Pension scheme fund trustees have been urged to show commitment in their work before demanding payment for their role. He said before trustees demand a stable remuneration, therefore, they should commit themselves legally to take responsibility when fund managers interfere with pension funds. He spoke at a forum hosted by leading pension fund manager Enwealth Consultancy in Nairobi. During the event, a report which has recommended fund trustees from 1,500 pension funds in the country be remunerated for their oversight role was launched. The shift, Odundo said, has seen many fund managers make poor investment decisions that have cost pensioners their lifelong savings.

Source: Standard Digital March 09, 2017 17:48 UTC