Enwealth Pension Fund Members Earn 18pc Return as Assets Rise to Sh1.2 Billion
Members of the Enwealth Umbrella Fund earned a net return of 18.05 percent in 2025 as the retirement scheme recorded growth in assets, membership and contributions amid rising uptake of the NSSF Tier II opt-out programme. The fund’s net assets increased by 12 percent to Sh1.185 billion in 2025, up from Sh1.056 billion the previous [...] The post Enwealth Pension Fund Members Earn 18pc Return as…
The Enwealth Umbrella Fund pension members witnessed an 18.05 percent net return in 2025, as the retirement scheme experienced growth in assets, membership and contributions. The fund's net assets surged by 12 percent to Sh1.185 billion, up from Sh1.056 billion the previous year. Total contributions climbed to Sh205.3 million, marking a significant increase from earlier years.
The fund's assets have expanded more than six-fold over the past five years, climbing from Sh196 million in 2021. Membership also rose by 28 percent to 1,762 in 2025, with small and medium-sized enterprises (MSMEs) playing a vital role in the growth. The increasing participation in the NSSF Tier II opt-out arrangement contributed to the fund's expansion, with contributions from this program rising sharply to Sh30.62 million in 2025 from Sh1.82 million in 2023.
As highlighted during the fund's Annual General Meeting, Enwealth expects the growth in assets and income to continue into 2026, amidst a challenging global economic environment. Factors such as oil price volatility, inflation, trade, and financial market risks from geopolitical tensions, including the conflict in the Middle East, could impact the fund's performance. However, the domestic economy might face risks from weather conditions, such as anticipated El Niño effects on agricultural production and food prices.
Despite these challenges, Enwealth has increased its investment in digital services to make it easier for MSMEs and their employees to join and manage their retirement savings. The newly developed online onboarding platform for the NSSF Tier II opt-out programme simplifies the process and integrates retirement savings with gratuity, AVCs, and PRMF options.
Members can access their pension statements, retirement planning tools, and benefit projections through the online portal while updating personal information and beneficiary details digitally. This digital transformation aids in attracting more workers in both formal and informal sectors to participate in retirement savings schemes.
Written by urgent.news from KahawaTungu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
