PENSIONERS SURVEY 2019/2020

The Retirement Benefits Authority (RBA) is a statutory body established in 1997 under the Retirement Benefits Act. Establishment of the Authority, therefore, was to facilitate industry reform and, most importantly, ensure that members’ and sponsors’ interests are protected. Its mandate as specified in the legislation include: 1) Regulation and supervision of the establishment and management of retirement benefits scheme 2)…

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PENSION PRESERVATION: ANNULMENT OF THE LEGAL NOTICE NO. 88 OF 2019

November 22, 2019 PENSION PRESERVATION: ANNULMENT OF THE LEGAL NOTICE NO. 88 OF 2019 Please note that effective 7th November 2019, Parliament annulled in its entirety Legal Notice No.88 of 2019 through which the Cabinet Secretary National Treasury had sought to amend Regulation 19, (5) of the Retirement Benefits (Occupational) Regulations to lock up 100% of the employer’s contributions until…

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REMARKS BY MR. NZOMO MUTUKU, MBS, CHIEF EXECUTIVE OFFICER, RETIREMENT BENEFITS AUTHORITY, DURING THE EAVCA LAUNCH OF PE INVESTING GUIDE ON TUESDAY 15, OCTOBER 2019, NAIROBI

REMARKS BY MR. NZOMO MUTUKU, MBS, CHIEF EXECUTIVE OFFICER, RETIREMENT BENEFITS AUTHORITY, DURING THE EAVCA LAUNCH OF PE INVESTING GUIDE ON TUESDAY 15, OCTOBER 2019, NAIROBI Ladies and Gentlemen It is a great pleasure and honour to officiate the launch of the EAVCA PE Investing guide which is a vital informational tool particularly for pension sector. I am aware that…

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Minimising risks, key to growth in the pension sector- Financial Sector Stability Report reveals

Minimising risks, key to growth in the pension sector- Financial Sector Stability Report reveals By James Ratemo, jratemo@rba.go.ke Twitter: @JamesRatemo The pension sector was resilient in 2018 despite a number of risks, the latest Financial Sector Stability Report for Kenya reveals. The report, released on Thursday at the annual Joint Financial Sector Regulators Forum in Malindi, shows that pensions industry…

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Kenya appointed chair of interim Africa Pension Supervisors Forum

Kenya appointed chair of interim Africa Pension Supervisors Forum Kenya has been appointed to chair the newly created Africa Pension Supervisors Forum. Nigeria shall deputize Kenya with South Africa, Rwanda and Zambia being executive members. In effect, the Retirement Benefits Authority CEO Nzomo Mutuku shall chair the Interim Executive Committee of the Africa Pension Supervisors Forum encompassing CEOs of Pension…

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