Good governance remains central to the strength and sustainability of the Banki Kuu Pension Scheme 2012 (DC) and CBK Pension Fund (DB). The Schemes recently marked a key leadership milestone, celebrating outgoing Trustees while welcoming a new Board to guide the future.

Key Highlights

1. Farewell to Outgoing Trustees
   A farewell dinner held by the pensions secretariat on April 2, 2026, at Nairobi Serena Hotel honoured the dedication and service of outgoing Trustees, whose leadership significantly strengthened governance, safeguarded members’ benefits, and supported long-term growth.

2. Welcome to the New Board of Trustees
   Newly elected and appointed Trustees bring fresh perspectives and renewed energy.

   • DC Board Chairperson: Ms. Patricia Kiwanuka (elected March 18, 2026)

   • DB Board Chairman: FCPA Dr. Julius Muia (elected March 31, 2026)
     The full Boards comprise experienced professionals committed to strong oversight and strategic direction.

3. Strengthened Governance and Leadership Continuity
   The transition reflects a balance between continuity and renewal, ensuring sustained focus on performance, accountability, and member value.

4. Trustees’ Fiduciary Responsibilities
   In line with the Retirement Benefits Act and RBA Good Governance Guidelines (2018), Trustees are committed to:

   • Acting in the best interests of members and beneficiaries

   • Exercising prudence, care, and professional judgment

   • Ensuring regulatory compliance and sound governance

   • Overseeing prudent investment and service providers

   • Maintaining transparency, accountability, and accurate reporting

5. Member Engagement and Access to Information
   Members are encouraged to stay informed on governance matters by visiting the CBK Pensions Website (Scheme Overview section) for updates and details on the Board of Trustees.

This transition reinforces the Schemes’ commitment to strong governance, transparency, and the effective stewardship of members’ retirement benefits.