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TelPosta Pension Scheme forced to sell 64 properties to resolve illegal asset mix
Real estate has been among the top attractive holdings for many legacy pension schemes, especially those that inherited land and housing stock during State restructuring phases in the 1990s.
The TelPosta Pension Scheme has activated a nationwide disposal of 64 houses and plots of land in a bid to correct a massive breach of investment limits that has left the fund overexposed to real estate.
The scheme is selling 16 flats, 14 vacant plots and 34 bungalows spread across Nairobi, Naivasha, Nyeri, Nanyuki, Kericho, Karatina, Isiolo and other towns, in one of the biggest single pension property disposals seen in recent years.
