Laptrust Ltd renamed County Pension Fund (CPF)
23 June 2014, 21:04
Nairobi – Laptrust (Local Authorities Pensions Trust) Limited, a retirement benefits schemes administrator, has announced the change of its name to County Pension Fund (CPF) due to diversification of its services to espouse different functions under a group of companies.
The CPF Managing Director, Hosea Kili said the renaming is in response to the adopted devolution process in the country’s governance hence need to reach both its members and prospective clients in all the 47 counties.
“We are pleased to announce that we now have branch offices in Kisumu, Eldoret, Mombasa, Nyeri and Garissa. This move is set to make service delivery more personalised and make it easier for our members to access our services at their doorstep,” said Kili.
Kili noted that by taking the CPF closer to all citizens in the counties, the Fund will be at the forefront in ensuring social security is a reality for its members, and to achieve permanent poverty reduction in the nation.
“It should be noted that only a change of company name has been effected. All other details and structure of the company remain the same. Laptrust wishes to advise all stakeholders, business partners and suppliers to take note of this change and revise their records accordingly,” stated Kili.
He added that CPF’s management of Laptrust Retirement Benefits Schemes consists of the CPF Financial Services Limited, the Laser Infrastructure and Technology Solutions (LITES) and Laser Property Services (LPS).
“Our growth coupled without stability has put us on an upward trajectory of financial success. Currently, CPF is worth over KES 24 billion up from KES 4 billion in 2007. This steady growth is projected to rise even faster with the diversification,” assured Kili.
Laptrust Manager further noted that the Fund has also extended its services to Juba in South Sudan.
He lauded and urged the company’s stakeholders and corporate partners to solidly commit and support Laptrust to further achieve its set goals following the transformation and diversification of its services.
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