ADVOKS GLOBAL · KENYA
Retirement Benefits Act
26. Requirements with regard to trustees
Edition: 2025-06-20 · In force
26. Requirements with regard to trustees
(1)Every scheme, other than a scheme established by a written law shall be established under an irrevocable trust.(2)No person shall be a trustee of any scheme fund if such person—(a)has been sentenced to imprisonment by a court of competent jurisdiction for a period of six months of more;(c)was previously involved in the management or administration of a scheme which was deregistered for any failure on the part of the management or the administration thereof;(d)is disqualified under any other written law, or his holding office as such is deemed by the Authority as being, in any way, detrimental to the scheme; or(e)does not comply with the guidelines or practice notes issued by the Authority.(3)Not withstanding the provisions of subsection (2), the appointment of any person as a trustee shall be subject to approval by the Authority.