Mombasa: Pension companies are urging the government to revise current policies to better align with the technological preferences and saving habits of Generation Z. This call for reform was highlighted during the 15th Pension Convention organized by the Zamara Group in Mombasa, where industry leaders discussed the need for modernization in pension structures. According to Kenya News Agency, Sandeep Raichura, Chief Executive Officer of Zamara Group, emphasized the significant changes underway in financial sustainability and the relevance of existing pension systems. The current generation, he noted, demands a retirement scheme that offers more immediate access and flexibility, necessitating a shift towards integrating advanced technologies like Artificial Intelligence. Raichura advocated for regulatory changes that incorporate innovative solutions to make pension savings more affordable and efficient. He stressed the importance of maintaining the relevance, resilience, and inclusivity of pension systems in the face of rapid global transformations in saving plans. Highlighting the solid infrastructure of Kenya's pension system, Raichura suggested broadening savings priorities to enhance appeal. He also referenced the withdrawn Finance Bill 2024, which proposed increasing the tax-deductible contribution limit by 50 percent, a change he believes would have significantly boosted pension savings. The convention, themed "Building Innovative and Resilient Pension Systems for a Changing World," gathered over 200 delegates to explore advancements in pension systems. Raichura also called for a reduction in profit margins, advocating for more benefits to be distributed as regular retirement income. Research suggests that retirees often exhaust their funds within three years, leaving them financially vulnerable. Raichura advised retirees to consider options like annuities or phased withdrawals to manage their benefits more sustainably. Antony Kilavi, Zamara Pension Manager, stated that the convention aims to create res ilient pension systems, with a focus on financially empowering the younger population in Kenya.