The pension sector in Kenya is urging the Capital Markets Authority (CMA) to develop new financial instruments aimed at effectively utilizing the significant amount of capital managed by pension and insurance firms.
The Public Service Superannuation Fund (PSSF), which is a contributory pension plan providing retirement benefits to employees of the government, notes that due to a youthful and expanding populace, the nation’s pension industry is poised for growth. Consequently, these funds must be strategically invested.
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