Pension funds in Kenya reap big from equities

NAIROBI: Pension fund managers posted improved returns from equity and offshore markets during the first three months of this year. The latest Alexander Forbes Consulting Actuaries Schemes Survey released yesterday, says 317 pension schemes that participated in the survey control assets worth Sh490.4 billion. “We have seen impressive performance of companies at the Nairobi Securities Exchange including good earnings for listed firms,” said Alexander Forbes Kenya Ltd Chief Executive Sundeep Raichura.

“Although the offshore markets have been volatile over the past three years, they still offer high returns and have remained attractive.”