This is the version of this Legal Notice as it was from 12 June 2009 to 30 December 2022. Read the latest available version.
The Retirement (Administrators) Regulations, 2007
Related documents
- Is amended by 24th Annual Supplement

LAWS OF KENYA
RETIREMENT BENEFITS ACT
THE RETIREMENT (ADMINISTRATORS) REGULATIONS, 2007
LEGAL NOTICE 151 OF 2007
- Published in Kenya Gazette Vol. CIX—No. 55 on 10 August 2007
- Commenced on 10 August 2007
- [Amended by Retirement Benefits (Administrators) (Amendment) Regulations, 2010 (Legal Notice 87 of 2010) on 12 June 2009]
1. Citation
These Regulations may be cited as the Retirement (Administrators) Regulations, 2007.2. Interpretation
In these Regulations, unless the context otherwise requires -"administration services" means administration of the affairs of the scheme in accordance with the provisions of the Act and regulations, scheme trust deed and rules, any other relevant legislation in force, other legal documents related to the scheme and instrument of appointment of the administrator;"administrator" means a person appointed by trustees to administer a scheme in accordance with the terms and conditions of service specified in the instrument of appointment.3. Application
4. Registration of administrators
5. Qualifications of natural persons appointed to be administrators
A natural person rendering administration services shall be academically and professionally qualified in matters relating to insurance, law, accounting, actuarial science, economics, banking, finance, investment of scheme funds or has more than five years experience in matters relating directly to pensions and administration of schemes.5A. Disqualification of Administrators
No person shall be appointed as the administrator of a scheme if that person is related to the fund manager of the scheme.[LN 187 of 2010, s. 2.]6. Agreement in respect of administration
7. The role of the administrator
8. Termination of agreement
9. Opening of trust account
10. Processing, controls and systems
11. Compliance with Regulations
12. Transition
Where, at the commencement of these Regulations, an arrangement and an administrator is administering a scheme under an existing arrangement which does not comply with these Regulations, the administrator shall, after having obtained approval and registration by the Authority, enter into a new agreement which complies with these Regulations with each scheme within six months from date of commencement or such time as the Authority may by notice direct.History of this document
31 December 2022
Revised by
24th Annual Supplement
Read this version