Non-banking financial services consultancy Liaison Group has
introduced a scheme that allows clients to enjoy medical cover in
retirement.
Under the scheme, a member can contribute
both for retirement and a medical plan, and on attaining retirement age
the fund for retirement will be converted to a monthly pension.
The medical fund will fully cater for medical on retirement.
The
scheme will also allow members to port their benefits from any plan
they have to their retirement on the same terms as before.
Managing
director Tom Mulwa, yesterday said the scheme dubbed Suluhu Umbrella
Scheme ensures one is not just guaranteed a stable income in retirement,
but also has a reliable medical cover.
“We have
designed the scheme with inbuilt flexibility to allow members to port
their current plans into retirement at the same terms,” said Mr Mulwa.
He said they have put in place a highly competent panel of service
providers to ensure a high quality of service.
“The fact that the service providers are not related is also critical for good governance,” said Mr Mulwa.
The
service providers are Liaison Financial Services as scheme
administrator and founder, KCB Bank as corporate trustee, NIC Bank as
custodian, and Stanlib Kenya as investment manager.
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