Pension Law 2: Regulatory environment of pension schemes in Kenya

Course Overview

This course explores the legal and supervisory framework governing pension schemes in Kenya. You’ll learn the history and motivation behind the Retirement Benefits Act, the roles of regulators like the Retirement Benefits Authority (RBA), and the responsibilities of trustees, managers, and custodians. By understanding how pension schemes are registered, monitored, and supervised, learners gain practical insights into compliance, governance, and sustainable fund management.

Key Topics

• Evolution of pension regulation and the Retirement Benefits Act

• Distinction between regulation and supervision

• Key regulatory issues: governance, registration, and asset custody

• Overview of Kenya’s pension system (social, civil service, occupational, and individual schemes)

• Role and powers of the Retirement Benefits Authority

• Trustee qualifications, responsibilities, and scheme operations

• Investment policies and regulatory guidelines

• Supervisory tools: inspections, whistleblowing, interim administration

• Enforcement, monitoring, and supervisory responses

Gain a solid understanding of Kenya’s pension regulatory landscape and the mechanisms designed to protect members, ensure transparency, and promote sector growth.