As our labour force gets more formalised and aware about the need for pension schemes, the government and workers contributions are rising. Data from the Retirement Benefits Authority (RBA), by asset classes, places the total pension pot at around Sh1.3 trillion. This amount is managed by 1,258 pension schemes and overseen by 41 fund managers.
Kenya’s pension penetration currently stands at around 20 percent and the latest GDP figures at Sh198,000 per capita, intimating the future amounts managed by pensions will be high.
