NFMW - HELPING YOU TO UNDERSTAND THE NEW TWO-POT SYSTEM
The implementation of the new two-pot retirement system is scheduled for 1 September 2024. This system offers members the flexibility to withdraw a portion of their savings without needing to resign from their current employment, while also ensuring compulsory preservation to secure a steady income upon retirement.
As we approach the implementation date, there remain many questions and uncertainties among our members regarding how the new two-pot system will work. It is essential for us, as a Fund, to address these questions and provide a clear understanding of the two-pot system before its rollout on 1 September 2024.
Included in this newsletter is the first episode of the NFMW two-pot series, which was created to enhance your understanding of the new system. Additionally, you can access the brochure by clicking on the link provided below.
It is important to consider several factors regarding the amount of money available for withdrawal, expected timelines for payments, and the implications of early withdrawals on your retirement savings. Furthermore, members who were aged 55 or older on 1 March 2021, are reminded that they will not be automatically enrolled in the two-pot system and must actively opt in.
We are here to help!
Please do reach out if you have any questions or require further information. Remember to register for web access which will allow for automated withdrawals once the two-pot system comes into effect.
WATCH TWO-POT VIDEO
FUND DEVELOPMENTS
NFMW'S PEO EARNS DOCTORAL DEGREE IN LEADERSHIP IN INVESTMENTS
Leslie Ndawana, our Principal Executive Officer, recently earned a doctoral degree in Leadership in Investments, marking a significant milestone in his career. Leslie's dedication to learning and excellence exemplifies our organisational values. This esteemed qualification recognises his exceptional abilities, commitment to development, and professionalism in navigating dynamic business and social landscapes.
Dr Ndawana's expertise strengthens our position as a market leader in the retirement fund industry, dedicated to safeguarding our members' investments.
NFMW ACHIEVES REMARKABLE MILESTONE: Surpasses R30 Billion in assets under management.
We are delighted to announce an incredible milestone for the National Fund for Municipal Workers! Our total assets under management have soared past the R30 billion mark, marking a significant increase since our impact investing journey began in 2020.
Our mission is to effect positive change in the lives of our more than 56 000 members, their families, and the communities we serve. Today, as we reflect on this achievement, we are filled with gratitude for the unwavering support from our members and participating municipalities.
Acknowledging the invaluable contributions of our Board of Trustees, the expertise of the Office of the Principal Executive Officer, and the dedication of our investment team, we recognise their pivotal roles in guiding our investment decisions and strategies. Together, their leadership has been instrumental in driving both financial growth and impactful outcomes. We take pride in assuring our members that their trust in the NFMW is well-placed, underscored by the recent recognition of our Principal Executive Officer, who was awarded a professional doctorate in Leadership in Investment.
As we celebrate this momentous occasion, we are inspired to continue our journey towards greater positive change. Our commitment to responsible investing remains steadfast, and we are determined to create a lasting legacy that transcends mere numbers on a balance sheet.
We extend our heartfelt gratitude to each and every individual who has been a part of this incredible journey. Together, let us continue reaching new heights as we strive for a brighter future for all.
LATEST INVESTMENT PORTFOLIO RETURNS
The table shows the most recent and long-term investment portfolio performances up to 31 March 2024.
| 3 months | 1 year | 3 years Ann | 5 years Ann | 10 years Ann | |
|---|---|---|---|---|---|
| Shari’ah Portfolio | -1,60% | 3,36% | 5,41% | 8,34% | 6,49% |
| Capital Protector | 1,81% | 9,00% | 6,84% | 6,58% | 7,04% |
| Stable Growth | -0,95% | 4,80% | 8,27% | 7,37% | 7,24% |
| Capital Growth | 2,30% | 10,20% | 9,15% | 8,48% | 8,38% |
| Aggressive Growth | 2,96% | 11,23% | 9,29% | 8,94% | 8,40% |
| CPI (inflation) | 2,13% | 5,60% | 6,20% | 5,18% | 5,07% |
WAYS TO REGISTER!
- Scan the QR code or
- Download the free Sanlam My Retirement App
or - Click on the register here button below!
The Fund must have your updated contact information on record for OTP-verification as part of the registration process.
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