Reports that the administrative costs of the National Social Security Fund (Fund) are galloping uncontrollably and squeezing retirees’ returns goes against every known principle of investment management.
One has to think about life after retirement, the finance specialists keep repeating in every investment forum. Why then would a State-run pension scheme use a huge Sh172 to manage every Sh400 contribution? Indeed, the NSSF numbers for up to June 2016 go against the best practice.
