End of Year 2020 – Press Release
INTRODUCTION Throughout 2020, the Uganda economy has taken quite a pounding from Covid-19. The pandemic has significantly disrupted economic activity, resulting in loss of jobs and incomes. The country is yet to know the full extent of the economic impact of Covid-19. The retirement benefits sector has equally suffered the effects of the pandemic, but […]
Save now to guard against old-age poverty
As Uganda joins the rest of the world to commemorate the International Day of Older Persons, the Uganda Retirement Benefits Regulatory Authority (URBRA) reiterates the message that saving for retirement is the surest way to mitigate the challenges of old-age poverty. World over, there is an improvement in life expectancy, thanks to life-prolonging innovations in […]
URBRA release Retirement Benefits Sector Report 2019
2019 Results in brief 1. Sector Contributions and Benefits Paid In 2019, total contributions increased by 17.2% to UGX 1.50 trillion from UGX 1.28 trillion in 2018. The increase was attributed to improved compliance in remittance by employers to schemes owing to ongoing supervisory activities, conversion of gratuity arrangements into retirement benefit schemes, new employer […]
PRESS RELEASE: ITC and URBRA sign Memorandum of Understanding to enhance professionalism in pensions sector
Kampala, Uganda, June 29th, 2020 – Today, The Insurance Training College (ITC) and Uganda Retirement Benefits Regulatory Authority (URBRA) sign a Memorandum of Understanding (MOU) to rollout a certified training programme for trustees in Uganda’s pensions sector that seeks to improve and enhance professionalism of Trustees. The programme is in line with ITC’s mandate […]
COVID19 Quarantine is incomparable to life in retirement
Written by Hajji Hassan Nakabaale, the Director Communications and Public Affairs,URBRA The current lockdown owing to #Covid19 is a perfect time to reflect on retirement. Many have argued that the time we are spending at home without going to work is similar to what happens during retirement. They contend that just like in lockdown, people […]
How to ensure adequacy and preservation of retirement benefits
A story is told of a man who withdrew his savings from NSSF as soon as he clocked 55. He had accumulated a hefty sum in savings, following a long and illustrious career in an international NGO. Once his package hit the bank account, he sought investment ideas from “trusted” friends. The most appealing idea, […]
Why partial access to retirement benefits because of COVID-19 is no-go area
This article was written by the Chief Executive Officer of URBRA, Mr. Martin A. Nsubuga. and published in The New Vision on Friday 10th April 2020. During this lockdown, my colleagues sent me this message: “The current lockdown might be what retirement will be – no cash, no friends, lots of free time, anxiety and […]
Uganda needs more Pension Reforms to ensure more Ugandans save more and longer for a more meaningful retirement
Published in The CEO Magazine on 10th September, 2019 In March, 2018, Mr. Martin Nsubuga the Director Supervision and Compliance at the Uganda Retirement Benefits Regulatory Authority was appointed to serve as the Ag. Chief Executive and subsequently confirmed in June, 2019. Please click the following link to read a Q&A Session with Mr. Martin […]
Savers’ contributions in safe hands – pension regulator
Interview as published in The Daily Monitor on 26th July, 2018 By ISMAIL MUSA LADU Workers’ contributions to several pension schemes in the country have grown to Shs10 trillion according to a survey conducted by the sector regulator. These contributions are growing both in terms of coverage and compliance levels. According to the Annual Retirement […]
Progress of Retirement Benefits Sector Reforms and the Prerequisites to Successfully Continue the Sector’s Growth Agenda.
Interview as published in The New Vision on 23rd April, 2018 and The Daily Monitor on 24th April, 2018. Martin A Nsubuga was appointed Acting Chief Executive Officer at the Uganda Retirement Benefits Regulatory Authority (URBRA) at the end of February, 2018. He took over from David Nyakundi Bonyi who left the Authority at the […]