“Not everyone who retires has difficulties with the transition, but those that have not planned are at a greater risk of mental and physical health problems” COMMENT | Lydia Mirembe | “It would be quite disheartening for an employer to find their retired employee living in despicable conditions. Every employer should …
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COMMENT | Lydia Mirembe | There was a time when the retirement benefits sector in Uganda was defined by gross mismanagement, lack of transparency and accountability, outright corruption and brazen embezzlement of savers’ money. The establishment of a Sector Regulator since 2011, has provided a foundation for continued improvement in scheme …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni, the Commander In Chief of the armed forces has retired 48 generals of the Uganda People’s Defense Forces at a ceremony held at State House Entebbe, Wednesday. General Elly Tumwine, who died last week and was buried on Tuesday was supposed to …
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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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