Browsing: Sanlam Investments East Africa Limited (SIEAL)

FILE PICTURE Retirement Benefits Authority CEO Nzomo Mutuku Sanlam Investments East Africa CEO Jonathan Stichbury and Capital Markets Authority CEP Paul Muthaura

The Retirement Benefits Authority has announced an 8 percent year-on-year increase in the total assets under management by fund managers and approved issuers in Kenya.

According to the recently released RBA Retirement Benefits Industry report for December 2018, 16 fund managers and 15 approved issuers, submitted 1,236 scheme reports with a total fund value of Ksh. 980 billion representing an 8 percent increase compared to the December 2017 values.

The report further confirms that the total assets managed by fund managers amounted to Ksh. 813 billion while the approved issuers managed Ksh. 167 billion at the end of December 2018.

In terms of investments by fund managers and approved issuers, Sanlam Investments East Africa Company Limited (SIEAL) maintained its industry lead as the fund manager with the largest pension scheme assets under management, totaling Ksh. 202 billion which constitutes 20.6 percent of Kenyan pension sector assets.

The RBA report states …