Pension fund management is a process that calls for strategic decisions to be made to achieve the goals and provide the payouts promised to fund members. This requires pension managers to determine the optimal point that will provide the maximum…
Risk is an inherent part of any investment activity and investing your pension fund’s contributions is not exempt from this. There is increasing pressure to control or mitigate risks associated with pension arrangements as the livelihood of retired employees depends…
With occupational pension plans, employers are not only required to make contributions towards retirement funds but also, to invest these funds on behalf of their employees. It is the earnings generated from the investments that are used to provide income…
The Stand-Alone pension scheme is one of the options available to employers who want to set up an organizational pension scheme for their employees. Similar to the Umbrella Scheme, tax relief and ease of attracting top talent are some of…
The poor savings culture in Kenya can be linked to several things such as lack of or irregular income, prioritizing spending, and misconceptions about pension schemes in Kenya. The idea that pension is exclusive to only those who are formally employed…
Successfully saving up for retirement is dependent both on discipline as well as strategies used to increase pension savings. According to a 2019 report by the Kenya National Bureau of Statistics, Kenya’s Gross Savings Rate was at a meagre 5.4%,…
Due to the COVID-19 pandemic, thousands of people lost their jobs or had their businesses collapse. Those who had been saving religiously, were fortunate enough to have their savings cushion them through the uncertainty. Kenya has previously been named as…
Considering that it is not mandatory in Kenya for employers to have an occupational pension scheme, setting up one within your organization may be just what you need to differentiate you from your competitors. One of the things that employees…
Whether you are a member of an occupational or individual scheme, saving money in a pension plan is a sure way of guaranteeing your financial security, post-retirement. One major benefit of pension plans, aside from being a source of income…
Contributions made towards pension schemes are tax deductible. However, this should not deter you from saving up for retirement. There is a maximum tax deductible amount, and income that you earn from investments is tax free. The law in Kenya…
You have been doing research about pension schemes in Kenya, and have even talked to experts. You are however still hesitant because there is one minor detail that worries you – pension withdrawal. Can you access the money if an…
Including retirement benefits for employees is increasingly becoming more and more important. The fact that you have a pension scheme could be the only differentiator between you and the competition when trying to acquire top talent. Retirement benefits not only…