealth Management Ltd., which has been associated with the Society for a long period of time.