IDEAS home Printed from https://ideas.repec.org/a/jfr/ijfr11/v3y2012i4p82-97.html

Critical Success Factors for a Micro-Pension Plan: An Exploratory Study

Author

Listed:
  • Amos Gitau Njuguna

Abstract

Micro-pension plans are meant to insulate low income earners against old-age poverty. The formulation of such plans requires a delicate balance between economic viability, generation of adequate returns and customized features for the participants. This study sought to determine the pragmatic models for implementation of micro-pension plans, regulatory issues surrounding their operations, challenges to implementation and the strategies that can address the challenges. The data, collected from 1083 informal sector participants, 30 Micro-finance institutions and 20 Savings and Credit Cooperative Societies in Kenya was analyzed by use of factor analysis and visual binary approaches. The study concludes that the ideal micro-pension scheme needs to address governance, administrative, design and efficiency issues to succeed and recommends a multi-model implementation of micro-pension plans in addition to a separate set of regulations to govern the micro-pension plans.

Suggested Citation

  • Amos Gitau Njuguna, 2012. "Critical Success Factors for a Micro-Pension Plan: An Exploratory Study," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 3(4), pages 82-97, October.
    • Handle: RePEc:jfr:ijfr11:v:3:y:2012:i:4:p:82-97
    as

    Download full text from publisher

    File URL: http://www.sciedu.ca/journal/index.php/ijfr/article/view/1853/932
    Download Restriction: no
    File URL: http://www.sciedu.ca/journal/index.php/ijfr/article/view/1853
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nanak Kakwani & Hyun H. Son & Richard Hinz, 2006. "Poverty, Old-Age and Social Pensions in Kenya," Working Papers 24, International Policy Centre.
    2. Hyun H. Son & Nanak Kakwani, 2006. "Old-Age Poverty and Social Pensions in Kenya," One Pager 25, International Policy Centre.
    3. Fiona Stewart & Juan Yermo, 2009. "Pensions in Africa," OECD Working Papers on Insurance and Private Pensions 30, OECD Publishing.
    4. Jongkyun Choi, 2009. "Pension Schemes for the Self-Employed in OECD Countries," OECD Social, Employment and Migration Working Papers 84, OECD Publishing.
    5. Yu-Wei Hu & Fiona Stewart, 2009. "Pension Coverage and Informal Sector Workers: International Experiences," OECD Working Papers on Insurance and Private Pensions 31, OECD Publishing.
    6. L. Alan Winters, 2015. "Trade Liberalisation and Poverty: What are the Links?," World Scientific Book Chapters, in: Non-Tariff Barriers, Regionalism and Poverty Essays in Applied International Trade Analysis, chapter 13, pages 241-269, World Scientific Publishing Co. Pte. Ltd..
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dr Sidney Kawimbe & Ms Buumba Banda, 2023. "Qualitative Analysis of Early Pension Withdrawal in Defined Benefit Schemes: A Case National Pension Scheme Authority (NAPSA)," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(12), pages 1839-1860, December.
    2. Karen Kandie & Dr. Joseph Macheru & Dr. Cliff Osoro, 2023. "Systematic Risk and Investment Portfolio Performance of Pension Schemes in Kenya," International Journal of Finance and Accounting, IPRJB, vol. 8(2), pages 51-70.
    3. Anderson, Kym, 2004. "The Challenge of Reducing Subsidies and Trade Barriers," CEPR Discussion Papers 4592, Centre for Economic Policy Research.
    4. Chad E. Hart & John C. Beghin, 2004. "Rethinking Agricultural Domestic Support under the World Trade Organization," Center for Agricultural and Rural Development (CARD) Publications 04-bp43, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    5. Anderson, Kym & Kurzweil, Marianne & Martin, William J. & Sandri, Damiano & Valenzuela, Ernesto, 2008. "Methodology for Measuring Distortions to Agricultural Incentives," Agricultural Distortions Working Paper Series 48326, World Bank.
    6. Montalbano, Pierluigi, 2011. "Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research," World Development, Elsevier, vol. 39(9), pages 1489-1502, September.
    7. Ahmed Mohamed Ezzat, 2018. "Trade Openness: An Effective tool for Poverty Alleviation or an Instrument for Increasing Poverty Severity?," Working Papers 1248, Economic Research Forum, revised 07 Nov 2018.
    8. Emiliano Magrini & Pierluigi Montalbano, 2012. "Trade openness and vulnerability to poverty: Vietnam in the long-run (1992-2008)," Working Paper Series 3512, Department of Economics, University of Sussex Business School.
    9. Shaik, Saleem, "undated". "Is Trade or Trade Risk Good or Bad to Efficiency and Productivity?," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252788, Southern Agricultural Economics Association.
    10. Surabhi Mittal, 2007. "OECD Agricultural Trade Reforms Impact On India's Prces and Producer's Welfare," Working Papers id:1072, eSocialSciences.
    11. David A. Hurtado & Philipp Hessel & Mauricio Avendano, 2017. "The hidden costs of informal work: lack of social protection and subjective well-being in Colombia," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 62(2), pages 187-196, March.
    12. Christian K.M. Kingombe, 2012. "Regional Analysis of Eastern Province Feeder Road Project - District level estimation of the Poverty Alleviation Effects of Rural Roads Improvements in Zambia’s Eastern Province," IHEID Working Papers 10-2012, Economics Section, The Graduate Institute of International Studies.
    13. Liyanaarachchi, Tilak S. & Naranpanawa, Athula & Bandara, Jayatilleke S., 2016. "Impact of trade liberalisation on labour market and poverty in Sri Lanka. An integrated macro-micro modelling approach," Economic Modelling, Elsevier, vol. 59(C), pages 102-115.
    14. repec:pru:wpaper:30 is not listed on IDEAS
    15. Will Martin & Kym Anderson, 2006. "Agricultural Trade Reform and the Doha Development Agenda," World Bank Publications - Books, The World Bank Group, number 6889, October.
    16. Barbara Coello & Madior Fall & Akiko Suwa-Eisenmann, 2010. "Trade Liberalization And Poverty Dynamics in Vietnam 2002-2006," PSE - G-MOND WORKING PAPERS halshs-00966364, HAL.
    17. Bouët, Antoine & Estrades, Carmen & Laborde, David, 2012. "Cooperation vs. non cooperation in the multilateral trading system: the impact on poverty and inequality in developing countries," Conference papers 332287, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    18. Giorgio Barba Navaretti & Marcello Spanò, 2005. "Trade Policy and WTO Accession for Economic Development," World Bank Publications - Reports 25936, The World Bank Group.
    19. John Gilbert, 2008. "BIMSTEC-Japan Trade Cooperation and Poverty in Asia," Working Papers 2008-03, Utah State University, Department of Economics, revised 19 Dec 2008.
    20. Peterson, Everett B. & Graham, Thea, 2008. "Open Skies: An Assessment of the US-EU Open Aviation Area Agreement," Conference papers 331713, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    21. Trung X. Hoang & Cong S. Pham & Mehmet A. Ulubaşoğlu, 2016. "The role of rice in poverty dynamics in rural Vietnam: 2002–2008," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 21(1), pages 132-150, January.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jfr:ijfr11:v:3:y:2012:i:4:p:82-97. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gina Perry (email available below). General contact details of provider: http://ijfr.sciedupress.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.