CONTACTS: +254 726879488 (Mobile)
+254770 455 116 (Office)
Taifa Pension Fund assets hit Ksh 903M as it marks 2nd AGM
Taifa Pension Fund is an umbrella pension scheme designed for employers. It is a defined contribution pension fund managed by Kenya’s largest administrator - CPF Financial Services. Taifa Pension Fund accepts NSSF Tier II statutory contributions and promises a wide range of benefits to both employers and employees.
By Monica MUEMA
The Taifa Pension Fund, an umbrella pension scheme administered by CPF Financial Services, has reported a net asset of KShs 903.82 million as of December 31, 2024, with members enjoying a net rate of return of 13.7%, compared to 3.9% in 2023.
The Fund closed the 2024 financial year with 833 registered members, up from 307 in 2023, a milestone that reflects growing confidence among employers and employees.
The Fund’s net assets stood at Kshs. 903.82 million as of December 31, 2024, with members enjoying a net rate of return of 13.7%, compared to 3.9% in 2023.
The Fund’s Administrator, CPF Financial Services, has been instrumental in driving this growth through innovations in efficiency and service delivery.
Employers transferring to Taifa Pension Fund now benefit from a quick onboarding process, completed in just one business day, while members enjoy optimal returns backed by expert investment and advisory support.
“Our strong performance underscores the confidence of members and sponsors in Taifa Pension Fund. We are proud to provide a reliable, inclusive, and professionally managed scheme that makes it easier for employers to meet their statutory obligations while ensuring sustainable retirement benefits for their employees,” said Dr. Hosea Kili, MBS, Group Managing Director/CEO, CPF Group.
He was speaking during the fund’s Second Annual General Meeting (AGM) held at the Kenyatta International Convention Centre (KICC).
He added,” With a strong governance framework, an increasing fund size, and a growing membership base, we are well-positioned to scale our impact across the region’s retirement benefits landscape.”
As Taifa Pension Fund continues to accept NSSF Tier II statutory contributions, it remains steadfast in its mission to provide reliable, affordable, and professionally managed pension solutions.
The Fund’s strategic priorities remain anchored on growth, resilience, innovation, and transparent governance, with a clear focus on attracting more employers from both the public and private sectors.