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Britam contracts Equity, Family banks to sell pension scheme
From left: BAM acting CEO Jude Anyiko, RBA chief executive Edward Odundo, Britam marketing and corporate affairs director Muthoga Ngera and Britam finance and strategy director Gladys Karuri during the launch of the pension scheme. PHOTO | FILE
Britam has contracted Equity and Family banks to sell its pension scheme to small and medium firms in the first such deal in the financial sector.
The financial services company will run the business under Britam Asset Managers (BAM), which is allowed to invest in riskier businesses unlike the guaranteed pension scheme now running under its insurance business.
