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Why number of pension schemes has dropped

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Times Tower and CBK Pension Towers Hrambee Avenue Nairobi.[Wilberforce Okwiri,Standard]

The latest data from the pensions regulator shows a drop in the number of schemes to 951 as the value of assets under management grew by 21.18 per cent, the highest over the last decade.

The Retirement Benefits Authority (RBA), in its Statistical Digest 2024, shows the number of schemes stood at 951 last year, down from 967 in 2023, a contraction of two per cent.

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