News

Published on 18 December, 2024

The offices of the NFMW will be closed from Monday, 23 December 2024, and will re-open on Monday, 6 January 2025.

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Published on 9 December, 2024

We are pleased to share with you the NFMW Integrated Report for the period 1 July 2023 to 30 June 2024. This report provides a comprehensive overview of the Fund’s activities, including our performance, strategy, governance, and operations for the period under review. It highlights the Fund’s ongoing commitment to enhancing the financial well-being of our members while positively impacting your families, communities, and broader society.

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Published on 15 October, 2024

It has been just over a month since the implementation of the two-pot retirement system. The Fund is pleased to share significant updates and essential reminders to help you make informed decisions about your retirement savings.

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Published on 9 September, 2024

It is with deep sadness that we inform our members and other stakeholders of the passing of Mr. Rio Nolutshungu.

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Published on 23 July, 2024

Join us for a live webinar where our team will explain the Two-pot System, starting on 1 September 2024. This is your chance to get your questions answered and learn about this new system.

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Published on 17 July, 2024

The Revenue Laws Amendment Bill of 2023 was enacted by the President in June 2024, and the Pension Laws Amendment Bill is awaiting signature, setting the stage for the two-pot retirement system to be implemented on 1 September 2024.

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Published on 2 July, 2024

The Fund has recently conducted its annual funeral benefit/cost review exercise. This review is part of our ongoing commitment to ensure that the benefits provided to our members remain the best in the retirement funds industry, while also keeping the costs to a minimum. By minimising the costs of the risk/funeral cover, the Fund seeks to maximise contributions toward our members' retirement savings. Our commitment to prudent financial management is unwavering, and we will continue to keep costs to a minimum for the benefit of our members.

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Published on 30 April, 2024

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.

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Published on 22 February, 2024

The Minister of Finance, Enoch Godongwana, delivered the 2024 Budget speech on 21 February 2024 where he announced that the much anticipated two-pot system is on track for implementation on 1 September 2024.

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