PENSION ARTICLES

POST RETIREMENT MEDICAL FUND (PRMF)
Medical expenses have been identified as one of the most significant expenses individuals face in retirement. The incidence rates for most chronic illnesses including various cancers, diabetes, renal failure and cardiac issues tend to increase with age. These factors usually result in relatively expensive medical insurance premiums for the elderly, resulting in most retirees lacking a medical cover. Most retirees therefore resort to Out of Pocket payment (either by depending on their children or well-wishers) to finance their incurred medical expenses. A Post Retirement Medical Fund (PRMF) seeks to address this challenge as it enables retirees have access to adequate, affordable and comprehensive health care in retirement.

YOUNG PEOPLE AND ATTITUDE TOWARDS PENSION PLANNING
The National Census 2019 revealed Kenya is a very youthful country. Those aged between 18 and 35 make up approximately 75% of Kenya’s population. A 2019 survey released by CPF and Infotrak Research and Consulting established that only 10% of this population are saving for retirement. This is despite the fact that anyone over the age of 18 (whether employed or self-employed) is eligible to begin saving for retirement. That being said, this article will discuss the youth’s attitude toward pension planning as well as the reasons why young people should consider starting to save early for retirement.

INVESTING IN INFRASTRUCTURE FOR PENSION SCHEMES
Pension schemes around the world are always looking for the best investment returns, and they’re always looking for profitable and significant investment possibilities. The main aim of any pension scheme is to deliver good retirement security to its members through investment and management decisions. This article aims to inform various stakeholders on investing in infrastructure as an alternative asset class that offers unique and rewarding investment opportunities for pension schemes.

RESPONSIBLE INVESTING WITH RETIREMENT FUNDS
Do you like the idea of your scheme’s retirement fund having a positive social impact while it earns returns? The article aims to introduce an investing practice; Responsible Investing, that seeks to achieve both social impact and financial gain.

COULD YOU AS A PENSION SCHEME STAKEHOLDER BE COMPLICIT IN MONEY LAUNDERING?
You may have heard of money laundering before and more so how the financial markets play a major role in it. However, have you ever wondered how susceptible pension schemes are to money laundering? Could you as a stakeholder be complicit in money laundering?

AN ANALYSIS OF SALARY TRENDS IN PENSION SCHEMES
There are various factors that affect an employee’s salary growth. These factors can be classified as either internal or external.