Scheme Compliance and Regulatory Framework

Course Overview
This course provides an understanding of the legal and regulatory framework governing pension schemes, with a focus on compliance requirements in Kenya. Learners will explore the key provisions of the Retirement Benefits Act, the role of the Retirement Benefits Authority (RBA), and the responsibilities of trustees, sponsors, and service providers. The course equips participants with practical knowledge to ensure schemes operate within the law while safeguarding member benefits and promoting transparency.

Key Topics

• Overview of pension regulation and supervisory structures

• The Retirement Benefits Act and supporting regulations

• Registration and licensing requirements for schemes and service providers

• Trustees’ compliance obligations and fiduciary duties

• Reporting, disclosure, and record-keeping standards

• Role of the Retirement Benefits Authority in supervision and enforcement

• Common compliance challenges and regulatory penalties

• Best practices for effective governance and risk management