Pensions & Asset Management

Sector overview

Trustees and fund managers carry long-dated promises in markets that move quickly. We support investment-policy compliance, trustee governance, and the reporting that regulators and members increasingly expect.

Key regulators

5 tracked

Retirement Benefits Authority (Kenya)

Uganda Retirement Benefits Regulatory Authority

Capital Markets Authority (Kenya)

Capital Markets and Securities Authority (Tanzania)

Capital Market Authority (Rwanda)

What we cover

Focus areas for Pensions & Asset Management.

01

Investment-policy compliance

Asset-allocation limit monitoring and breach reporting across every mandate.

02

Trustee governance

Board evaluations, trustee training and conflict-of-interest frameworks.

03

Member protection

Contribution remittance tracking, member communication and complaints handling.

04

Custody & operations

Custodian oversight, reconciliation controls and operational-risk registers.

Regulatory radar

Recent developments across the region.

Market Intelligence

Oct 2025

Kenya · National Treasury / CMA / CBK medium impact enacted

Virtual Asset Service Providers Act, 2025

Introduces a licensing and supervisory regime for virtual asset service providers, including AML/CFT obligations such as the travel rule. Banks and payment providers dealing with VASPs need updated risk assessments.

Aug 2025

Kenya · Central Bank of Kenya high impact effective

Risk-based credit pricing anchored on the KESONIA benchmark

The revised risk-based credit pricing model requires variable-rate loans to be priced off the Kenya Shilling Overnight Interest Average (KESONIA) plus a disclosed premium, with transition timelines for existing facilities and new disclosure obligations.

Jan 2025

Ethiopia · Ethiopian Capital Market Authority medium impact effective

Ethiopian Securities Exchange begins trading

The launch of the Ethiopian Securities Exchange, under a new capital-markets regulator, opens listing, disclosure and market-conduct obligations for issuers and intermediaries.

Dec 2024

Kenya · Central Bank of Kenya high impact enacted

Minimum core capital for banks rising to KSh 10 billion by 2029

Amendments to the Banking Act raise the minimum core capital for commercial banks in phases from KSh 1 billion to KSh 10 billion by 2029. Smaller banks face capital raises, mergers or new strategic investors, and boards need a credible, phased capital plan.

Practices that support you