Analysis of asset allocation and the financial performance of individual pension schemes in Kenya

Abstract

Pension funds are a major source of retirement income for many people worldwide. There is an increased need to measure perfonnance of the assets held by the schemes since the growing importance of pension funds has boosted the need for methodologically sound principles for asset allocation (Swietanowski 1999). The legal owners of the scheme, the Trustees, are required to develop Investment Plans which are basically policies on the strategic asset allocation for their schemes.