Pension funds fail to beat inflation during 2022

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A securities trader at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi. FILE PHOTO | NMG

Pension savers are staring at an erosion of their funds after returns from investments plunged below the rate of inflation last year due to underperforming equities and offshore assets.

The weighted average returns for pension fund investments stood at 1.7 percent in 2022, an analysis done by Actuarial Services East Africa (Actserv) shows, while inflation in the period averaged 7.64 percent.

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