Pension schemes will pay tax to help fund the
The tax will also be used to conduct capacity building trainings for the players so as to develop a strong and stable retirement benefits sector.
Schemes receiving mandatory contributions will pay 0.05 per cent of the total assets to the Authority while those getting voluntary contributions will be required to contribute 0.025 per cent of their total assets.
"Independent regulation is important in dealing with governance issues in the sector and also in terms of addressing the trust and confidence issues," Mr Bekabye told the Daily Monitor on the sidelines of a trustees' training workshop on regulatory and licensing requirements in
Although it is yet to be passed into law, Mr Bakabye said he is hopeful that Parliament will soon pass the Retirement Benefits Sector Liberalisation Bill, 2011. If passed into law, it will end the
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