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Tag Archives: URBRA

NSSF, Finance Ministry sabotaging midterm access-Lyomoki

Kampala, Uganda | THE INDEPENDENT | The Workers MP Sam Lyomoki has said there are plans to sabotage the National Social Security (NSSF) amendment Bill 2019 that seeks to allow for midterm access to members savings. The bill among other things proposes for midterm access for savers of 45 years …

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URBRA’s new plan for retirees

The regulator wants members to keep their money longer with pension schemes or get paid in installments Kampala, Uganda | JULIUS BUSINGE | The Uganda Retirements Benefits Regulatory Authority (URBRA) is in advanced stages of preparing a policy proposal for the ministry of finance to consider and convince retirees to …

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NSSF Bill: Uganda retirement benefits authority opposes capping levy

Kampala, Uganda | THE INDEPENDENT | Uganda Retirement Benefits Authority-URBRA has rejected the provision that caps the levy National Social Security Fund-NSSF should pay to the regulator at 0.05 percent. The National Social Security Fund Amendment Bill among others seeks to amend the NSSF Act, 1985, to provide for mandatory …

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Pension to be largest sector in Uganda

Martin A. Nsubuga was confirmed as the Chief Executive Officer for Uganda Retirement Benefits Regulatory Authority (URBRA) in June 2019. He broadly spoke to The Independent’s Julius Businge about his plan and emerging issues in Uganda’s pension sector. What is it that you have started off with as substantive CEO? …

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Pension sector assets hit Shs 11.6trillion

Only 14% of the country’s working population has some sort of retirement benefit scheme Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector continues to register growth amidst the bickering over the proposed changes to the National Social Security Fund Act. Latest statistics from the industry regulator, Uganda Retirement Benefits …

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Targeting NSSF money

The truth and the lies Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | Richard Byarugaba sits on the biggest pile of money in Uganda. He is the managing director of NSSF, the country’s only government-run compulsory pension savings scheme for workers valued at over Shs9.9 trillion as at June …

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13.8 million Ugandans at risk of old age poverty-URBRA

Kampala, Uganda | THE INDEPENDENT | The Uganda Retirement Benefits Regulatory Authority-URBRA says up to 13.8 million people in Uganda are at risks of old age poverty in Uganda. The authority based its computation on the 2014 census data. The census found that there are 935,000 older persons in Uganda. …

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Kenya’s pension firm enters Uganda’s market

Enwealth Financial Services manage assets worth Shs2trillion in Africa Kampala, Uganda | JULIUS BUSINGE | A new pension administrator, Enwealth Financial Services, has entered Uganda’s pension market upon securing an operation license from the regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The firm that joins nine other pension administrators in …

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