Pension industry posts lower returns as sector continues to experience volatility

Kenya's pension industry posted a decline in performance this year. Returns on schemes declined as the sector continued to experience volatility over the last seven years.

The average annual return on schemes declined from 21 per cent in 2013 to 17.8 per cent as at September 30, this year. This is according to recently released Alexander Forbes Consulting Actuaries Schemes Survey 2014.