A group of 629 former employees of Standard Chartered Bank Kenya are escalating their two-decade pension dispute by filing a complaint with the UK’s Financial Conduct Authority (FCA).

• The retirees accuse Standard Chartered of concealing liabilities despite repeatedly losing in Kenyan courts.
• The bank only booked a Sh7 billion provision after the Supreme Court’s September 5, 2025 judgment.
• The complaint seeks an inquiry into whether Standard Chartered failed to truthfully disclose pension risks in past financial reports.
• The Supreme Court affirmed that the bank unlawfully shifted pensioners from a Defined Benefit to a Defined Contribution scheme in 1999 and diverted over Sh1.1 billion.
• The non-629 members, also claiming disadvantage from the 1999 scheme changes, remain excluded from compensation.