The Retirement Benefits Authority (RBA) has renewed the operating license for KUSCCO Mutual Assurance Limited, permitting it to continue managing pension schemes.

• KUSCCO Mutual Assurance Limited was listed among over 30 approved administrators on February 28.
• The renewal occurs amidst an ongoing investigation into alleged financial mismanagement at its parent organization, Kenya Union of Savings and Credit Co-operatives (KUSCCO), which reportedly lost approximately Sh15 billion.
• Despite the scandal, KUSCCO Mutual Assurance remains authorized to operate.