For years, pension schemes linked to public institutions have been subjected to procurement frameworks designed for government spending and taxpayer-funded programmes.
By
Simon Wafubwa
Managing Director
Enwealth Financial Services Limited
The Supreme Court of Kenya’s decision declaring unconstitutional the application of the Public Procurement and Asset Disposal Act (PPADA) to pension schemes sponsored by public entities is one of the most consequential rulings for the retirement benefits sector in recent years.
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