Companies that deduct NSSF money but don’t remit it are in trouble. The Uganda Retirement Benefits Regulatory Authority has strongly passed warning to such companies in a bid to return sanity to the industry.
David Bonyi, the authority’s Chief Executive Officer, says despite a registered growth, loopholes in collecting savings remain a challenge for the industry, now with over 63 saving schemes.
This came as the regulator released a 2015 industry report indicating a slight growth. We have a Report.