New wealth creation fund for post pandemic Uganda
observer.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from observer.ug Daily Mail and Mail on Sunday newspapers.
URBRA introduces risk-based supervision to lower high operation cost
monitor.co.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from monitor.co.ug Daily Mail and Mail on Sunday newspapers.
Gone too soon
monitor.co.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from monitor.co.ug Daily Mail and Mail on Sunday newspapers.
Pension sector posts rise in withdrawals amid falling income
Wednesday May 19 2021
Summary
Advertisement
The pension sector suffered relapsed growth during March 2021 with contributory schemes registering an increase in withdrawals and a reduction in contributions.
This, according to a policy brief authored by the Ministry of Finance for the period ended March meant that pension schemes posted a reduction in investment income amid an increase in withdrawal of benefits.
For instance, according to data from Uganda Retirement Benefits Regulatory Authority (URBRA) during the period, National Social Security Fund (NSSF), experienced a significant increase in withdrawal of benefits payments and a reduction in assets held by umbrella schemes.