The sustainability of NSSF depends not only on how well we manage members’ savings, but also on the strength of the regulatory environment in which we operate. We recognise our regulators and government as important partners in safeguarding the integrity of the social security system, protecting members’ interests, and strengthening confidence in the Fund. Through strong oversight, responsible stewardship, and shared accountability, we protect what matters while creating the conditions for sustainable growth.
Our strategy · Stakeholder engagement
06Our regulators
Protecting what matters together with government and our regulators. Through shared accountability and constructive engagement, we safeguard members’ savings, strengthen confidence in the Fund, and support a sustainable social security system.
Creating value through responsible oversight
Our regulators and government stakeholders include the Parliament of Uganda and key Ministries, Departments and Agencies (MDAs), including the Ministry of Gender, Labour and Social Development (MGLSD), Ministry of Finance, Planning and Economic Development (MoFPED), Public Procurement and Disposal of Public Assets Authority (PPDA), Solicitor General, Attorney General, Uganda Revenue Authority (URA), Capital Markets Authority (CMA), National Environment Management Authority (NEMA), Financial Intelligence Authority (FIA) and Bank of Uganda, among others.
Throughout the year, we engaged openly and constructively with these institutions to ensure that our strategy, operations, and investments remained aligned with applicable laws, prudential requirements, and evolving expectations. These relationships also supported our efforts to extend social security to communities that have traditionally remained outside the formal system.
Creating value through responsible oversight
Regulatory oversight provides an important layer of assurance for our members and stakeholders. Through regular engagement, reviews, reporting, and supervisory processes, we strengthened accountability across the Fund and used regulatory feedback to improve our policies, processes, controls, and decision-making. Regular audits, actuarial assessments, and performance evaluations provided further assurance over the Fund’s governance, performance, and long-term sustainability.
During the year, this created value in several ways.
For members
For members, strong regulatory oversight provides confidence that their contributions are managed within a robust governance and prudential framework, reinforcing our responsibility to protect their savings while delivering sustainable returns and quality services.
For employers
For employers, a well-regulated Fund provides greater certainty in meeting statutory obligations and supports a predictable and efficient social security environment that contributes to the wellbeing of their workforce.
For the Fund
For the Fund, regulatory engagement strengthens institutional discipline, risk management, and governance, while supporting continuous improvement as we respond to changes in legislation, technology, customer expectations, and the broader social security landscape.
For Uganda
For Uganda, effective regulation contributes to confidence in the pension and social security industry. As a significant institutional investor, NSSF has a responsibility to manage members’ savings prudently while contributing to the country’s broader economic development.
