Pen­sions lobby seeks na­tional talks to se­cure re­tired work­ers

Business Daily (Kenya) - - CORPORATE NEWS - IPM chief ex­ec­u­tive An­thony Od­hi­ambo. James Kar­iuki jkar­iuki@ke.na­tion­media.com

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.

Pen­sion schemes sub­mit­ted 23 en­tries for the awards

AN­THONY OMUYA

FETE

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