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Standard Chartered Bank Faces Contempt Claims in Pension Row
['Rodgers Oduor']
Ghetto Radio
In Summary:Standard Chartered accuses it of defying a Supreme Court ruling on pension benefits.
The group is demanding a fresh actuarial valuation, corrected communications, recalculation of balances with compounded returns.
Standard Chartered Bank Kenya is under fire from a group of retirees who accuse it of defying a Supreme Court ruling on pension benefits.
The Bank and Trustees have undermined the rule of law and betrayed the trust of pensioners,” they added.
The group is demanding a fresh actuarial valuation, corrected communications, recalculation of balances with compounded returns, and a members’ meeting to explain compliance.
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