Notes on retirement benefits, investment markets and regulation across the group.
Our 8th Enwealth Conversations study asked pension scheme members whether technology has changed how they save and invest. 63.29% said it has improved their habits, but more than half doubt their data is used only as intended.
We asked 244 pension scheme members how they save and what holds them back. Most try to save, but lack of funds, support for extended family and mobile loans get in the way. Only 12% think Kenyans have a good saving culture.
Our survey of 168 retirees and pensioners asked how a year of Covid-19 affected their money, health and outlook. 60% said their expenses had gone up, and they told us they were satisfied with life only some of the time.
We asked trustees, members and service providers how disputes in Kenyan retirement benefits schemes start and how they are settled. Final benefits cause the most conflict, and only 26% knew of a conflict resolution policy.
We asked pension scheme members how they plan to pass on their wealth. Most said leaving something for their children matters, yet only 41% have a written will and less than 20% feel confident planning their succession.
We asked 20 recent retirees what well-being in retirement means to them. They described an active new chapter, but said pension income falls short, medical cover is the top money worry, and they lean on rentals and family.
Our study with Strathmore University asked members of workplace pension schemes how ready they feel to retire. Only 1 in 4 were very confident about their financial future, and those who had worked out their retirement costs felt surer.
We asked 270 pension scheme trustees in Kenya whether they are paid, how, and whether they should be. 88% said trustees should be paid, but only 32% were, mostly through an allowance for each board meeting.
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