The Retirement Benefits Authority wishes to bring to the attention of the pension industry, the Kenya Tax Laws (Amendment) Act 2020 that was assented by His Excellency President Uhuru Kenyatta on the 25th April 2020. The new Act, has amended Section 38 of the Retirement Benefits Act (1997) to allow partial access of retirement benefits for purposes of purchase of…

The Retirement Benefits Authority wishes to advise all players in the pension sector as follows in regard to suspension of retirement benefits contributions. Please take note [wpdm_package id='4529']

An exemption from compliance with section 34(4C) of the Retirement Benefits Act has been officially gazetted by the Cabinet Secretary for the National Treasury. The exemption will apply  for a period of 60 days with effect from the 1st April 2020. Please see the extract below for your reference. [wpdm_package id='4519']

Please see below a communique to the Kenya Pension sector by the Retirement Benefits Authority in light of Covid-19 outbreak [wpdm_package id='4508']

Chairman and Board Members, Octagon Pension Services, Group CEO, Management and Staff, Octagon Pension Services, Representatives of Alexander Forbes Financial Services Distinguished Guests Ladies and Gentlemen, I’m glad to be here on this auspicious occasion marking one of our service providers’ entry into a global partnership. This is indeed a clear testament that a business that is focused and innovative…

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…

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…

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…