Planning for retirement is one of the most important financial decisions you will ever make. While many people choose to receive a lump sum or an annuity, income drawdown funds offer another flexible option.
These funds allow you to withdraw a steady income from your pension while keeping the balance invested for future growth. In Kenya, the Retirement Benefits Authority (RBA) regulates and registers these funds to protect retirees.
Below is a detailed guide on the List of Registered Income Drawdown Funds in Kenya and how they work.
Understanding Registered Income Drawdown Funds In Kenya
An income drawdown fund gives retirees access to their savings in a flexible and controlled manner. Instead of cashing out everything at once, you can withdraw small amounts over time. The remaining balance stays invested, which helps your savings continue to grow.
The Retirement Benefits Authority oversees these funds to ensure they are managed responsibly. This means retirees can have peace of mind knowing their money is under regulated institutions.
Income drawdown funds also allow retirees to tailor withdrawals to suit their lifestyle and financial goals.
Benefits of Registered Income Drawdown Funds In Kenya
Income drawdown funds are becoming popular among Kenyan retirees. They offer several advantages:
- Flexibility – You can choose how much income to withdraw and when to access it.
- Investment growth – The remaining balance stays invested, offering potential growth.
- Control – You keep ownership of your pension savings while still enjoying a steady income.
- Regulation – RBA ensures funds follow strict rules to protect members.
This makes income drawdown funds a preferred option for retirees seeking both stability and growth.
Complete List Of Registered Income Drawdown Funds In Kenya
Here is the full list of funds currently registered and regulated by the Retirement Benefits Authority.
| Name of Fund | Founder/Sponsor |
|---|---|
| APA Life Assurance Income Drawdown Plan | APA Life Assurance Company Ltd |
| British-American Insurance Company (Kenya) Limited Income Drawdown Plan | Britam Life Assurance Company (K) Ltd |
| CICAM Income Drawdown Fund | CIC Asset Management Ltd |
| CPF Income Drawdown Fund | CPF Financial Services |
| Cytonn Income Drawdown Fund | Cytonn Asset Managers Ltd |
| Equity Income Drawdown Fund | Equity Life Assurance Kenya Limited |
| GENGIS DRAWDOWN FUND | Genghis Capital Ltd |
| ICEA LION Income Drawdown Fund | ICEA LION Assurance Company Ltd |
| ILAM Staafu Income Drawdown Fund | ICEA Lion Asset Management Limited |
| Jubilee Life Income Drawdown Fund | Jubilee Life Insurance Company Ltd |
| Kesho Hela Liberty Drawdown Fund | Enwealth Financial Services Ltd |
| Kuza Income Drawdown Fund | Kuza Asset Management Ltd |
| Liberty Life Income Drawdown Fund | Liberty Life Assurance (K) Ltd |
| Lofty-Corban Income Drawdown Fund | Lofty-Corban Investments Limited |
| Mavuno Tele Income Drawdown Fund | Kenindia Assurance Company Ltd |
| Milele Income Drawdown Fund | GenAfrica Asset Managers Ltd |
| Minet Kenya Income Drawdown Fund | Minet Kenya Financial Services Limited |
| Mwavuli Income Drawdown Fund | Wadhamini Fiduciary Services Ltd |
| Nawiri Income Drawdown Fund | Octagon Pension Services Limited |
| NCBA Income Drawdown Fund | NCBA Investment Bank Ltd |
| NTISL Income Draw Down Fund | Natbank Trustee & Investment Services Ltd |
| Prudential Income Drawdown Fund | Prudential Life Assurance (K) Ltd |
| Zamara Income Drawdown Fund | Zamara Actuaries Administrators and Consultants |
Retirement Benefits Authority Contact Information
If you need guidance on joining or managing an income drawdown fund, you can reach out to the Retirement Benefits Authority directly.
- Office Address: Rahimtulla Tower, 13th Floor, Upper Hill Road, Opposite UK High Commission
- Telephone: 020 280 9000
- Toll-Free Number: 0800 720 300 (Safaricom)
Final Thoughts
The Registered Income Drawdown Funds in Kenya give retirees a safe and flexible way to enjoy their savings. By keeping part of the pension invested, retirees can secure long-term income while benefiting from growth opportunities.
The Retirement Benefits Authority ensures that all listed funds operate within strict guidelines, giving retirees confidence and security. Choosing the right fund depends on personal needs, financial goals, and the level of income flexibility desired.
