Nairobi, July 13 -- Kenya is grappling with a retirement savings challenge. It is estimated that more than 70 per cent of workers retire without formal pension.

This leaves many dependent on modest National Social Security Fund (NSSF) benefits, family support or savings, which often prove insufficient.

The challenge is becoming more urgent as Kenyans live longer, while rapid urbanisation and changing traditions erode the safety net of the extended family.

Policymakers are under pressure to strengthen retirement security, with NSSF pushing for legal changes that would allow members to access some of their savings before retirement.

However, this would only benefit the relatively small number of workers who have built up pension savings...