Pension funds book negative returns as share prices drop

Nairobi Securities Exchange (NSE) logo on the trading floor. 

Photo credit: File photo | Nation Media Group

Pension fund returns turned negative in the first quarter of the year as assets took a hit from the downturn in the stock exchange and a weaker shilling that hurt fixed-income investments.

Analysis of pension schemes done by Actuarial Service East Africa (Actserv) shows that they recorded an overall return of -0.6 percent in the period, compared to 2.6 percent in the first quarter of last year.

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Note: The results are not exact but very close to the actual.