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{
    "id": 305012,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/305012/?format=api",
    "text_counter": 565,
    "type": "speech",
    "speaker_name": "Mr. Githae",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 159,
        "legal_name": "Robinson Njeru Githae",
        "slug": "robinson-githae"
    },
    "content": " Thank you, Mr. Temporary Deputy Speaker, Sir. The other amendment is on retirement schemes. They are important, and through them, coverage of savings for retirement can be achieved. To strengthen governance, encourage Kenyans to save and promote their growth, I have proposed to amend the Retirement Benefits Act to bar individual retirement benefits schemes from appointing corporate trustees related to their sponsors. Again, we want to make sure that the retirement benefits schemes are independent. We do not want the sponsor to also provide the services of trustees, because in this way, the independence will be lost."
}