This archive report was first published on 11 May 2021.
Kenya's pension industry is taking a significant step towards deepening financial literacy and investment knowledge. The Institute of Pension Management (IPM) and the School of Pension and Retirement Studies (SPRS) have partnered to jointly offer financial training to both individuals and corporates.
According to the partnership, the two institutions aim to train over 10,000 people over the next three years. The initial investment for this initiative is KES 3 million.
Speaking on the partnership, IPM Executive Director James Wanyama said, "We are greatly honoured to work with the School of Pension and Retirement Studies and synergize our expertise in a training partnership to help expand financial literacy, improve investor knowledge and promote a culture of saving and investing to help people meet their financial and retirement goals."
The partnership will enable the two parties to offer specialized pension industry-driven courses and trainings. The first set of training is scheduled to take place in July 2021.
SPRS Director Dr Edward Odundo emphasized the importance of financial literacy training, stating, "Financial literacy training will go a long way in ensuring that we live a comfortable and dignified life. Our goal as partners is to equip participants with practical and applicable knowledge. Financial stress affects the performance and emotional stability of our well-being. We, therefore, urge everyone to take advantage of this training and be equipped with necessary financial knowledge and tools."
The courses and trainings will be offered virtually across East and Central Africa, namely Kenya, Uganda, Tanzania, Zambia, and Rwanda.
Published on May 11, 2021.
