Pensions lobby seeks national talks to secure retired workers

IPM chief executive Anthony Odhiambo. PHOTO | anthony omuya | NMG
IPM chief executive Anthony Odhiambo (right), RBA Market Conduct manager Tom Kiptanui (centre) and Nation Media Group comercial Manager James Sogoti during the launching of Pensions Awards at Golden Tulip Hotel Nairobi on September 12, 2017. PHOTO | anthony omuya | NMG 

The Institute of Pension Management (IPM) has called for national talks to enhance pension schemes’ enrolment via innovative products to help secure the future of workers.

Speaking at the inaugural National Pension Awards, IPM chief executive Anthony Odhiambo said increased awareness had seen pension contributions register a 15.6 per cent growth annually to stand at Sh1 trillion currently.

Kenindia was declared the Issuer of the Year, LapFund (Best Managed Public Sector Scheme), RCL Actuarial (Best Fund Actuary), KenGen Staff Pension (Best Managed Occupational Award), Standard Chartered (Best Funds Custodian) and the Scheme of Governance award went to Laptrust.

Mr Odhiambo said Kenyans could best secure their future by setting aside money for use when they are out of employment.

CIC Group was the second runners-up in two categories as the best managed occupational and the Approved issuer of the year.

KenGen Staff also took home the second runners-up award as the best managed public sector scheme. Moi Teaching and Referral Hospital took home two third runners’ up awards as the best scheme in governance and best managed public scheme.