Africazine:
Old Mutual Namibia is enhancing its Rewards programme by allowing members to convert points into investments.
This initiative aims to facilitate long-term savings and investments for clients. Members can now transfer their points into Old Mutual Namibia’s unit trust funds, a move that aligns with the company’s goal of promoting financial wellness.
Old Mutual Namibia Launches Investment Conversion Feature
Old Mutual Namibia has introduced a new feature in its Rewards programme, enabling members to convert their points into investments in unit trust funds. This option is designed for individuals saving for emergencies, education, or long-term financial goals. The company has reported that redemptions through the Rewards programme have surpassed N million, highlighting its growing significance in encouraging positive financial behaviors.
Logan Fransman, the group chief operating officer, emphasized the importance of integrating financial wellness with everyday life. The enhancement allows members to see how their earned points can contribute to a more secure financial future. This initiative represents a step towards making investing more inclusive and accessible for all clients.
Old Mutual Rewards Programme Encourages Financial Responsibility
The Old Mutual Rewards programme incentivizes members through points earned from various activities, including using budgeting tools and engaging with financial education resources. This new feature allows members to decide whether to redeem points in other ways or convert them into investments that could yield returns over time. The company aims to support customers at different stages of their financial lives by linking Rewards points to unit trust investments.
Next Steps for Members of Old Mutual Namibia
- Visit the Old Mutual Namibia website for information on opening a unit trust account.
- Activate the unit trust account to begin converting Rewards points into investments.
- Access the conversion facility through the Old Mutual Namibia Rewards web platform.
Old Mutual Namibia's new feature empowers members to invest their rewards for a stronger financial future.
