The 629 former employees were members of Standard Chartered Kenya Pension Fund, established in 1975 as a defined-benefit scheme, or the staff retirement benefits scheme.
By
Joseph Wangui
Correspondent
Nation Media Group
The High Court has ordered a fresh assessment of legal costs after a tribunal slapped Standard Chartered Bank Kenya with a Sh709 million bill for a case concerning underpaid pension benefits claimed by 629 former employees.
A letter to trustees by RBA chief executive officer Charles Machira dated June 15 directed the review of the claims to assess…
'We have been complying fully with that. We do not expect any further provisions with respect to the 629 claimants.'
The scheme also sought a stay of execution, saying the 90-day period granted by the RBA was likely to expire before the appeal…
Standard Chartered Bank's appeal to strike out a 1MDB-linked lawsuit has been dismissed, allowing the case to proceed to a…
The Supreme Court quashed a 23-year-old criminal complaint against Standard Chartered Bank. This decision provided relief to the…
A retired financial adviser’s bid to overturn a CCMA ruling on his contract renewal with Standard Bank has been dismissed.
