By JAMES KARIUKIMore by this AuthorThe coronavirus pandemic portends bad times for the retirement sector in the next 30 years as most Kenyans are now hard-pressed to meet daily upkeep expenses. “The longer the coronavirus social-economic impact continues, the higher the financial risk in retirement," she said in a webinar. "While disposable incomes are under severe pressure from rising costs of living, one must try to manage the expenses and keep saving for their retirement." SENSITISATIONMs Okinda said pension schemes must sensitise members on the need to balance immediate and long-term needs with an emphasis on maintaining a disciplined practice of saving for retirement. He said poor returns reported in the first quarter should not deter pension schemes from increasing their stakes in various listed entities.

Source: Daily Nation May 05, 2020 16:41 UTC