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Small pension scheme members get 26pc less
Zamara Group Group Chief Executive Officer Sundeep Raichura with Neha Datta Head, Investment Consulting team at Zamara Kenya (right) during the release of the second annual publication of the Zamara Pension Performance Watch 2019 at the Sarova Stanley on October 9, 2019. PHOTO | DIANA NGILA | NMG
Workers saving with large pension schemes will earn 26 per cent more upon retirement than those saving with smaller ones, a new study has shown citing higher costs and narrower asset classes.
The findings, contained in the 2019 edition of Pension Performance Watch released by Zamara Pension Scheme, show that the average expenses smaller pensions incur are more than double those by larger ones.