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PCF planning caretaker fees frame for collapsed insurers
Auditor General Nancy Gathungu making a presentation during the 8th Public Finance Management (PFM) Conference on November 5, 2025, at the Grand Royal Swiss Hotel, Kisumu.
The Policyholders Compensation Fund (PCF) is preparing to introduce a framework for setting the statutory management fees on collapsed insurers after an audit revealed it currently lacks a clear and consistent mechanism for doing so.
Auditor-General Nancy Gathungu, in a latest audit report on PCF’s operations, pointed out that the fund lack of a policy for charging the fees for caretaker management, which may deny it some revenue.
