NAIROBI, Kenya- CPF Financial Services has rolled out the Taifa Pension Fund, a new pension scheme designed for Kenyans traditionally left out of retirement planning—especially those in the informal sector.
Managed by Standard Investment Bank, this scheme aims to bridge the pension gap for Kenya’s workforce without traditional retirement plans, offering flexibility and diversified investment opportunities.
The Taifa Pension Fund brings retirement planning within reach for both private and public sector employees who lack formal pension schemes.
With a structure that allows employers to pool resources, it reduces administrative costs per member, offering a more affordable option for participating organizations.
The fund provides exposure to global markets, high returns, and diverse investment opportunities, setting it apart as an inclusive and accessible retirement solution.
CPF Group’s Managing Director and CEO, Hosea Kili, emphasized that the Taifa Pension Fund reflects CPF’s commitment to financial security for all Kenyans.
“Our decades of experience in the financial sector have equipped us with the expertise to develop a pension solution accessible to all Kenyans,” said Kili.
He noted that Taifa Pension Fund aligns with CPF’s broader mission of promoting long-term financial wellness, especially for the over 13.9 million Kenyans without retirement savings.
The launch of Taifa Pension Fund couldn’t be timelier, with statistics from the Kenya National Bureau of Statistics showing that a staggering portion of Kenya’s workforce remains unpensioned.
With options that serve everyone from gig workers to salaried employees in SMEs, Taifa Pension Fund is well-positioned to offer retirement security to a wide demographic.
By targeting these underserved groups, CPF Financial Services is taking a bold step towards building a financially secure future for Kenya’s workers.
In a market where retirement planning often excludes informal workers, Taifa Pension Fund’s arrival signifies a promising shift.
