Investment portfolio
PCKSPS
Investment Strategy
The Postal Corporation of Kenya Staff Pension Scheme (PCKSPS) is committed to protecting and growing members’ retirement savings through prudent investment management, sound governance, and portfolio diversification. Guided by the Retirement Benefits Authority (RBA) investment regulations and long-term sustainability objectives, the Scheme invests across a diversified mix of asset classes that balance capital preservation, income generation, liquidity, and long-term capital appreciation.
As at 30 June 2025, the Scheme managed assets worth approximately KSh 4.79 Billion, demonstrating continued financial resilience despite significant benefit payments made during the year.
Scheme Performance
The Scheme continues to meet its core objective of paying retirement and pension benefits to members while safeguarding the value of the Fund.
Highlights
- Fund Value (30 June 2025): KSh 4.785 Billion
- Benefits paid during FY2024/25: KSh 441.3 Million
- Monthly Pension Payroll: Approximately KSh 27 Million
- Benefits paid in previous financial year: Approximately KSh 450 Million
Fund Value Trend (2010–2025)
Scheme Fund Value
Growth of the Scheme Fund Value from 2010 to 2025.
The Fund experienced consistent growth during its early years, peaking above KSh 6 Billion, before moderating as the Scheme matured and retirement benefit payments increased. The Trustees continue implementing strategies that balance liquidity requirements with long-term investment returns.
Investment Portfolio Allocation
The Scheme maintains a diversified investment portfolio spread across property, government securities, equities, fixed deposits, offshore investments, and cash balances.
Investment Portfolio Distribution
Portfolio allocation as at 30 June 2025.
Cash Balances
Fixed & Call Deposits
Investment Property
Kenya Government Securities
Local & Regional Equities
Offshore Investments
The portfolio reflects the Scheme’s historical investment strategy, with property representing the largest allocation, complemented by government securities and diversified financial assets.
Property Portfolio
Real estate remains one of the Scheme’s major investment classes, comprising strategically located commercial and residential properties across Kenya.
| Property | Location | Market Value |
|---|---|---|
| Mombasa GPO | Mombasa | KSh 1.28 Billion |
| Lantana Maisonettes | Westlands, Nairobi | KSh 1.10 Billion |
| Ronald Ngala Building | Nairobi CBD | KSh 420 Million |
| Riverview Apartments | Kilimani, Nairobi | KSh 385 Million |
Total Property Portfolio: KSh 3.185 Billion
Future Investment Direction
To enhance portfolio performance and comply with RBA investment limits, the Trustees have initiated a strategic portfolio rebalancing programme that includes:
- Disposal of selected investment properties.
- Reinvestment into higher-yielding financial assets.
- Optimization of rental income through market-based rent reviews.
- Acquisition of modern technology to improve operational efficiency.
- Strengthening investment governance and portfolio diversification.
These initiatives are intended to improve liquidity, increase long-term returns, and ensure the continued sustainability of the Scheme for current and future pensioners.
Our Commitment
The Trustees remain committed to prudent financial management, transparency, and responsible investment practices. Every investment decision is guided by the objective of protecting members’ retirement benefits while delivering sustainable long-term growth through a diversified and professionally managed investment portfolio.
PCKSRBS
Investment Strategy
The Postal Corporation of Kenya Staff Retirement Benefits Scheme (PCKSRBS) is committed to safeguarding and growing members’ retirement savings through a prudent, diversified, and professionally managed investment strategy. Despite the challenges arising from unremitted sponsor contributions, the Scheme has continued to maintain a resilient investment portfolio, delivering sustainable returns while protecting members’ assets. As at 2025, the Scheme’s fund value stood at over KES 1.5 billion, reflecting continued growth and prudent financial stewardship.
Fund Value Trend (Since Inception)
The Scheme has continued to grow its asset base despite the challenges of unremitted sponsor contributions. Fund value increased steadily from KSh 571 million in 2011 to a peak of KSh 3.8 billion in 2020 before reducing following the impairment of interest on unremitted contributions in accordance with Section 53A of the Retirement Benefits Act. The Fund has since stabilized and stood at KSh 1.55 billion as at 30 June 2025.
PCKSRBS Fund Value Since Inception
Growth of Scheme assets from 2011 to 2025.
Investment Portfolio Allocation
The Scheme maintains a diversified investment portfolio designed to balance security, liquidity and long-term returns. The largest allocation is invested in Treasury Bonds (76.94%), providing stable income and capital preservation, followed by Local & Regional Equities (18.49%) for long-term growth. The remaining investments are held in corporate bonds, demand deposits, offshore investments and cash balances to support liquidity and diversification.
Investment Portfolio Allocation
Distribution of Scheme investments by asset class as at 30 June 2025.
Cash Balances
Corporate Bonds
Demand Deposits
Local & Regional Equities
Offshore Investments
Treasury Bonds
Investment Philosophy
Our investment strategy is guided by prudent governance, risk diversification and long-term value creation. By maintaining a balanced portfolio across government securities, equities, fixed-income instruments and liquid assets, the Scheme seeks to preserve capital while generating sustainable returns that secure members’ retirement benefits.