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Pension scheme contributors benefit as returns grow in Q2
Jua kali artisans at work in Gikomba market. The welfare of pension scheme contributors improved in the year to June as annualised returns doubled to 3.8 per cent thanks to better yields from fixed income investments. File
The welfare of pension scheme contributors improved in the year to June as annualised returns doubled to 3.8 per cent thanks to better yields from fixed income investments.
A survey covering 388 pension schemes with total assets of Sh581.3 billion done by financial services firm Alexander Forbes shows that the returns from fixed income were the only ones in positive territory in the year to June, with equities and offshore investments in the negative. Annualised median returns rose to 3.8 per cent from 1.4 per cent as at the end of March.
