To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
RETIREMENT BENEFITS INDUSTRY CONFERENCEÂ
Date: 22nd – 24th July 2026
Time: 9:00am – 4:00pm
Venue: Virtual Delivery
OVERVIEW
The retirement benefits industry in Kenya is operating within an increasingly complex and demanding environment. Structural demographic changes, including increasing longevity and a growing retired population, are exerting pressure on scheme funding and benefit sustainability. At the same time, market volatility, inflation uncertainty and evolving investment landscapes are challenging traditional asset allocation strategies. Trustees and scheme management are required to balance long-term liabilities with short-term liquidity needs while maintaining prudence, transparency and regulatory compliance.
In parallel, the regulatory and professional expectations placed on pension schemes continue to expand. Actuarial valuations are subject to heightened scrutiny, funding shortfalls demand credible recovery plans, and financial reporting must faithfully reflect scheme solvency, investment performance and member entitlements. Emerging risks, particularly climate change, ESG stewardship obligations, cyber threats and data integrity issues are no longer peripheral considerations but central components of fiduciary duty.
Against this backdrop, ICPAK has developed this inaugural three-day training designed to move beyond theory and address the most difficult, practical challenges facing retirement benefit schemes. The programme is structured to equip trustees, finance teams and service providers with actionable tools to strengthen governance, improve funding decisions, align investments with liabilities, and respond effectively to emerging risks that threaten long-term member outcomes.
Additionally, the following topics will be discussed during the sessions:
| DAY | MODULE | TOPICS |
| DAY 1 | The Role of Accounting in Pension Governance and Fiduciary Oversight
 |
·        Position of the accountant within the retirement benefits ecosystem
·        How financial information supports trustee decision-making and accountability ·        Link between accounting, fiduciary duty and member protection ·        Regulatory expectations on financial stewardship of pension assets ·        Common financial reporting weaknesses observed in pension schemes
|
| Accounting for Pension Liabilities and Actuarial Valuations
 |
·        Relationship between actuarial valuation reports and financial statements
·        Accounting implications of actuarial assumptions (discount rates, inflation, mortality) ·        Treatment of surpluses and deficits in pension scheme accounts ·        Sensitivity analysis and disclosure of key actuarial judgments ·        Impact of funding position on going concern and financial sustainability assessments
|
|
| Preparation and Disclosure of Pension Scheme Financial Statements | ·        Application of IAS 26 and relevant IFRS requirements to pension schemes
·        Accounting for contributions, benefits payable and benefit payments ·        Investment income recognition and expense classification ·        Fair value measurement and disclosure requirements ·        Related party transactions, contingencies and subsequent events
|
|
| DAY 2 | Investment Accounting, Valuation and Performance Reporting | ·        Accounting treatment of listed and unlisted investments
·        Fair value hierarchy and valuation techniques for pension assets ·        Property, private equity and alternative investment accounting ·        Impairment considerations and income recognition ·        Reporting investment performance in financial statements and trustee reports
|
| Understanding the IFRS Sustainability Reporting Architecture | ·        The Need for Sustainability Reporting
·        Purpose and scope of IFRS S1 and S2 ·        Position of sustainability disclosures within general-purpose financial reporting ·        Relationship between IFRS Sustainability Standards and financial statements ·        Transition from voluntary ESG reports to regulated disclosures ·        Implications for preparers, trustees, and auditors
|
|
| General Requirements
 |
·        Sources of Guidance
·        Location of Disclosures ·        Timing of reporting ·        Comparative information ·        Statement of Compliance ·        Judgments, uncertainties & errors ·        Best practices in data collection ·        Building capacity within the organization ·        Transition Reliefs |
|
| DAY 3 | Identifying Material Sustainability-related Risks and Opportunities | ·        Definition of sustainability-related risks and opportunities under IFRS S1
·        Financial materiality vs impact materiality ·        Practical approaches to identifying material topics ·        Use of value chain analysis in materiality assessment ·        Documentation and governance of materiality judgments · |
| Selecting and Reporting Sustainability Metrics | ·        Principles for selecting appropriate metrics
·        Industry-based disclosures and use of SASB standards ·        Quantitative vs qualitative metrics ·        Data sources, assumptions, and estimation uncertainty ·        Ensuring consistency and comparability
|
|
| GHG Accounting | ·        Cross-industry climate metrics
·        Introduction to GHG Emissions ·        Climate-Related Financial Risk and GHG Emissions ·        GHG disclosure ·        GHG key concepts ·        GHG measurements ·        Disaggregation of GHG emissions.
|
TARGET AUDIENCE
This course will be useful to professional accountants and those aspiring the profession.
FINANCIAL INVESTMENTÂ
The conference charges are Ksh 15,000 per delegate for both members and non-members.
ONLINE BOOKING:
We call on seminar participants to note that booking is available only online at www.icpak.com/events.
Delegates are reminded to note that online booking for training sessions is MANDATORY.  This is available either online at www.icpak.com/events  or on the ICPAK Live – A smart phone-based application that is available from google store.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
