The Zimele Personal Pension Plan, also called the growth fund, works on the pooling of funds concept. Your contributions and any additional contributions from a third party, such as an employer, are combined and invested in interest earning assets, including as Treasury bill and Treasury Bonds, and shares of companies listed at the Nairobi Securities Exchange (NSE) on your behalf through the scheme with the objective of ensuring you end up with sufficient pension benefits upon retirement.
It is recommended for people who have a longer period before they attain retirement age since they can take advantage of time for their investments to accumulate attractive returns.
The fund is licensed and regulated by the Retirement Benefits Authority (RBA).