Family Bank listing lifts Laptrust from RBA breach

CPF Group director strategy, finance and investments Joseph Rono during a media breakfast at Sarova Panafric on January 29, 2021.

Photo credit: File | Nation Media Group

Local Authorities Pension Trust (Laptrust) has returned to regulatory compliance after the listing of Family Bank Kenya Limited on the Nairobi Securities Exchange (NSE) cut its exposure in unquoted investments to below the five percent ceiling.

The defined benefit scheme, which stopped admitting new members in June 2011, had exceeded the Retirement Benefits Authority (RBA) cap of five percent on unquoted assets at the end of December 2025, with exposure standing at 8.19 percent of its Sh28.17 billion investment portfolio.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.