Kenyans, you are on your own and it’s your money on the line.
No matter what anyone in the financial services promises, in reality consumers are on their own. Am sure regulators, financial institutions and their representatives will want Kenyans to believe they are protecting us.
If representatives are people of integrity then I may be wrong, but it’s a whole other ball game if they are not.
Kenyans must accept that to protect themselves against rogues they must take matters into their own hands. They must stop blindingly doing what they’re told by their banks, life insurers and financial advisers.
Kenyans must test all advice they are given. They must reject advice that doesn’t pass the breath test. They must treat it like advice from real estate agents, builders, mechanics, salespeople or politicians.
Yes, talk to these people, listen and learn from them. But always remember it’s your money on the line, not theirs.