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The Standard e-Paper
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The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
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State-run National Social Security Fund (NSSF) has been surpassed in terms of portfolio size by AIG PineBridge, a private fund manager. This is according to a performance report published by the Retirement Benefits Authority (RBA), covering the period between June and December 2013.
With NSSF set to implement new contribution rates, pegged at Sh1,080 for those earning at least Sh18,000, poor performance of the State pension fund continues to cause jitters in the pension industry. Cases of looting and investment in white elephant schemes by well-connected corporate raiders remain unresolved.
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