Nairobi, May 8 -- Pension schemes posted positive returns in the first quarter of the year on increased yields from fixed income to emerge from the negative returns they had booked in the corresponding period last year.

Analysis of pension schemes by Actuarial Service East Africa (Actserv) shows that they recorded an overall return of 0.8 percent in the three months ended March, compared to negative 0.6 percent in the first quarter of last year.

The latest return, which was boosted by fixed income performance, trailed that of 2.26 percent that was posted in the first quarter of 2021 and was still far off the 6.5 percent of the first three months of 2019.

Actserv noted overall returns in the first quarter of the year remained under pres...