Our Performance
Outlook
We present our integrated report to provide all our stakeholders with balanced, transparent information that supports informed assessments of the Fund’s prospects, including its viability, sustainability, and long-term value creation potential.
The information in this outlook is essential when reporting to stakeholders as it completes the value creation.
This outlook is a key component of our stakeholder reporting, completing the Fund’s value creation narrative as outlined in the report, a story that will continue to evolve in the years ahead.
The information below covers the organisation’s strategic path ahead – the leadership’s view of the material uncertainties, disruptive factors, challenges that may affect the achievement of the strategic objectives and the potential implications for the organisation and of course the opportunities that have been identified. We present the information under each of the six capitals.
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increasing
reducing
stable
Financial Capital
Challenges, uncertainties, and disruptive factors
Key challenge:
The Fund delivered solid results in 2025, driven by higher contributions, resilient investment returns, and ongoing cost controls. However, compliance gaps remain, limiting long-term member savings. This year’s lower compliance rate was due to many newly registered employers not yet remitting contributions.
Mitigating factors/opportunities
Measures undertaken to address the challenge:
To strengthen compliance and protect member savings, the Fund increased whistleblower-triggered audits to address dormant accounts caused by employer non-remittances.
It also began formally removing from the active register all employers confirmed as closed by the Uganda Revenue Authority and the Uganda Registration Services Bureau, improving data accuracy and compliance tracking. A dedicated team was established to proactively engage dormant employers, ensuring they resume timely remittances and meet their statutory obligations.
Trend during the reporting period:
The Fund’s annual collections totalled UGX 2.135 billion, exceeding the budget by 1.67% and marking a 10.5% increase over the previous year.
This growth was driven by arrears and new registrations, which contributed UGX 165 billion, accounting for over 90% of the overall increase. Employer registrations rose sharply by 67% (from 8,374 to 13,962), primarily due to the onboarding of auto-registered employers.
Outlook
In the year ahead, the Fund will focus on enhancing member value, diversifying income, and strengthening long-term sustainability. We will broaden our product range to meet evolving needs, offering solutions for financial security, wealth management, and access to essential services.
Retirement savings growth will be driven by flexible contribution options and initiatives to re-engage dormant members. We will advance impact-driven investments that deliver sustainable returns and community benefits, while engaging policymakers to foster a supportive fiscal and regulatory environment. Strategic investments will target opportunities for stable, long-term growth aligned with national development priorities.
Collectively, these efforts will build a stronger, more resilient Fund, ensuring we meet our goals and continue to deliver member returns at least 2% above long-term inflation.
Strategic priorities
- Increase contributions
- Increase income earned
- Improve cost efficiency
Committee oversight
KPI
- Minimum return of 10-year inflation +2%