Economic development charity encourages a passion for pensions

Economic development charity encourages a passion for pensions

Over 70% of Asian people living in the UK are not saving for retirement – a worrying statistic that a trail-blazing Yorkshire charity is this week taking steps to address.

Bradford based QED UK, which provides education, employment and training nationally for people of South Asian origin, is rolling out a programme of information events designed to raise awareness of the importance of saving for the future.

Ansar Jawed was one of more than 20 Asian employers from across West Yorkshire who attended QED UK’s latest information event on the subject in Bradford yesterday.

Ansar runs Bradford based frozen food wholesaler Seafresh, and he feels that increasing financial awareness among Asian communities is essential.

Ansar said: “It’s crucial that organisations such as QED UK get the message out. I think the fact that a high percentage of Asian men and women are not saving for retirement is largely due to culture. Traditionally, Asian people have relied on their families, and how wealthy you happen to be is often due to the success of your forefathers.

“Saving for your future can only be a good thing, and this programme is a great ‘appetiser’ for anyone looking to start a pension. That said, it is important that people do their own research before they commit to anything in the long-term.

“As an employer, I encourage my staff to seek out what is best for them by offering them access to our own advisors. As the company grows, we will certainly look at implementing a full pension scheme.”

Guests at this week’s event took away a copy of QED UK’s DVD, Save for the Future, and are encouraged to spread the message among their family and friends.

Chief Executive of QED UK, Dr Mohammed Ali OBE said: “In its first year alone, our Pension Education Programme has reached over 700 Asian people in the region. We believe it is crucial that employers and employees are aware of the options available to them when it comes to safeguarding their future.”

The seminars are being organised with the support of five community partners – the Pakistani-Kashmir United Forum, the Shantona Women’s Centre (Leeds), the United Multicultural Centre (Rotherham), the Pakistani Muslim Centre (Sheffield), and the Sangat Centre (Keighley).

The Pensions Education Programme is one of a number of QED UK education, employment and training initiatives that aim to influence policies and practices at the highest level.


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