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Retirement benefits agency alarmed by low savings culture

Retirement Benefits Authority CEO Edward Odundo (right) and Liaison Financial Services team leader Tom Mulwa during Trustees Management Forum. [PHOTO: ANTHONY GITONGA/ STANDARD)

The Retirement Benefits Authority (RBA) has expressed concern over the poor retirement savings culture among Kenyans.

According to the authority, the retirement savings rate in the country stands at 13 per cent, a figure termed too low in the region and far below the world’s average of 20 per cent.

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