The National Social Security Fund has appointed six new fund managers to handle its Sh110 billion worth of assets. The move by the fund is in line with requirements by the industry regulator, Retirements Benefits Authority. This decision to hire the fund managers will greatly improve the financial standing of the institution. Old Mutual, Stanbic Investments, Genesis Investments, Co-op Trust Investment, Pine Bridge Investments and ICEA Asset managers will be involved in running the portfolio. Kenya Commercial Bank and Standard Chartered Bank have been retained as custodians. As a government body, NSSF is mandated to offers social protection to all Kenyan workers, with a requirement that workers contribute to it monthly. READ ON: www.nation.co.ke/business/news/Six picked to manage NSSF's Sh110bn assets steer+reforms
Positive News and Stories.
Friday, August 12, 2011
NSSF’s Sh110bn assets reforms
The National Social Security Fund has appointed six new fund managers to handle its Sh110 billion worth of assets. The move by the fund is in line with requirements by the industry regulator, Retirements Benefits Authority. This decision to hire the fund managers will greatly improve the financial standing of the institution. Old Mutual, Stanbic Investments, Genesis Investments, Co-op Trust Investment, Pine Bridge Investments and ICEA Asset managers will be involved in running the portfolio. Kenya Commercial Bank and Standard Chartered Bank have been retained as custodians. As a government body, NSSF is mandated to offers social protection to all Kenyan workers, with a requirement that workers contribute to it monthly. READ ON: www.nation.co.ke/business/news/Six picked to manage NSSF's Sh110bn assets steer+reforms
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment