Complete List Of Registered Umbrella Pension Schemes In Kenya

Saving for retirement is one of the most important financial decisions any employee or employer can make. In Kenya, many employers want their staff to enjoy the benefits of a pension scheme but do not wish to set up individual plans. The solution lies in umbrella pension schemes. These plans pool retirement savings from different employers into a single registered scheme. They offer employees better returns, while employers enjoy zero set-up costs, lower running costs, and less administrative burden.

Understanding Registered Umbrella Pension Schemes In Kenya

Registered Umbrella Pension Schemes In Kenya are regulated and approved by the Retirement Benefits Authority (RBA). These schemes allow different organizations, both large and small, to provide retirement benefits to their employees without the need to manage a stand-alone fund. Employers benefit because they transfer the compliance and management workload to professional fund managers. Employees benefit because their savings grow in well-managed investment portfolios. The result is a flexible, low-cost way to secure financial independence in retirement. The main features of umbrella pension schemes include:

Pooling of resources from multiple employers
Professional fund management
Reduced administration costs
Faster registration compared to stand-alone funds
Easy entry and exit for employers

Below is a detailed list of registered umbrella pension schemes in Kenya as approved by the RBA.

Comprehensive List Of Registered Umbrella Pension Schemes In Kenya

No	Umbrella Retirement Benefits Schemes
1	ABSA Umbrella Retirement Benefits Fund
2	Amana Umbrella Pension Scheme
3	APA Life Umbrella Retirement Fund
4	Britam Umbrella Pension Fund
5	Britam Umbrella Provident Fund
6	CIC Umbrella Retirement Benefits Scheme
7	CICAM Umbrella Retirement Fund
8	Co-optrust Investment Retirement Benefits Scheme
9	County Pension Fund
10	County State Officers Umbrella Pension Fund
11	Cytonn Umbrella Retirement Benefits Scheme
12	Dhamini Umbrella Fund
13	Enwealth Umbrella Fund
14	Equity Umbrella Retirement Fund Pension Section
15	Equity Umbrella Retirement Fund Provident Section
16	Fusion Umbrella Retirement Benefits Scheme
17	Geminia Umbrella Provident Fund
18	Genafrica Kivuli Umbrella Provident Fund
19	Genghis Umbrella Fund
20	Globetec Umbrella Retirement Benefits Scheme
21	HFC Umbrella Retirement Benefits Scheme
22	ICEALION Guaranteed Umbrella Fund
23	ICEALION Umbrella Retirement Benefits Scheme
24	Jubilee Financial Services Limited Umbrella Fund
25	Kenbright Umbrella Retirement Benefits Scheme
26	Kenindia Umbrella Pension Scheme
27	Kenindia Umbrella Provident Fund
28	Kenya Orient Umbrella Pension Scheme
29	Kivuli Umbrella Fund
30	KUSSCO Mutual Umbrella Retirement Benefits Scheme
31	KUZA Umbrella Retirement Benefits Fund
32	Liberty Life Boresha Maisha Umbrella Provident Fund
33	Liberty Life Umbrella Pension Fund
34	Lofty-Corban Umbrella Pension Fund
35	Madison Umbrella Retirement Benefits Scheme
36	Mayfair Umbrella Provident Fund
37	Minet Kenya Umbrella Retirement Fund
38	Mwavuli Pension Fund
39	NCBA Umbrella Retirement Benefits Scheme
40	Ngao Umbrella Pension Scheme
41	NTISL Umbrella Retirement Benefits Scheme
42	Octagon Umbrella Retirement Benefits Scheme
43	Old Mutual Umbrella Retirement Benefits Scheme
44	PenlifeTrust Umbrella Retirement Benefits Scheme
45	Pioneer Umbrella Retirement Fund
46	Prudential Umbrella Retirement Benefits Scheme
47	Qijito Umbrella Pension Plan
48	Sanlam Umbrella Retirement Fund
49	Suluhu Umbrella Scheme
50	Taifa Umbrella Pension Fund
51	Takaful Umbrella Fund
52	The Jubilee Insurance Umbrella Scheme
53	The Kenyan Alliance Insurance Company Limited Umbrella Fund
54	The Monarch Umbrella Retirement Fund

Why Employers Prefer Registered Umbrella Pension Schemes In Kenya

Employers in Kenya find umbrella pension schemes attractive because they eliminate the heavy cost and paperwork of setting up private schemes. Companies, including small and medium enterprises, can join an umbrella fund with minimal requirements. This makes it possible for businesses of all sizes to provide quality retirement benefits to their staff. Employers also enjoy the tax benefits that come with contributions to umbrella schemes. These contributions are tax deductible, which lowers overall payroll costs while supporting employee financial security.

Why Employees Benefit From Registered Umbrella Pension Schemes In Kenya

Employees gain peace of mind knowing that their retirement savings are handled by professional managers. Since umbrella schemes pool contributions, the investments are larger and more diverse. This improves the chances of better returns over time. The reduced costs mean more of the employees’ money goes directly into their retirement savings. Portability is another advantage. If an employee changes jobs, they can carry their pension benefits to another scheme without losing their contributions.

How To Contact The Retirement Benefits Authority

For verification or inquiries about Registered Umbrella Pension Schemes In Kenya, employees and employers can reach out to the Retirement Benefits Authority. Address Rahimtulla Tower, 13th Floor, Upper Hill Road, Opposite UK High Commission Phone 020 280 9000 Toll-Free No: 0800720300 (Safaricom)