Retirements Authority calls for diversified pension products

Getting your Trinity Audio player ready...

By Silvia Nyambura Ugandans need to embrace pension schemes in a bid to avoid poverty in their old age. According to the Uganda Retirements Benefits Regulatory Authority (URBRA), very few workers save for retirement despite the existence of a mandatory pension scheme in the country. In addition, those registered usually work with provident funds meaning they receive their money in a lump sum wi