Victoria Mutual (VM) Pensions Management CEO Conroy Rose is calling on sportsmen and sportswomen to prioritise pension savings as a critical part of their overall wealth management and saving strategies.
He noted that with so many Jamaican sportspersons, especially in track and field, being amongst the highest ranked in the world, it is important that they consider how to plan for their retirement, as they would not typically benefit from automatic pension enrollment through an employer.
“Professional athletes need to consider from early what their retirement will look like and how they can start preparing while they are still in a position to earn. They need to prioritise managing their finances in such a way to provide for a future after retirement from professional sport,” he said.