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Poll jitters push pension funds to keep Sh1.14 trillion in 'safe assets'

NEWS

An additional Sh274 billion of retirees' cash went to government debt during the pandemic according to Central Bank data.

Poll jitters push pension funds to keep Sh1.14 trillion in 'safe assets'

By Dominic Omondi | 2 days ago

Why I smell a rat in pension funds

Why I smell a rat in pension funds

While in most African countries savings rates are low, standing at 17 per cent of Gross domestic product, Kenya’s rates are lower at around 14 per cent of GDP with Tanzania and Uganda being cited as having crossed the 20 per cent mark with a lower per capita income.

Tania Ngima | 4 years ago

State gazettes proposed law on unclaimed assets

A new law designed to deal with a mounting heap of unclaimed financial assets currently held by commercial banks, insurance firms, stockbrokers, pension funds managers and the state law office, will soon be in place. That is if the Unclaimed Financial Assets Bill 2011, already published — and set to be introduced into the floor of parliament — is passed into law.

| 10 years ago

New management system to protect pension funds

Pension funds should initiate a risk-based approach in the management of funds.

| 10 years ago

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