Updated List of Registered Individual Pension Plans (IPP) in Kenya

Planning for retirement is a critical step in securing your financial future, and in Kenya, Individual Pension Plans (IPP) are a key way for individuals to save for retirement. These plans provide flexibility and allow individuals to contribute at their own pace, benefiting from tax advantages and wide investment options. IPPs are available to employed, self-employed, and informal sector workers who want to ensure a secure future.

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Registered and regulated by the Retirement Benefits Authority (RBA), IPPs offer a safe way to build retirement savings while enjoying certain tax reliefs. This guide provides an updated list of all registered IPPs in Kenya, helping you make an informed choice about where to invest your retirement funds.

Understanding Registered Individual Pension Plans (IPP) in Kenya

Registered Individual Pension Plans (IPP) are personal retirement savings accounts that give individuals full control over their contributions and investment choices. These plans are regulated by the Retirement Benefits Authority (RBA), which ensures that pension providers comply with the law and protect members’ savings.

Key benefits of IPPs include:

Tax relief: Contributions to your IPP may be eligible for tax relief up to a set limit, reducing your tax burden.
Flexible contributions: You can decide how much to contribute, based on your income and financial goals.
Investment options: IPPs offer a range of investment opportunities such as bonds, equities, and fixed-income securities.
Withdrawal terms: These plans offer flexible withdrawal terms, ensuring that you have access to your funds when you retire.

List of Registered Individual Pension Plans in Kenya

Below is a comprehensive list of all registered individual pension plans in Kenya, as provided by the Retirement Benefits Authority:

No.	Registered Individual Pension Plan
1	ABSA Individual Pension Fund
2	Amana Personal Pension Plan
3	APA Life Assurance Limited Individual Retirement Benefits Scheme
4	Benefits At Work Personal Pension Scheme
5	Blue MSMEs Jua Kali Individual Retirement Benefits Scheme (Mbao Pension Plan)
6	Britam Individual Pension Plan
7	Britam Individual Provident Fund
8	Chancery Personal Pension Plan
9	CIC Jipange Personal Pension Plan
10	CPF Individual Pension Scheme
11	Cytonn Personal Retirement Benefits Scheme
12	Dry Associates Personal Provident Plan
13	Enwealth Diaspora and Expatriates Retirement Fund
14	Enwealth Personal Pension Scheme
15	Equity Individual Savings and Retirement Plan
16	Fahari Retirement Plan
17	GA Life Personal Pension Plan
18	GA Life Personal Provident Plan
19	Geminia Personal Pension Plan
20	Genafrica Hifadhi Personal Pension Scheme
21	Genafrica Hifadhi Personal Provident Scheme
22	Gencap Individual Pension Plan
23	ICEA Lion Individual Retirement Benefits Scheme
24	Jistawishe Personal Pension Plan
25	Jubilee Insurance Personal Pension Plan
26	Jubilee Life Personal Provident Fund
27	Kenbright Individual Provident Fund
28	Kenindia Assurance Personal Pension Plan
29	Kenya National Entrepreneurs Saving Trust
30	Kenya Orient Individual Pension Plan
31	Kilele Personal Retirement Benefits Scheme
32	KUSCCO Mutual Individual Retirement Benefits Scheme
33	KUZA Individual Pension Plan
34	Liberty Life Boresha Maisha Individual Pension Plan
35	Liberty Life Boresha Maisha Individual Provident Plan
36	Madison Insurance Personal Pension Plan
37	Mafao Fund
38	Mayfair Individual Pension Plan
39	Mercantile Personal Provident Fund Scheme
40	Minet Individual Pension Plan
41	Mwanariadha Pension Plan
42	Mwavuli Individual Pension Plan
43	NCBA Investment Bank Individual Pension Plan
44	NTISL Personal Pension Plan
45	Octagon Personal Pension Scheme
46	Old Mutual Individual Retirement Benefits Scheme
47	Prudential Individual Retirement Benefits Scheme
48	Qijito Personal Pension Plan
49	Sanlam Life Personal Pension Plan
50	Sportpesa Staff Pension Scheme
51	Heritage AII Individual Retirement Benefits Scheme
52	Kenya Alliance New Life Individual Retirement Benefits Scheme
53	Monarch Personal Pension Plan
54	UAP Life Assurance Individual Retirement Benefits Plan
55	Ustawi Personal Pension Plan
56	Wakili Personal Retirement Benefits Scheme
57	Zamara Vuna Pension Plan
58	Zimele Guaranteed Personal Pension Plan
59	Zimele Personal Pension Plan

Benefits of Joining Registered Individual Pension Plans in Kenya

There are several advantages to joining a registered Individual Pension Plan in Kenya:

Tax Advantages

One of the key benefits of an IPP is the tax relief available on contributions. You can enjoy tax deductions up to a specific limit, which helps reduce your overall tax burden while allowing you to grow your retirement savings.

Flexible Contributions

IPP schemes offer flexibility in contributions, allowing you to decide the amount and frequency based on your financial situation. This makes IPPs suitable for both salaried employees and self-employed individuals.

Wide Investment Choices

Registered IPPs offer a variety of investment options, such as equities, bonds, and fixed-income securities, giving you the opportunity to diversify and grow your retirement savings over time.

Retirement Benefits Authority Contact Information

For more information about Individual Pension Plans or to confirm the status of a pension plan, you can reach the Retirement Benefits Authority through the following contact details:

Address: Rahimtulla Tower, 13th Floor, Upper Hill Road, Opposite UK High Commission
Phone: 020 280 9000 / Toll-Free: 0800720300 (Safaricom)

Bottom-Line

Registered Individual Pension Plans (IPP) in Kenya provide a safe, flexible, and tax-efficient way to save for retirement. With a wide range of licensed providers to choose from, you can select the plan that best suits your financial goals and retirement needs. Be sure to choose an IPP that is registered with the Retirement Benefits Authority to ensure that your savings are protected and that you receive all the benefits offered.