Finance Committee
Challenges
- Expanding coverage within the informal sector and effectively implementing the related initiatives
- Developing suitable product offerings that meet the needs of new and emerging customer segments
- Reducing suspense account balances where limited transaction information makes timely reconciliation difficult
- Managing exposure to foreign exchange rate fluctuations and their potential impact on the Fund’s financial performance
- Limited growth in real estate income due to delayed project implementation, resulting in significant deferred income and heightened risks of impairment
- Exposure to external global risks beyond the Fund’s control, which could adversely impact income performance
Opportunity
The Fund is now more focused than ever, committed to delivering superior value compared to any other pension fund in Uganda, with the ultimate goal of becoming the first and best choice for our members
Committee declaration
The Finance Committee of the Board complied with its mandate for the year under review and all scheduled meetings were held
Enabled sound governance and disciplined financial oversight.
Value preservation priorities for FY2026/27
The Committee will continue to operate within its terms of reference and ensure that meetings address all regular matters reserved for its consideration. In addition, the following key activities are expected to receive the Committee’s attention during FY2026/27:
Expenditure of the Fund above the delegated thresholds, to ensure prudent utilisation of resources and funds
Preserved capital through disciplined resource allocation
Requiring management to present proposals on accelerating real estate development
Enhanced long-term income generation and asset value
Strengthening risk management, with particular focus on sustaining and growing income
Improved earnings resilience and sustainability
Emphasising implementation of the ambitious 10-year strategy, with focus on expanding coverage through the enterprise growth department
Strengthened growth, relevance and long-term sustainability
Strengthening suspense account management by accelerating account reconciliation and reducing outstanding balances, to ensure that members’ accounts are credited accurately and promptly
Improved financial integrity and member experience
Stakeholders
King IV™
Overall contribution to sustainable wellbeing
The Committee’s oversight of budgeting, expenditure above delegated thresholds, income management, financial reporting and departmental policies supported prudent utilisation of the Fund’s resources, strengthened procurement and technology governance and underpinned the interest rate recommended for declaration. Through these efforts, the Committee helped safeguard member savings, support growth in the real estate asset class and sustain the Fund’s ability to deliver long-term value to members.