Nairobi, Sept. 1 -- The civil servant's pension scheme, Public Service Superannuation Fund (PSSF), is changing its investment policy from the current 79.3 percent concentration in fixed income securities to more diverse asset classes including listed shares, private equity and off-shore investments.

The fund had Sh270.1 billion out of its Sh340.3 billion total assets invested in government bonds, Treasury bills, Eurobonds, asset-backed securities and bank fixed deposits in the year to June 2026.

It now says it is ready to take more risks in pursuit of higher returns for its members whose annual contribution hit Sh60.8 billion in the review period.

"The new direction seeks to balance between generating inflation-beating returns while pr...