Types of Pensions Individual Pension Plan Individual Pension Plan is designed to enable individuals to save for their retirement by making regular contributions into the scheme during their working years and grow their retirement savings. Features; The scheme has a low minimum contribution of Kshs. 1,000 per month Upon retirement, the member will access their...
Annuities An annuity is an arrangement whereby a life office/Insurance company, in exchange for purchase price/money, enters into a contract to pay a set amount of money (the Annuity) every year while the annuitant (the person on whose life the contract depends) is still alive. The layman’s word for annuities is Pension. Contact us to...
What are Bonds? A bond is referred to as a fixed-income instrument since bonds traditionally paid a fixed interest rate (coupon) to debtholders. Variable or floating interest rates are also now quite common. Bonds may be issued by Governments or companies (corporate bonds). Contact us to find out more about bonds.
WHAT IS A UNIT TRUST? A Unit Trust is an excellent way to accumulate wealth. It is a pool of savings by members. Portfolio managers then invest the pooled funds in selected securities. Each receives units depending on the size and value of his/her investment. Choice of Funds under Unit Trusts MONEY MARKET FUND The...