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Update on the Retirement Benefits (Mortgage Loans) (Amendment) Regulations 2020

The Retirement Benefits (Mortgage Loans) (Amendment) Regulations 2020 came into force on 14 September 2020 following an amendment to Section 38 (1A) of the Retirement Benefits Act, through the Tax Laws Amendment Act, 2020. The Regulations amended the Retirement Benefits (Mortgage Loans) Regulations, 2009 and made it possible for scheme members to withdraw up to 40% of their accrued benefits,…

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RBA Appoints Charles Machira as New Chief Executive Officer

The Retirement Benefits Authority’s Board of Directors have appointed Mr. Charles Machira as the Chief Executive Officer. The board said Mr. Machira emerged the successful candidate during the recently concluded interviews. His appointment takes effect from 1st December 2022. Mr Machira has been the acting chief executive officer since 1st March 2022. Until his appointment he was the Chief Manager,…

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RBA announces research findings dissemination forums

Retirement Benefits Authority will release research findings at meetings in Eldoret, Mombasa, Nairobi, Nakuru and Nyeri. The meetings will be held in October and November at venues to be announced. The meetings are aimed at retirement benefits schemes’ members and trustees. The Authority will present findings from research it carried out on topics affecting retirement benefits. For more information ……

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Death Announcement

outgoing Chief Executive Officer  (CEO), Nzomo Mutuku. The Retirement Benefits Authority (RBA) regrets to announce the untimely death of the outgoing Chief Executive Officer  (CEO), Nzomo Mutuku. The late Nzomo has served the Authority for more than 20 years.   He was instrumental in the founding of the Authority, initially headed the Research &  Policy function, and subsequently rising to the…

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Charles Machira Appointed as the Acting Chief Executive Officer

THE RETIREMENT BENEFITS AUTHORITY wishes to announce that Mr. Nzomo Mutuku’s term as Chief Executive Officer comes to an end on 30th June 2022, and he has proceeded on terminal leave. Mr. Mutuku has been with the Authority for 22 years and has served as Chief Executive from March 2017. During his term, he has overseen considerable growth in the…

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Press Release: Invitation to Participate FiRe Award 2021

INVITATION TO PARTICIPATE FiRe AWARD 2021 “Promoting Financial Reporting Excellence In Uncertain Global Economy”  CALL FOR ENTRIES 2021 The Financial Reporting (FiRe) Award is the most prestigious and coveted Award in East Africa for financial reporting. The award is held annually by the joint Promoters; the Capital Markets Authority (CMA) Kenya, the Institute of Certified Public Accountants of Kenya (ICPAK),…

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Press Release : Launch of the 2021 Fire Award

Nairobi - September 22, 2021 - The 19th edition of the Financial Reporting (FiRe) Award was launched on September 22 2021, inviting reporting entities to prepare and submit their Annual Financial Reports for assessment for this year’s FiRe Award. Entries for the private and public sector are open from the 22nd September 2021 to 30th October 2021. The FiRe Award…

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