Skip to main content
02 Our Business 12 Material matters
31 / 32

4. Governance and stewardship

We protect
what matters

Why this matters for long-term value creation

Trust is the foundation of NSSF's long-term success. Every contribution entrusted to the Fund represents a member's future aspirations, placing a responsibility on NSSF to protect those savings through sound governance, disciplined stewardship, and accountable decision-making.

As the Fund advances its Vision 2035 ambitions and expands its contribution to Uganda's socioeconomic development, governance becomes increasingly important in ensuring that growth remains responsible, risks are effectively managed and stakeholder interests remain protected. Strong governance enables informed decision-making, protects members' assets and personal information, strengthens organisational resilience, and reinforces confidence in the Fund.

Governance at NSSF extends beyond compliance. Through effective governance, risk management and assurance, NSSF not only protects what matters, but also provides the insight and foresight needed to make better decisions, strengthen resilience, and create sustainable long-term value.

Our strategic response

To strengthen governance and stewardship, we continue to:

Maintain effective governance oversight and ethical leadership across the Fund

Strengthen enterprise risk management, combined assurance, and organisational resilience

Enhance cybersecurity, data governance, and technology-enabled assurance

Protect members' savings and personal information through robust governance, legal and compliance frameworks

Promote transparency, accountability, and informed decision-making to strengthen stakeholder confidence

FY2025/26 progress

We continued strengthening governance and stewardship by:

Strengthening Board oversight to support sustainable growth, strategic decision-making, and long-term value creation

Advancing enterprise risk management, governance practices, and preparations for the transition to King V

Enhancing combined assurance, technology-enabled assurance, and oversight of strategic and emerging risks

Strengthening cybersecurity, legal stewardship, and governance frameworks to protect members' interests and reinforce institutional trust

Performance measures

Key measure

% Interest declared

FY2025/26

22.53%

FY2024/25

13.5%

Key measure

Fixed income returns

FY2025/26

16.0%

FY2024/25

14.1%

Key measure

Equity returns

FY2025/26

60.8%

FY2024/25

25.2%

Key measure

1 month employer compliance rate

FY2025/26

56%

FY2024/25

52%

Key measure

Internal audit completion rate

FY2025/26

101.4%

FY2024/25

101.4%

Key measure

Cybersecurity incidents (Major)

FY2025/26

0

FY2024/25

0

Strategic objectives

Maximising value for our membersMaximising earnings

Stakeholders affected

Membersemployersgovernmentregulatorsemployeesservice providers

Board oversight

ARCSACABoard

Sustainable Development Goals

Capitals impacted

Financial capitalIntellectual capitalSocial and relationship capitalFinancial, intellectual, and social and relationship capital

Key risks

Governance
Failures

Compliance
Breaches

Fraud

Cyber
Incidents

Reputational
Damage

Key opportunities

Stronger
Resilience

Better
Decisions

Stakeholder
Confidence

Enhanced
Accountability

Why it matters

Trust, accountability, asset protection, and sustainable growth

Up nextIntergenerational value creation

NSSF Integrated Report 2026

Ways to navigate

Choose how you would like to explore the digital publication.

Viewing on a laptop

For the best experience on a laptop, view the report in full screen.

In Chrome, open the three-dot menu at the top right, then select the full-screen icon beside Zoom.

To exit, move your pointer to the top of the screen and select the exit full-screen button.

Contents Overview

Quick access

NSSF Integrated Report 2026

Search the Report

Start typing to search the Integrated Report.

Downloads

Download the full report, complete chapters or selected report sections.

01

Report Overview

02

Our Business

03

Our Strategy

04

Our Governance

05

Our Sustainability

06

Our Performance

No sections selected

Share This Page