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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.

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