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Pension funds lose big as stocks dip

A fall in share prices at the Nairobi Securities Exchange (NSE) wiped out some of the gains made by pension schemes in the first nine months of the year, new data shows.

The stock market saw a bear run - a period of time when prices fall on a financial market - reducing the pension schemes’ returns to eight per cent by September this year compared with a high return of 15 per cent in September 2017.

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