Polls hit pension schemes hard in the third quarter

National Social Security Fund staff attends to clients during a sensitisation drive in Kisumu in March. photo | ondari ongega | nmg

Equities returns for pension schemes fell sharply in the third quarter on the back of negative effects of the political standoff around the presidential poll.

An industry survey by Actuarial Services EA (Actserv) for the period shows the returns fell to seven per cent compared to 18 per cent in quarter two, as returns for fixed income and offshore investments also came down.

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