Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 800430,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/800430/?format=api",
    "text_counter": 250,
    "type": "speech",
    "speaker_name": "Sen. Farhiya",
    "speaker_title": "",
    "speaker": {
        "id": 13179,
        "legal_name": "Farhiya Ali Haji",
        "slug": "farhiya-ali-haji"
    },
    "content": "Okay. Madam Temporary Speaker, I still have some contributions to make. Could I ask for your indulgence to give me some more minutes because this is where money is concerned and it is so sensitive? There is also Part IV, that is, Clause 22(2)(d) which states- “The fund manager shall, in addition to the duties prescribed under the Retirement Benefits Act- (d) Provide regular information on investment strategy, market returns and other performance indicators to the Board;” On this one, to say “regular” is not good enough. It should provide the specific time. For example, I will recommend at least four times in a year the way the meetings are. Each meeting should provide that information. Otherwise, the investment managers will go into slumber and you will never realise. That way, the members will lose their money. I am also going to bring all these amendments anyway. I am just giving feedback so that the Committee starts thinking about them. Clause 23(2)(c) states- “The custodian shall in addition to the duties prescribed under the Retirement Benefits Authority- (c) receive and keep in safe custody the title documents, securities and monies of the scheme in trust for the members and beneficiaries.” I propose we also include interests and any other investment income. That needs to be included. Otherwise, people might pocket that money. In the same Clause, there is a provision which says: “Provide reconciliation on a regular basis.” The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}