Abstract: Pension schemes form a significant part of the global investment portfolio. In Kenya, they hold over 13% of the country's GDP (OECD, 2018). Their importance is underscored by the fact that they contribute significantlyto growth and development of world economies (Kakwani, Davis, 2005; Heijdra, Ligthart & Jency, 2006). Their financial performance is critical to the provision of retirement benefits. Khan, Nouman & Imran (2015) observed that the financial performance indicates measures to which economic goals of an organisation has been accomplished over particular time period. Pension schemes however, face numerous challenges that can render the generation of retirement benefits inadequate......
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