HR managers train in pension fund management

Some of the human resource practitioners who attended the training

 

newvision

BY Francis Emorut

Human resources practitioners have been trained in pension fund management in order to ensure that retiring staff benefits are well secured and not mismanaged.


“The key objective of a staff retirement scheme is to give staff a financially stable life during retirement.

Therefore, one should have skills to manage the fund,” Barack Obatsa, the chief investment officer of African Alliance told human resource managers.

He urged human resource practitioners to play a key role in management of fund schemes.

The training took place at Imperial Royale Hotel in Kampala and was conducted by officials from Uganda Retirement Benefits Regulatory Authority and African Alliance. It was aimed at equipping human resource managers with skills in pension fund management and investment.

It was organised by Human Resource Managers’ Association of Uganda.

He advised that fund managers should maximise long term returns within acceptable risk parameters and deliver a return that is above the rate of inflation in order to preserve the purchasing power of savings.

Martin Nsubuga, the principal economist in the finance ministry, informed participants that the Uganda Retirement Benefits Regulatory Authority was set up by the Government to manage the operations of private and public retirement benefits.

He said the human resource managers’ role is critical in protecting the interests pension fund members.

Doreen Mugisha, the client relationship manager at African Alliance urged the human resource practitioners to have specialised systems for gathering information and conduct research in order to make the right investment choices.