Retirement benefits schemes establishment

To provide retirement benefits expressed in terms of annuities or lump sums&nbsp; <br>

  • Purpose: To provide retirement benefits expressed in terms of annuities or lump sums&nbsp; <br>
  • Application Fees: (a) Mandatory contribution - 1,000,000 Ugx<br>(b) Voluntary contribution - Nil<br><!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:RelyOnVML/> <o:AllowPNG/> </o:OfficeDocumentSettings> </xml><![endif]--><!--[if gte mso 9]><xml> <w:WordD
  • License Fee: (a) Mandatory contribution - 5,000,000 Ugx<br>(b) Voluntary contribution - Nil
  • Maximum Processing Time: 3 Months
  • Related Websites: <a href=""></a>
  • Validity: One off
  • Contact Office: <a href="">Uganda Retirement Benefits Regulatory Authority</a>
  • Renewal Fee: N/A
  • License Type: License
  • Legal Basis: The Uganda Retirement Benefits Regulatory Authority Act, 2011. The Uganda Retirement Benefits Regulatory Authority ( Licensing of Retirement Benefits Schemes) Regulations, 2012
  • <ul><li>The name of the retirement benefits scheme including reference to any prior change of name.</li><li>The physical address and location of the registered office of the<br>scheme in Uganda.</li><li>A trust deed and scheme rules.</li><li>A funding policy of the scheme.</li><li>A business plan.</li></ul><b>In case of an existing retirement benefits scheme;<br></b><ul><li>The status of the retirement benefits scheme in respect of the names of members admitted into the retirement benefits scheme and their contribution.</li><li>Description of the investment portfolio of the scheme<br>including their value and location.</li><li>Benefits that accrue to members under the retirement<br>benefits scheme.</li><li>Whether any members of the scheme are active members<br>or not.</li><li>Certified copies of audited financial statements for the<br>previous year prepared in accordance with international<br>financial reporting standards.</li><li>If the most recent audited accounts are more than six<br>months out of date, they should be accompanied by<br>management accounts which need not be audited<br>showing the current financial position and the current<br>results of the institution.</li><li>Any other information relating to the viability of the proposed<br>retirement benefits scheme or other matters which the<br>applicant may consider relevant.</li><li>Any other information which the Authority considers<br>necessary for the purposes of determining the application.<br></li></ul>