Pension institutions to spend Sh3mn in training people on financial literacy

Institute of Pension Management (IPM) and the School of Pension and Retirement Studies (SPRS) will jointly offer financial training to both individuals and corporates in a bid to deepen financial literacy and investment knowledge in the pension industry.

The institutions have set aside an initial investment of Sh3mn to offer specialized pension industry driven courses and trainings with a view of developing capabilities of actors in the industry.

“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,” said James Wanyama, IPM executive director.

SPRS director Dr Edward Odundo said courses and training sessions are a sure-fire way in ensuring that more and more individuals live a comfortable and dignified life. The first set of trainings are set to commence in July 2021, and will be offered virtually across East and Central Africa namely Kenya, Uganda, Tanzania, Zambia and Rwanda.

“Our goal as partners is to equip participants with practical and applicable knowledge. Financial stress affects the performance and emotional stability of our wellbeing. We, therefore, urge everyone to take advantage of this training and be equipped with necessary financial knowledge and tools,” said Odundo.

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