Pension sector grows as assets hit Sh750b

Kenya Railways Staff Retirement Benefit Scheme members erect a warning sign on a piece of land near Rahimtullah building at Upperhill that they allege had been grabbed by a private developer. The sector registered impressive results. [PHOTO: MBUGUA KIBERA/STANDARD]

Pension industry assets increased to Sh750.02 billion in the first half of last year compared to Sh696.68 registered in December, 2013.

This represents a 7.7 per cent increase. From June 2013 to June 2014, the assets recorded an 18.4 per cent increase from the Sh633.56 billion to Sh750.02 billion.