Umbrella pension schemes offer a practical and cost-effective solution for employers in Kenya who want to provide retirement benefits to their employees without setting up individual retirement plans. These schemes pool the retirement contributions of multiple employers under one flexible fund, helping employees achieve long-term savings and financial security after retirement.
Ideal for small and medium-sized enterprises (SMEs), umbrella schemes come with several advantages, including:
- Zero set-up costs
- Lower management fees
- Simplified administration processes
All umbrella pension schemes in Kenya are regulated and licensed by the Retirement Benefits Authority (RBA) the body mandated to oversee the retirement benefits sector and protect the interests of contributors.
Registered Umbrella Pension Schemes in Kenya
Below is a comprehensive list of officially registered umbrella pension schemes operating in Kenya:
- ABSA Umbrella Retirement Benefits Fund
- Amana Umbrella Pension Scheme
- APA Life Umbrella Retirement Fund
- British American Insurance Umbrella Retirement Fund
- CIC Umbrella Retirement Benefits Scheme
- CICAM Umbrella Retirement Fund
- Co-optrust Investment Retirement Benefits Scheme
- County Pension Fund
- County State Officers (Umbrella) Pension Fund
- Cytonn Umbrella Retirement Benefits Scheme
- Enwealth Umbrella Fund
- Equity Umbrella Retirement Fund (Provident Section)
- Equity Umbrella Retirement Fund (Pension Section)
- Fusion Umbrella Retirement Benefits Scheme
- GenAfrica Kivuli Umbrella Provident Fund
- ICEA Lion Umbrella Retirement Benefits Scheme
- ICEA Lion Guaranteed Umbrella Fund
- Jubilee Financial Services Limited Umbrella Fund
- Kenindia Umbrella Provident Fund
- Kenya Orient Umbrella Pension Fund
- Kivuli Umbrella Fund
- KUSSCO Mutual Umbrella Retirement Benefits Scheme
- KUZA Umbrella Retirement Benefits Fund
- Liberty Life Boresha Maisha Umbrella Fund
- Liberty Life Umbrella Pension Fund
- Madison Umbrella Retirement Benefits Scheme
- Minet Kenya Umbrella Retirement Fund
- Mwavuli Pension Fund
- NCBA Umbrella Retirement Benefits Scheme
- Ngao Umbrella Pension Scheme
- NTISL Umbrella Retirement Benefits Scheme
- Octagon Umbrella Retirement Benefits Scheme
- Old Mutual Umbrella Retirement Benefits Scheme
- Pioneer Umbrella Retirement Fund
- Prudential Umbrella Retirement Benefits Scheme
- Sanlam Umbrella Retirement Fund
- Suluhu Umbrella Scheme
- Takaful Umbrella Fund
- The Jubilee Insurance Umbrella Scheme
- The Kenyan Alliance Insurance Company Limited Umbrella Scheme
- The Monarch Umbrella Retirement Fund
- UAP Umbrella Retirement Benefits Scheme
- WASPA (Umbrella) Pension Fund
- Zamara Fanaka Retirement Fund (Provident Section)
- Zamara Fanaka Retirement Fund (Pension Section)
Retirement Benefits Authority (RBA) Contact Details
For inquiries, complaints, or verification regarding umbrella pension schemes, you can contact the RBA through the following:
- Address: Rahimtulla Tower, 13th Floor, Upper Hill Road, Opposite UK High Commission, Nairobi, Kenya
- Phone: +254 20 280 9000
- Toll-Free Number (Safaricom): 0800 720 300
