Pension funds to track home purchases after law review

A  house under construction. PHOTO | SHUTTERSTOCK

The number of Kenyans who use 40 percent of their retirement savings to buy homes will be known in the next two months when pension managers comply with the new law to publish data on beneficiaries.

The Retirement Benefits Authority (RBA) says they had given schemes time to familiarise themselves with the process, set up policies and begin advancing member deposits before they could track the implementation of the law.

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