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Rank: Member Joined: 1/30/2011 Posts: 207
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Chaka wrote:Can someone help me with the yearly performance regarding PPP's at Jubilee,ICEA Lion,Britam and Alexander Forbes(If they offer it) for the years 2016,2017?
For AForbes and ICEA Lion they always give below 10% regardless... Circa 5% ndo zao...
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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According to another Jubilee write-up I have seen the return for 2016 was 9%,For 2010 and 2012 it shows 12.8% i/o 12.75%
Mkimwa wrote:Chaka wrote:Can someone help me with the yearly performance regarding PPP's at Jubilee,ICEA Lion,Britam and Alexander Forbes(If they offer it) for the years 2016,2017?
Jubilee returns:
Year
2004 - 9.5%
2005 - 10.5%
2006 - 12.75%
2007 - 12%
2008 - 8%
2009 - 8.2%
2010 - 12.75%
2011 - 6.5%
2012 - 12.75%
2013 - 14%
2014 - 12%
2015 - 8.3%
2016 <not sure>
2017 - 12%
Britam:
2012 - 16%
2013 - 16%
2014 - 16%
2015 - 8%
2016 - 8.5%
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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Wororo wrote:Chaka wrote:Can someone help me with the yearly performance regarding PPP's at Jubilee,ICEA Lion,Britam and Alexander Forbes(If they offer it) for the years 2016,2017?
For AForbes and ICEA Lion they always give below 10% regardless... Circa 5% ndo zao...
Stay away from Aforbes. They are now calling themselves zamara.
2017 they did 10%.
Previously, 1%.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Hi fellow wazuans,
For guys here having a PPP(preferably the provident fund) in any of the providers in KE,I need to know the performance for 2018 and whether the interest is worked using simple interest or compound interest?I have a PPP with ICEA Lion and they returned 9% for 2018 and the interest is compounded once per period(not compounded daily)..which I don't exactly like..
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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Chaka wrote:Hi fellow wazuans,
For guys here having a PPP(preferably the provident fund) in any of the providers in KE,I need to know the performance for 2018 and whether the interest is worked using simple interest or compound interest?I have a PPP with ICEA Lion and they returned 9% for 2018 and the interest is compounded once per period(not compounded daily)..which I don't exactly like..
Britam - 6%.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Ok thanks,do they use simple or compound interest?
FRM2011 wrote:
Britam - 6%.
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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Chaka wrote:Ok thanks,do they use simple or compound interest?
FRM2011 wrote:
Britam - 6%.
That is the simple rate for 2018.
Incidentally, today was the AGM and I passed by. Missed the early presentations but was present during the question/answer session.
The 6% for Britam is the lowest in the last 10 years. From the tough questions from the members, the investment manager had to concede it was very low and the outlook for 2019 will no doubt be much better. Maybe double-digit.
I have also realized we shall start reaping the benefits of an educated population. The kind of questioning from ordinary members made me proud. You can't dare show up for such a meeting unprepared. Which means pension scheme managers don't have a choice but to get better and better.
I noticed the same with Mhasibu AGMs.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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FRM2011 wrote:Chaka wrote:Ok thanks,do they use simple or compound interest?
FRM2011 wrote:
Britam - 6%.
That is the simple rate for 2018.
Incidentally, today was the AGM and I passed by. Missed the early presentations but was present during the question/answer session.
The 6% for Britam is the lowest in the last 10 years. From the tough questions from the members, the investment manager had to concede it was very low and the outlook for 2019 will no doubt be much better. Maybe double-digit.
I have also realized we shall start reaping the benefits of an educated population. The kind of questioning from ordinary members made me proud. You can't dare show up for such a meeting unprepared. Which means pension scheme managers don't have a choice but to get better and better.
I noticed the same with Mhasibu AGMs.
I was to attend Britam too but couldn't make it. A friend of mine shifted to ICEA due to low returns, maybe I should follow him
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Rank: New-farer Joined: 11/9/2011 Posts: 30
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Wazuan's
Please advise. Is it advisable to invest my pension in Money Market Fund?
My fund manager has given me proposal to invest my monthly accumulative funds into Money Market Fund.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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kelly04 wrote:Wazuan's
Please advise. Is it advisable to invest my pension in Money Market Fund?
My fund manager has given me proposal to invest my monthly accumulative funds into Money Market Fund.
The problem here is that those funds are easily accessible and you might be tempted to use them..
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