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Disgusting new policies in individual pension schemes
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mic_mic
#11 Posted : Monday, November 24, 2014 4:53:10 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
bird_man wrote:
Plots,business & NSE is about making profits. It is high risk thus higher rewards.Pension is about assuring you of some income once you retire.It is NOT an investment.

One is almost 100% guaranteed...the others are not a guarantee.


Ok, you raise a good point. But given the nature of monetary policy in East Africa, a pension should at least aim to beat inflation. That sets a floor for future cashflow discount rates. What was the last official inflation figure?
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Gordon Gekko
#12 Posted : Monday, November 24, 2014 7:47:58 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
mic_mic wrote:
bird_man wrote:
Plots,business & NSE is about making profits. It is high risk thus higher rewards.Pension is about assuring you of some income once you retire.It is NOT an investment.

One is almost 100% guaranteed...the others are not a guarantee.


Ok, you raise a good point. But given the nature of monetary policy in East Africa, a pension should at least aim to beat inflation. That sets a floor for future cashflow discount rates. What was the last official inflation figure?

There are two types of pensions. Government controlled (NSSF, CPF) and private ones. Govt will give 2.5-6% while Amana for instance did 22% last year. Top dogs in Kenya do some ridiculous numbers.
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bird_man
#13 Posted : Tuesday, November 25, 2014 10:19:51 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Gordon Gekko wrote:
mic_mic wrote:
bird_man wrote:
Plots,business & NSE is about making profits. It is high risk thus higher rewards.Pension is about assuring you of some income once you retire.It is NOT an investment.

One is almost 100% guaranteed...the others are not a guarantee.


Ok, you raise a good point. But given the nature of monetary policy in East Africa, a pension should at least aim to beat inflation. That sets a floor for future cashflow discount rates. What was the last official inflation figure?

There are two types of pensions. Government controlled (NSSF, CPF) and private ones. Govt will give 2.5-6% while Amana for instance did 22% last year. Top dogs in Kenya do some ridiculous numbers.


My thinking....do your pension but be very aggressive when it comes to plots,business & NSE. At least that way you balance the two.
Formally employed people often live their employers' dream & forget about their own.
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ayushnehra
#14 Posted : Friday, December 08, 2017 9:48:38 AM
Rank: Member

Joined: 1/4/2015
Posts: 153
Hey guys,

Are there any recent figures on the performance of the pension schemes? Where is this data normally acquired from?
Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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Gathige
#15 Posted : Friday, December 08, 2017 11:05:44 AM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
ayushnehra wrote:
Hey guys,

Are there any recent figures on the performance of the pension schemes? Where is this data normally acquired from?



Normally. its the individuals schemes that declare their returns to the members and issue a statement. Nit sure if the info is available elsewhere.

For Jubilee, the performance has been 12%, 8.3% and 9% for 2014, 2015 and 2016 respectively. The performance has been on a downward spiral and may be indicative of other schemes too.

"Things that matter most must never be at the mercy of things that matter least." Goethe
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FRM2011
#16 Posted : Friday, December 15, 2017 11:16:32 AM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
ayushnehra wrote:
Hey guys,

Are there any recent figures on the performance of the pension schemes? Where is this data normally acquired from?


Alexander Forbes are the actuaries and administrators of most corporate pension schemes. So as guys resign, they started convincing people to transfer their balance to their own scheme. It's called vuna.

My advice, don't even try. Unless you don't mind a pension statement with a negative return.
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