Britam’s Head of Financial Advisors Network Joseph Waithaka, Group Managing Director Tom Gitogo, and Britam Life General Manager Business Development Dennis Mworia celebrate winning the Life Company of the Year Award 2023 for the 17th consecutive year at the Annual Association of Kenya Insurers Awards 2023. [Courtesy]

Britam Asset Managers Kenya has unveiled a multi-employer retirement benefits scheme targeting small medium enterprises (SMEs).

The scheme called Ngao Umbrella Pension Scheme will pool funds from various employers and manage them collectively to ensure its members benefit from retirement savings.

By joining this scheme, businesses can bypass the complex and often costly process of registering a stand-alone retirement benefits scheme which is particularly advantageous for SMEs as they may find the registration requirements tedious.

The scheme’s structure as a segregated provident fund allows companies to easily join and adhere to its rules for the provision of retirement benefits to their employees.

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