Old Mutual Life Assurance Kenya

Personal Pension Plan

Personal pension · Regulated by the RBA

A pension you open yourself, not through a job. You pay in what you like, when you like, and the money is invested until you retire.

Hear when this changes

Penalty for taking money out earlywhat you take out	Nothing
Yearly charge on your moneyyour savings	1.25% a year

Nothing is lost. What you have paid in stays invested and the yearly charge keeps coming off it.

Old Mutual says it charges no penalty. The law still limits when you can take pension money out.

It could work for you if

You do not have a work pension and you want one charge you can see.

Think twice if

You need the money back soon. Pension savings are held until you retire.

What do they charge you every year?
1.25% a year, taken from your savings.
What does it cost to get out early?
They print a 0% penalty but never say for how long it applies.
How long is your money tied up?
Not at all. You can take it out whenever you want.
Do they say who regulates them?
Yes — the RBA. That is who you complain to.

There are 16 other plans of this kind on the board. See all 17 side by side — what each one leaves you with, and which of them will not say.