{UAH} NSSF: We have a duty to grow members savings - Prosper

National Social Security Fund (NSSF) recently declared a 13 per cent interest rate for members in the 2015/16 financial year. The rate, which is the fourth consecutive double digit increase in the last four years, reflects a remarkable transformation since 2010.

In the four years to June 2015, NSSF total assets, income and costs have grown by an average of 27.2 per cent, 52.9 per cent and 6.3 per cent respectively with members' paid up benefits increasing from Shs101.4b in 2011 to Shs186.6b in 2015.

But even with such achievements, the Fund's investment strategy continues to be portrayed as easy, focussing on investments in treasury bonds and fixed deposits, ignoring investing in private equity and domestic infrastructure.

http://www.monitor.co.ug/Business/Prosper/NSSF-duty-grow-members-savings/-/688616/2909956/-/g1o0cez/-/index.html


Sincerely,

Brian M. Kwesiga

--
Disclaimer:Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.To unsubscribe from this group, send email to: ugandans-at-heart+unsubscribe@googlegroups.com