The trustees of the Standard Chartered Kenya Pension Fund have obtained orders freezing a directive by the Retirement Benefits Authority (RBA) requiring them to review claims by a section of the bank's former employees over allegedly undervalued pensions.
The claimants include more than 600 former Standard Chartered employees who were not part of a group of 629 colleagues who won a Sh2.4 billion award at the Retirement Benefits Appeals Tribunal (RBAT) after successfully challenging the listed lender over undervalued pensions.
