THE AMENDED NSSF ACT GIVES MORE THAN JUST MID-TERM ACCESS
THE AMENDED NSSF ACT GIVES MORE THAN JUST MID-TERM ACCESS The enactment of the NSSF (Amendment) Act 2021, came as a New Year Gift, not only for members of NSSF, but for all who had been following the two-year debate. Politicians breathed a sigh of relief. For many, the celebration was centred around the provision […]
Q&A- A day in the life of a Trustee
Q&A- A day in the life of a Trustee “A Trustee has the fiduciary responsibility for all decisions of the scheme and ensures the safety of scheme funds. They Manage and oversee the operation of the Retirement Benefits Schemes in accordance with the URBRA act ,2011.” Pheona Nabasa Wall, a Trustee for Zamara Retirement Fund […]
Retirement planning is a necessity not a luxury
Retirement Planning is a necessity not a luxury Retirement is an inevitable part of life; however, many young people do not plan for it. Once one gets employment and starts earning an income, the focus is on satisfying immediate needs. Unfortunately, the needs keep on growing so one gets engrossed in spending with little regard […]
Prof. Mutebile was a committed advocate of the Retirement Benefits Sector
The Board of Directors, Management and staff of the Uganda Retirement Benefits Regulatory Authority (URBRA), join the rest of the country to mourn the departed Governor of Bank of Uganda, Professor Emmanuel Tumusiime Mutebile. Our deepest sympathies go to his family, the Board, Management and Staff of the Central Bank and the entire banking sector. […]
Save for emergencies, preserve your retirement savings
Save for emergencies, preserve your retirement savings If the Covid19 pandemic has taught us any lesson, it is our inability to predict the future with certainty. But while we may not know what’s lurking around the corner, we can make efforts to prepare a fallback position – at least to withstand the first gushes of […]
URBRA Staff Scoops Accountancy Services Award
URBRA Staff Scoops Accountancy Services Award Cosma Ssenyonga was on Friday 10th December crowned “Young Accountant of the Year 2021”, in recognition of his outstanding contribution to the accountancy profession in Uganda. Senyonga is a Senior Supervision Officer at the Uganda Retirement Benefits Regulatory Authority (URBRA) Senyonga, a Certified Public Accountant (CPA), was nominated by […]
WORLD SAVINGS DAY- SAVE AS SOON AS YOU EARN
October 31st 2021- It is World Savings Day again! A time to reflect on our saving attitudes and practices. This year’s theme “Save as soon as you earn” connotes urgency – save without delay; start today! To start with, you must have a purpose. Why are you saving? What challenge do you want to address […]
Aim for financial independence, as you mark Independence Day
Aim for financial independence, as you mark Independence Day As we celebrate our 59th National Independence anniversary, it is a good time to reflect on our individual financial independence. Robin and Dominguez in their book Your Money or Your Life, define financial independence as the status of having enough income to pay one’s living expenses for the rest of one’s life without having […]
Retirement Benefits Sector grows to 17 Trillion, 11.1% OF Gross Domestic Product
The Minister of Finance, Planning and Economic Development, Honourable Matia Kasaija has lauded the Retirement Benefits Sector as key to Uganda’s economy because of the sector’s ability to mobilise national savings and enhance population productivity and wellbeing. The Minister was releasing the 2020 Annual Sector Performance Report of the Retirement Benefits Sector at the Uganda […]
Retirement Benefits Sector Performance, 2020
1) IntroductionThe Sector delivered a solid performance for 2020 in terms of both its operational and financial results despite the COVID-19 pandemic and related restrictions on economic activity. Total assets of the Sector increased by 16.4 per cent during the year 2020 from UGX. 13.2 trillion in 2019 to UGX.15.4 trillion, accounting for 11.1% of […]