Question 1: What are the functions of URBRA?

The functions of the Authority are to: Regulate and supervise the establishment, management and operation of retirement benefits schemes in Uganda, in both the public and private sectors; License retirement benefits schemes; license Custodians, Trustees, Administrators and Fund managers of retirement benefits schemes; Approve an Actuary and Auditor of any retirement benefit scheme; Protect the interests of members and beneficiaries of retirement benefits schemes including the promotion of transparency and accountability; Improve understanding and promote the development of the retirement benefits sector; Promote the stability and integrity of the financial sector through ensuring stability and security of retirement benefits schemes; Ensure sustainability of the retirement benefits sector with a view to promoting long term capital development; Advice the Minister on all matters relating to the development and operation of the retirement benefits sector; Implement Government policy relating to relating to retirement benefits schemes;\ Promote public awareness of the retirement benefits sector; and any other function conferred upon it under the Act.