Kenya. Retirements regulator strategic plan to boost assets
The pensions sector dropped in performance of various investments in the past year, a report has shown.
The decrease in the assets during the half-year was attributed to the volatility in the stock market of which investment in quoted equities decreased by 19.83 per cent.
The performance is, however, better than the year before, with marginal increases recorded.
The top five fund managers during the period were Sanlam Investments East Africa, GenAfrica Asset Managers, Old Mutual Investment Group Limited, Stanlib Kenya, and British – American Asset Managers with 69.7 per cent of the pensions portfolio, with Sh 683.47 billion in assets under management.
According to the report, retirement benefits assets under management decreased by 0.02 per cent from Sh1.16 trillion last June to Sh1.16 trillion in December. The assets under fund management include Sh125.91 billion of NSSF funds, majorly in immovable property, quoted equities, cash and demand deposits, fixed deposits, and unquoted securities.
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