All retirement benefits schemes are required to have an investment policy statement, also known as the Investment Strategy, which clearly stipulates how they intend to invest members’ savings. COMMENT | Lydia Mirembe | “Advise people to learn how to grow their asset column and…accumulate their wealth rather than saving without investing.” …
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Kampala, Uganda | THE INDEPENDENT | ICEA LION Life Assurance Company (U) Ltd has announced the introduction of the ICEA Annuity Plan for retirees and those nearing retirement. The ICEA Annuity plan guarantees the holder a regular stream of income for life after retirement. The ICEA Annuity plan allows the holder …
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Kampala, Uganda | THE INDEPENDENT | Gen David Sejusa and former Inspector General of Police, Gen Edward Kale Kayihura may have to wait a little bit longer after their retirement was pushed to next month. In April, it was reported that the Uganda People’s Defence Forces (UPDF) High Command and Army …
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COMMENT | MATIA KASAIJA | 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 …
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Kampala, Uganda | THE INDEPENDENT | Members of different retirement schemes will be allowed to use part of their savings as collateral to obtain loans. According to the regulation, members saving in retirement schemes licensed by the Uganda Retirement Benefits Regulatory Authority (URBRA), will be allowed to secure mortgages and …
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As we start 2022, it is important for all of us to appreciate the need to save for a rainy day COMMENT | Lydia Mirembe | If the Covid-19 pandemic has taught us any lesson, it is our inability to predict the future with certainty. But while we may not …
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As the theme for the national 59th independence says, secure the future through mindset change. You cannot attain financial independence in retirement if you don’t plan and work for it today. COMMENT | Lydia Mirembe | As we celebrate our 59th National Independence anniversary, it is a good time to …
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Uganda’s retirement benefits sector grows from sh15.4 trillion to Sh17 trillion, 11.1% of Gross Domestic Product Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija has lauded the Retirement Benefits Sector as key to Uganda’s economy because of the sector’s ability to mobilise …
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Kampala, Uganda | THE INDEPENDENT | High Court in Kampala has dismissed an application filed by a retired Uganda People’s Defense Forces-UPDF soldier who sued government demanding pension and gratuity of over sh38 million. Tom Asiu retired soldiers number RA/153458 PTE sued government in 2020 demanding pension of shillings 20 …
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Kampala, Uganda | THE INDEPENDENT | Bugweri County Member of Parliament Abdu Katuntu says he made a mistake to announce his early retirement from politics during his previous term of office. Katuntu declared in 2016 that he would not contest for political office again, because he felt that the four terms he …
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The Independent Uganda: You get the Truth we Pay the Price
