Tag Archives: URBRA

  Retirement benefits schemes contributed taxes amounting to UGX235 billion to the government  in 2023, up from UGX227 billion in 2022. ✳ 10% increase in total pensions assets to sh22 trillion ✳ People saving for retirement, up from 3,015,807 to 3,142,311  ✳ URBRA’s supervisory actions led to recovery of UGX 26 billion …

  Kampala, Uganda | THE INDEPENDENT |  The Uganda Retirement Benefits Regulatory Authority (URBRA) will on November 27th – 28th host the 4th Annual Africa Pension Supervisors’ Association (APSA) Conference at the Serena Kampala Hotel. APSA is a platform that brings together pension industry regulators and supervisors from across the continent.  …

COMMENT | THE INDEPENDENT | The Uganda Retirement Benefits Regulatory Authority (URBRA) joins all citizens of Uganda to commemorate our 61st Independence Day under the theme: Sustaining a united and progressive Uganda: Harnessing our future as a free nation. Since its establishment upon the enactment of the URBRA Act 2011, …

Kampala, Uganda | THE INDEPENDENT | Financial industry regulators have called for a review of the pension sector regulations to enable retirees to continue benefiting from the retirement benefits fund even after retirement. Currently, on attaining the required qualifications for receiving the benefits, the savers receive all that is due …

Out of the estimated 21,930,000 women in Uganda, 61.7% access internet daily, and 44% percent use their own mobile phones COMMENT | Lydia Mirembe | International Women’s Day is a good time to apply a gender lens to all aspects of life – not only to draw attention to the traditional …

Kampala, Uganda | THE INDEPENDENT | Officials from the Uganda Retirement Benefits Regulatory Authority (URBRA) have told Parliament that it is illegal for the National Social Security Fund (NSSF) to give out loans to different entities. Led by the URBRA Chief Executive Officer Martin Nsubuga, officials from the Authority on …

URBRA’s Nsubuga says “we think that this lump sum payment is not attractive” Kampala, Uganda | THE INDEPENDENT | The pensions sector regulator URBRA insists that the decision to allow savers to withdraw up to 20 percent of their savings to cater for emergency financial distress was wrong and could …

COMMENT | Lydia Mirembe | If Uganda were a civil servant, he or she would be due for retirement this year having attained the mandatory age of 60. For Uganda as a nation, 60 is a very young age. For citizens that inhabit this Pearl of Africa, 60 is when they …

COMMENT | Lydia Mirembe | There was a time when the retirement benefits sector in Uganda was defined by gross mismanagement, lack of transparency and accountability, outright corruption and brazen embezzlement of savers’ money. The establishment of a Sector Regulator since 2011, has provided a foundation for continued improvement in scheme …

All retirement  benefits schemes are required to have an investment policy statement, also known as the Investment Strategy, which clearly stipulates how they intend to invest members’ savings. COMMENT | Lydia Mirembe |  “Advise people to learn how to grow their asset column and…accumulate their wealth rather than saving without investing.” …