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{
    "id": 810726,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/810726/?format=api",
    "text_counter": 274,
    "type": "speech",
    "speaker_name": "Kiminini, FORD-K",
    "speaker_title": "Hon. Chrisantus Wakhungu",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "I want to look at the responsibilities of a fund manager in this Bill. He is responsible for implementing the investment policy. We have seen in many cases where there are investments but there are no returns. They get sunken. So, you should have a fund manager whose responsibility is to ensure that he maximises the returns of the investments, so that when a person retires, he is assured of that return. I am happy about the provisions of a custodian who will be in charge of the receivables. We have had conflicts of interest when a fund manager is in charge of the receivables and investments. When we separate the fund manager and the custodian, we minimise the risk of the conflict of interest."
}