Liberalisation of the pension sector is well on course–Pension regulator

By Taddewo Senyonyi On June 28, 2011, the president of Uganda Yoweri Kaguta Museveni assented into law the Uganda Retirement Benefits Regulatory Authority (URBRA) Act 2011, with a major aim of regulating and controlling the pension sector. The Authority started receiving applications from retirement benefit schemes and market players in December 2012 since it is a requirement that every pension scheme and service provider be licensed prior to undertaking any business. However, there have been reports that the authority is failing to fulfill its mandate. The CEO’s Taddewo Senyonyi interviewed Andrew Kasirye, the Board Chairman, URBRA, about these claims and…