| Updated Thu, February 2nd 2017 at 11:16 GMT +3Pension firms have been advised to diversify their investments, including buying land to establish cemeteries. He said pension funds trustees should consider investing in buying land for establishing cemeteries since there is a huge deficit of cemeteries in many counties. Most pension schemes concentrate on fixed-income and private equity. According to the Retirement Benefits Authority, the average Kenyan pension fund is focused on local equities and fixed-income investments, with 50 per cent of these being traditional asset classes. RBA regulations permit investment in property, although Stichbury said there is little information available to pension schemes on how to invest in property for such firms.

Source: Standard Digital February 02, 2017 08:17 UTC