Question 12: Why does URBRA need to regulate and supervise the Retirement Benefit Sector?

Answer: Saving for retirement is an important and long-term commitment and individual savers need to be assured that their life long-term savings are safe and secure. URBRA supervises and regulates the sector on behalf of and in the best interest of savers. Supervising the sector ensures that schemes are managed properly, savers have access to timely and relevant information, reduces the risk of fraud.