Enwealth Umbrella Fund Posts 18.05pc Net Return to Members

• Enwealth Umbrella Fund delivers 18.05% net return to members,growth momentum continues into 2026;
• Strong investment performance, rising membership and NSSF Tier II uptake position Fund for further growth amid a changing economic environment;

Members of the Enwealth Umbrella Fund earned a strong net return of 18.05% in 2025, as the Fund continued to grow and attract more employers and savers, providing a strong foundation for further expansion in 2026.

The return represents a strong investment outcome and demonstrates the Fund’s ability to generate competitive returns for members while navigating a mixed economic environment.

During the Fund’s Annual General Meeting held on Friday,the Fund maintained a strong positive growth outlook for 2026 in terms of the size and income.

Significant inflows continuing through the NSSF Tier II opt-out, largely driven by the onboarding of micro, small and medium-sized enterprises (MSMEs).

The outlook comes against a changing global and domestic economic environment.The conflict in the Middle East could weigh on global economic activity through its impact on oil prices,inflation,trade and financial markets, while anticipated El Niño conditions could affect agricultural production,food prices and broader economic activity.

 In Kenya, the shilling is expected to remain relatively stable against the US dollar, supported by strong diaspora remittance inflows.

Enwealth says its fund managers will continue to monitor these developments and manage the Fund through diversification and prudent risk management.

The Fund’s net assets increased by 12 per cent, from Sh1.056 billion in 2024 to Sh1.185 billion in 2025 while total contributions reached Sh205.3 million.

The growth forms part of a significant five-year growth with the fund growing more than six-fold from KSh196 million in 2021.

Total membership increased by 28 per cent to 1,762 members in 2025, from 1,374 in 2024. A key driver has been the NSSF Tier II opt-out, particularly among MSMEs.

NSSF Tier II contributions rose from KSh1.82 million in 2023 to KSh30.62 million in 2025. In 2025, Tier II contributions accounted for approximately 15 per cent of total contributions. 

The momentum has continued into 2026, with significant inflows recorded as the Fund continues to attract more MSMEs.

Enwealth has made significant investments in technology to transform pension administration and enhance the member experience,with innovations designed to make retirement savings more accessible,enhance transparency, efficiency and convenience.

These include digital onboarding for MSMEs under the NSSF Tier II opt-out, with integrated modules for Gratuity, Additional Voluntary Contributions (AVCs), and Post-Retirement Medical Fund (PRMF).

The online member portal further gives members real-time access to their statements, retirement tools and benefit projections, bio data and beneficiary updates,enabling them to track and better plan for their retirement savings.

With continued inflows,a growing membership base and strong investment performance,Enwealth remains focused on growing the retirement savings pool and delivering sustainable long-term value to members.

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