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 …
Read More »Aim for financial independence, as you mark Independence Day
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 …
Read More »Kasaija hails retirement benefits sector as it grows to 11.1% of GDP
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 …
Read More »Trustee training launched to enhance professionalism in Uganda’s pensions sector
Kampala, Uganda | THE INDEPENDENT | The Uganda Retirement Benefits Regulatory Authority (URBRA) has partnered with Insurance Training College (ITC) to train Trustees, who are key persons in the proper management of the pensions sector. Unveiled on April 16, the Trustee Training and Certification Programme is intended to enhance professionalism of …
Read More »COMMENT: Improve women’s working conditions to enhance their retirement benefits
COMMENT | MARTIN A NSUBUGA | The International Women’s Day, March 8th, can be traced back to the early 1900s, with women’s movements in different countries leading protests against a wide array of “injustices”. Key among the issues raised back then, were deplorable working conditions for women. Over the years, International …
Read More »Finance ministry increases supplementary request by UGX 390B
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance is seeking to add another 390 billion Shillings to the supplementary request of 3.426 trillion Shillings currently before the Parliamentary committee. The request puts the supplementary budget at 3.853 trillion Shillings. The first supplementary is to finance a classified budget …
Read More »Pension sector assets hit Shs13.2 trillion
Industry regulator says the future is bright amidst current COVID-19 pandemic Kampala, Uganda | JULIUS BUSINGE | Uganda’s retirement benefits sector recorded a 13.8% increase in assets to Shs13.2trillion for the year ended Dec. 2019, according to the Uganda Retirements Benefits Regulatory Authority’s performance latest report presented on Sept.02 in …
Read More »Pensions sector prepares for entry of Public Service Scheme
Retirement benefits sector marks improved efficiency, reduced operational costs Kampala, Uganda | THE INDEPENDENT | The retirements benefits sector is set to get a boost of close to 400,000 new members once the proposed Public Service Pension Scheme starts operating. The Uganda Retirement Benefits Regulatory Authority (URBRA) is optimistic the …
Read More »IN THE INDEPENDENT: Uganda has fastest COVID rate in Africa
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Uganda has fastest COVID rate in Africa: Fear rising of another lockdown THE LAST WORD Behind the coup in Mali: The things that democracy (and pseudo democracy) evangelists need to know about freedom …
Read More »How the retirement benefits sector contributes to Uganda’s economy
Kampala, Uganda | THE INDEPENDENT | Since its establishment in 2011, the Uganda Retirement Benefits Regulatory Authority (URBRA) has overseen the growth of the retirement benefits sector which, as at end of 2019, contributed 10.3% of Uganda’s Gross Domestic Product (GDP). The sector remains vibrant with an average annual growth rate …
Read More »