News & Notices

BUDGET MEMORANDUM PROPOSALS FOR 2011

By: Yours, sincerely Edward            2010-12-30

Retirement Benefits Authority Ref: RBA/EXE/ 108 December 7, 2010 Nguru Wachira Chairman The Institute of Certified Securities And Investment Analyst (ICSIA). KASNEB Towers, Upper Hill NAIROBI Dear Wachira RE: BUDGET MEMORANDUM PROPOSALS FOR 2011 As is every year, the Retirement Benefits Authority will be submitting to the Ministry of Finance a memorandum containing proposals for policy and legislative changes affecting the retirement benefits industry for consideration during the preparation of the Government of Kenya Budget Speech and Estimates for FY 2011/2012. The policy proposals will be primarily geared to enhancing protection of member and sponsor interests; promoting development of the retirement benefit industry locally and by extension the East African Community partner states following the signing of the EAC Protocol this year It is in this regard, we are requesting you to forward to us any proposals you would like considered for inclusion in the memorandum. In order to allow adequate time for consultation, we request you to submit your proposals by January 5th, 2011. We look forward to your proposals. Yours, sincerely Edward Odundo Chief Executive Officer, Rahimtulla Tower 13th Floor Upper Hill Road P.O. Box 57733 -00200 Nairobi Kenya Tel: 2809000 /0722 -509939 / 0735 -339132 Fax: 2710330 e-mail: info@rba.go.ke www.rba.go.ke