Blog Image

Posted On: 02-04-2025

When is the Right Time to Retire?

I have always wanted to retire at 30, travel the world, meet fascinating people, and soak in the beauty of breathtaking destinations. Imagine waking up to the sound of waves in Bali, stretching out on a sun-kissed beach, knowing that your biggest decision of the day is whether to order a coconut or a piña colada. Picture yourself strolling through the cobbled streets of Florence, losing track of t...

Blog Image

Posted On: 02-04-2025

Insurers Breach Commission Limits in Market Share Battle

In an aggressive push to capture a larger share of the insurance market, several insurers in Bangladesh have exceeded the legally mandated commission limits set by the Insurance Development and Regulatory Authority (IDRA). This violation, driven by fierce competition, raises concerns about financial stability and regulatory enforcement.According to recent industry reports, some insurers have been...

Blog Image

Posted On: 02-04-2025

TYPES OF PENSION PLANS.

They can be categorized into two; a Defined benefit plan and a Defined Contribution plan. Others are; hybrid pension plans and specialized pension plans. Let’s break it down;Defined Benefit plans (DB)Employer-managed; guarantee is upon employer, of payout upon retirement. Formula-Based; calculated based on salary history, years of service and a fixed percentage.Risk; employer bears investment risk...

Blog Image

Posted On: 01-04-2025

Kenyan Banks Reward Investors with Record KSh 85 Billion in Dividends!

Kenya’s top banks have announced a record-breaking dividend payout of KSh 85 billion following an impressive surge in profits, fueled by high interest rates and a strong performance in 2024. This is great news for investors as financial institutions continue to showcase resilience in an evolving economic landscape.Here’s a breakdown of some of the biggest dividend payouts:Standard Chartered Bank K...

Blog Image

Posted On: 01-04-2025

Policies to help people manage defined contribution pension wealth through retirement.

In terms of retirement and wealth through later life, policies help manage the defined contribution of pension.Policies ensure; flexibility, sustainability and financial security. Financial risks are currently being opted in study cases of pension withdrawals, and for a note, policies would navigate what people have to do as they purchase annuities.  The standard of living can be affected by what...