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URBRA is an autonomous body established by virtue of section 2 of the Uganda Retirement Benefits Regulatory Authority Act 2011, Act No. 15 of 2011. It is responsible for regulating the establishment, management and operation of retirement benefits schemes in Uganda in both the private and public sectors. The Authority is responsible for supervising institutions which provide retirement benefits products and services. URBRA is an oversight body and NOT a Retirement Benefits Scheme.
A vibrant, secure and sustainable Retirement Benefits Sector.
To regulate, supervise and promote the development of a stable and effective Retirement Benefits Sector.
Proficiency, Integrity, Innovation, Transparency, Accountability
This act established URBRA to regulate the establishment, management and operation of retirement benefits schemes in Uganda in both the private and public sectors.
i. Administrators
ii. Fund Managers
iii.
Custodians
iv. Trustees
i. Umbrella Schemes
ii. Occupational Schemes
iii. Mandatory Schemes
iv. Others
Employers registered under Umbrella Retirement Benefits Schemes
Retirement Benefits Schemes with products open for the self employed, and informal sector workers
Members are entitled to certain rights under both statutory and common law of trusts. Most Members of schemes do not know their rights.
All schemes should uphold the best practices of financial reporting and promote transparency and accuracy in reporting.
Questions and Answers to common questions in regard to URBRA and the retirement benefits sector
Alphabetical list of key terms relating to the Retirement benefits sector.
