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August 21, 2021

What Influences the Cost of Pension Management Software?

Pension management software helps in the administration of pension benefits to members or retired employees within the agreed timeframe. The cost of this software ultimately depends on your needs and organizational design.  There are a variety of vendors all with…

August 13, 2021

Four Benefits of Technology in Pension Management

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…

August 6, 2021

Does my Organization Need a Pension Plan Management Software?

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…

July 29, 2021

Choosing a Pension Plan Investment Strategy

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…

July 23, 2021

How to Successfully Manage a Stand-alone Pension Scheme

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…

July 8, 2021

Increase Pension Savings Creatively in 5 Simple Ways

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%,…

June 29, 2021

Debunking 5 Common Misconceptions About Pension in Kenya

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…

June 22, 2021

Setting Up An Occupational Pension Scheme in Kenya

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…

June 10, 2021

Taxation of Pension Benefits and All You Need to Know

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…

June 2, 2021

Is There Taxation on Pension Contributions in Kenya?

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…

May 28, 2021

What Are the Pension Withdrawal Rules 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…

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