This comprehensive course, “Governance, Administration, and Communications in Pension Schemes,” provides an indispensable guide for all stakeholders involved in the Kenyan retirement benefits sector. It recognizes that robust governance, efficient administration, and transparent communication are the bedrock of trust and the ultimate safeguard for members’ financial futures. The course begins by meticulously dissecting the multi-layered legal framework, from the Constitution of Kenya to specific Retirement Benefits Regulations and Trust Deeds, emphasizing the paramount importance of compliance and the hierarchy of laws. Participants will gain an in-depth understanding of the Retirement Benefits Authority’s (RBA) crucial role in scheme supervision, including registration, licensing, enforcement, and dispute resolution. The curriculum clarifies the fiduciary obligations of trustees as legal owners and managers, detailing their statutory duties from record-keeping and contribution collection to annual reporting and member communication. Crucially, the course addresses emerging legal issues such as the NSSF Act, 2013 (including revised contributions and contracting-out), Post-Retirement Medical Funds (PRMF), and recent changes to mortgage regulations. By equipping learners with a thorough understanding of these intricate legal and operational requirements, this course empowers trustees, administrators, and employers to ensure accountability, mitigate risks, and build resilient pension schemes that truly deliver on their promise of a secure retirement.

Key Topics.

Sources of Law in Retirement Benefits Schemes
Relationship Between Sources of Law
Overview of Retirement Benefits Regulations
Trust Deed and Rules
RBA’s Role in Supervision of Schemes
Fiduciary Obligation of Trustees
New Issues in Law: NSSF Act, 2013
New Issues in Law: Post-Retirement Medical Fund (PRMF)
New Issues in Law: Good Governance Guidelines
Conflict of Interest (Definition, potential conflict, disclosure methods)
Emerging Issues in the Pension Industry