Retirement savings gap widens as 74% of Kenyans fail to save

The Retirement Benefit Authority (RBA) has expressed concerns over the low pension uptake by salaried kenyans with only 26 percent of salaried Kenyans saving for retirement. RBA further notes that there is an urgent need for innovative and accessible products that encourage long-term savings. Since the introduction of income drawdown options in the country, 28 schemes have been registered, managing over 31 billion in assets.