Effects Of Retirement Benefit Authority Act On Risk Of Investments Held By Pension Funds In Kenya
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Date
2005-10Author
Kihunyu, Charles M
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
The purpose of the study was to determine the effects of RBA Act 2000 on
investment risk of pension funds in Kenya. The study enlightens the
stakeholders in the pension industry on the risk effects arising from RBA
enactment.
The data was obtained from secondary sources, which included pension
funds audited accounts, end of period returns and annual returns from
Retirement Benefits Authority.
The data was analysed using SPSS on income and distribution of assets
of the pension funds portfolio.
The study revealed that with application of RBA Act the asset distribution
of pension funds portfolio have changed. It was established that pension
funds have invested heavily in marketable and liquid assets improving
liquidity of pension funds.
Another interesting observation is that the earnings are more stable and
less risk is observed with applications of RBA rules and regulations.
The study can be used to explain the reasons for investing in certain
assets of the portfolio given wide range of assets from which to invest.
Citation
Masters in Business Administration (2005)Publisher
University of Nairobi. Faculty of Commerce