×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

New rules on pensions get backing

Housing & Urban Development PS Charles Hinga Mwaura and Octagon Africa Group CEO Fred Waswa. [James Wanzala, Standard]

Investors in the property and pension sectors have welcomed the new mortgage regulations that allow the use of retirement savings for house purchase.

The Retirement Benefits Act was recently amended to allow members of retirement benefit schemes to utilise a proportion of their accrued savings to purchase a residential house.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in