A REGULATED PENSIONS ENVIRONMENT BREEDS TRANSPARENCY AND ACCOUNTABILITY
A REGULATED PENSIONS ENVIRONMENT BREEDS TRANSPARENCY AND ACCOUNTABILITY On September 26th 2011, the Uganda Retirement Benefits Regulatory Authority (URBRA) Act was enacted. This followed a process of major sector reforms, which had been necessitated by the prevailing mismanagement and scandals in retirement benefits schemes at the time. Thus, the Government established a regulator, with the […]
Be reassured, your retirement savings are prudently invested
Be reassured, your retirement savings are prudently invested “Advise people to learn how to grow their asset column and…accumulate their wealth rather than saving without investing.” That was the submission of one citizen, who was responding to an appeal to members of the public to save for retirement. There seems to be an impression […]
Include retirement planning in university curriculum – MAK urged
Include retirement planning in university curriculum – MAK urged Makerere University should teach students about saving for retirement. The appeal was made by Mr. Gautham Bhardwaj the Co-Founder & Director of Pinbox solutions, an international pensions innovation firm while paying a courtesy visit to the University Retirement Benefits Scheme. Mr. Bhardwaj noted that there is […]
Schemes embrace technology to enhance member trust and survive Covid19
Schemes embrace technology to enhance member trust and survive Covid19 For Uganda’s Retirement Benefits Sector, the years 2020 and 2021 were a test of resilience, as the Covid-19 pandemic ravaged the global economy and brought many businesses to a standstill. Despite the tough economic circumstances, retirement benefits schemes did not wind up – except for […]
Ten Years and Counting: A Journey of Sector Growth
Ten Years and Counting: A Journey of Sector Growth On September 26th 2011, the URBRA Act was enacted. That marked the beginning of a journey of change in Uganda’s retirement benefits sector. That October, the URBRA Board of Directors was constituted, appointed and given the task of setting up a functional regulator. As is commonly […]
Counting the benefits of a regulated retirement benefits sector
Counting the benefits of a regulated retirement benefits sector It is ten years since the enactment of the Uganda Retirement Benefits Regulatory Authority (UBRBA) Act, 2011. It has been a decade of transformation for the retirement benefits sector. If anything, the last ten years have demonstrated the relevance and significance of a regulator for any […]
Stakeholder engagement central to the establishment of URBRA
Stakeholder engagement central to the establishment of URBRA URBRA Board Chairperson, Andrew Kasirye looks back at the regulator’s teething and toddling experiences, and how the institution soldiered on Then we started, we had nothing – no premises; no staff; no budget. We were appointed by Minister Maria Kiwanuka and all that we were given was […]
Ten years on: looking back at the making of the retirement benefits regulator
Ten years on: looking back at the making of the retirement benefits regulator Ten years ago, the URBRA Act was enacted. It was a culmination of a consultative process, in which all key sector players participated. The process also involved benchmarking and learning from countries where the pension sectors are well established, effectively regulated and […]
Have the stars aligned for URBRA
Have the stars aligned for URBRA The story of the birth and evolution of the Uganda Retirement Benefits Regulatory Authority (URBRA) begins with the enactment of the URBRA law by the Parliament of Uganda and ultimately, the Presidential assent on 28th June 2011. Given the sector reforms and developments over the years, this birth was […]
Forego midterm for 50% housing mortgage, says pension regulator
Forego midterm for 50% housing mortgage, says pension regulator In an interview, the URBRA chief executive officer, Mr. Martin Nsubuga explains to Prosper Magazine’s (New Vision) Ismail Musa Ladu why the latest proposal is a more prudent deal compared to the 20 per cent midterm access. Government recently issued a new regulation prepared by the Uganda […]