Finnet Trust Services Secures RBA Registration as Corporate Trustee

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Finnet Trust Services Limited (FTS), a subsidiary of Finnet Nexus Group, has been formally registered as a Corporate Trustee by the Retirement Benefits Authority (RBA), marking a significant milestone in the company’s expansion within Kenya’s retirement benefits industry.

The registration was granted on August 20, 2026, and took effect on August 21, 2026, under the Retirement Benefits Act and the Retirement Benefits (Corporate Trustees) Regulations.

The RBA has issued Finnet Trust Services with a Certificate of Registration as a Corporate Trustee under Certificate No. RBA/1/16/010, Registration No. CT010, Form II, Serial No. 019.

The approval formally authorises FTS to provide corporate trustee services to occupational schemes, umbrella schemes, individual pension plans and income drawdown funds.

The company said the registration provides independent regulatory recognition of its governance structures, capital, systems and fiduciary arrangements developed since its establishment.

For members, retirement benefit schemes and business partners, the registration is expected to provide greater confidence in the company’s ability to operate within a regulated framework focused on governance, accountability and responsible stewardship of retirement savings.

Finnet Trust Services Chief Executive Officer Godwin Kibet Simba said the registration validates the standards the company has established since inception.

“This registration is an important endorsement of the standards we have worked to establish since inception. Our commitment to strong governance, accountability and responsible fiduciary stewardship has always been at the heart of our business,” Simba said.

He added that the RBA registration should be viewed as a formal validation of the company’s existing governance and operational standards rather than a change in its approach.

“The RBA registration formally validates that foundation. It is validation, not transformation — our standards did not change on 20 August; they are now endorsed by Kenya’s pensions regulator,” he said.

FTS said it will continue to focus on providing professional, transparent and responsible trustee services while meeting the regulatory requirements applicable to RBA-registered corporate trustees.

The company operates under Finnet Nexus Group, an integrated East African pension, governance and wealth-management group whose subsidiaries include Finnet Institute, Finnet Insurance Agency, Finnet Capital, Finnet Technologies, the Executive School of Governance & Management (ESGM) and Finnet Foundation.

According to the company, the group maintains a “Trust-Capital Wall” intended to safeguard trustee independence from capital and investment activities undertaken elsewhere within the group.

FTS said the arrangement ensures that the interests of pension scheme members and beneficiaries remain central to trustee decisions.

As part of its regulatory obligations, the company will be required to submit annual audited financial statements, maintain an updated register of directors and top management, report changes in shareholding, directorship or top management within 30 days, and pay prescribed regulatory fees within the timelines set by the RBA.

The obligations will be overseen by the company’s Company Secretary and Head of Legal and Compliance, with compliance requirements tracked through the group’s Compliance Calendar.

The company said the registration marks another step in its efforts to strengthen trust, governance and accountability within Kenya’s retirement benefits sector.

FTS will now seek to build on its regulatory standing by serving retirement benefit schemes, members and other stakeholders while maintaining the fiduciary responsibilities expected of an RBA-regulated Corporate Trustee.