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Most working Kenyans not ready for retirement, says study

From left: Fanisi Capital Managing Partner Tony Wainaina, Old Mutual Investments Group Executive Director Patricia Kiwanuka and Old Mutual Kenya CEOPeter Mwangi, during the ‘Great Talks’ investment forum at KICC on Saturday. [PHOTO: COURTESY]

Nairobi; Kenya: Over three quarters of Kenya’s working population is not financially ready for retirement, according to a new study.

A Savings and Monitor report (SIM) by Financial Services firm Old Mutual indicates that only 12 per cent of Kenyans are financially ready for retirement while even those who are saving with retirement benefit schemes do not know the value of their savings.

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