Finance Committee
Matters considered during FY2025/26
Monitored the global economic outlook (United States, Ukraine, the Middle East and elections) and developed mitigants to the potential risks posed
Enhanced portfolio resilience and protected member value
Considered the amendment of Regulation 7 on voluntary contributions and benefits
Expanded member value proposition and savings flexibility
Considered the reduction of the saving threshold from UGX 5,000 to UGX 500
Improved accessibility and financial inclusion
Considered all expenditures above the delegated thresholds, including those related to projects and technology investments
Strengthened capital allocation and governance
Oversaw prudent income management and collaboration with the IPMC
Supported sustainable income growth
Conducted regular reviews of workplans and resource utilisation
Improved operational efficiency and accountability
Reviewed and recommended amendments to key policies, including the Commercial, Technology and Strategy policies
Strengthened strategic alignment and governance
Advanced SmartLife and voluntary initiatives, and made recommendations to lower the minimum saving amount to enhance flexibility and support Fund growth
Expanded coverage and contribution growth
Refocused the information technology strategy towards internal software development, leveraging in-house capacity for solutions
Enhanced capability and cost efficiency
Strengthened procurement processes, encouraged accreditation of business segments and supported growth in the real estate asset class
Improved value-for-money and portfolio diversification
Considered and recommended the Fund’s budget for FY2025/26
Aligned resources to strategic priorities
Considered and recommended the interest rate for declaration for FY2024/25, based on the Fund’s realised income and financial performance
Delivered sustainable member returns
Reviewed the management accounts and management letter for FY2024/25, including the Fund’s financial performance and matters requiring management attention
Strengthened financial stewardship and transparency
Reports considered by the committee
The Committee considered reports on financial performance, income sustainability, operational effectiveness, technology transformation, procurement governance and strategic execution. These reviews informed oversight decisions and strengthened accountability, resource allocation and long-term value creation