Nairobi, June 18 -- The Retirement Benefits Authority (RBA) has directed trustees of Standard Chartered Kenya Pension Fund to undertake an independent review of claims raised by a section of the bank's former employees who have asked to be compensated for past undervalued pensions.

They include over 500 former StanChart staff who were not part of a group of 629 colleagues who won a Sh2.4 billion tribunal suit against the lender for their undervalued dues.

The 629 former workers had argued that their lump sum dues were understated following a change in the bank's pension scheme from a defined benefit (DB) to a defined contributory (DC) scheme in 1999.

On September 5, 2025, the Supreme Court upheld earlier judgments at the Court of Appea...