Page 45 - SACCOStar Mag Vol 46 Press_txt.pdf

CORPORATE WATCH

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Arecent study released by Enwealth in collaboration ii. Provide employees information and mechanisms
with Strathmore University and the Institute of Human to write their wills. Writing a will is a relatively
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of Kenyans have written wills or formal statements of ADPTDRSR@QD@KRNRSQ@HFGSENQV@QC

intention, regarding their succession plans. This corroborates
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to succession. Further, succession is cited as the leading cause of employees.
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iv. The opportunity to increase the appreciation of
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dubbed ‘Enwealth Conversations’ were based on a study Kenyans exists if pensions savings can be linked with
seeking to investigate attitudes towards inheritance, as well legally supported pragmatic means to access credit
as how Kenyans invest for legacy and allocate their assets to and/or housing.
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v. There is a need to link savings in pension funds with
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important. The most important reason being to ensure their the individual with tools to know what his/her
children can get a good education, followed by the need to outcome will be in retirement and the strategies to
leave a business for prosperity. get to get to the desired outcome.

S 3GDHLONQS@MBDNEKD@UHMF@MHMGDQHS@MBDV@RGHFGDRS@LNMF vi. Increasing awareness of Income Drawdown as an
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million and those with assets above 100 million.
vii. Retirement preparation programs should include
S NEQDRONMCDMSRHMCHB@SDCSG@S@VQHSSDMVHKKNQRS@SDLDMS practical advice on entrepreneurship, investment
of intention is better than an informally communicated will yet options, farming, real-estate investment, post-
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realities of life in retirement/old age even after the
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legal advice to make a will.
Enwealth has taken an innovative approach providing
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for succession planning, followed by written wills and verbal practical and life-changing strategies for managing
indications to family. SGDHQ ODQRNM@K ?M@MBDR
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outplacement, induction training geared towards shifting
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S NESGDQDRONMCDMSRHMCHB@SDCSG@SSGDXDWODBSSN Michelle Nyandiko
maintain the same or better standards of living in retirement. Manager, Business Development and Consulting,
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savings indicating that their pension forms an average of Enwealth Financial Services Limited
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Email: mnyandiko@enwealth.co.ke

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estate planning. Here are 7 tips that human resources professionals,
pension funds trustees and retirement industry policy makers may
incorporate to bridge this gap:

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used educate children in the event of demise of an employee.
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43| SACCO Star Magazine