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Nfmw mourns the loss of Mr. Rio Nolutshungu, the voice of reason.
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.
Secure your spot for the Two-Pot System Q&A webinar!
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.
NFMW Latest news update
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.
NFMW Latest news update
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.
NFMW Latest news update
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.
NFMW Latest news update
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.
Season's greetings from all of us at the NFMW
Published on 20 December, 2023
This is the last edition of the newsletter for 2023, before we close our offices for the festive period. We would like to thank you for your continued support and wish you and your loved ones a joyous and blessed festive season and a prosperous new year.
NFMW Integrated Report & Key Highlights
Published on 11 December, 2023
We are excited to bring you the NFMW Integrated report for the period 1 July 2022 to 30 June 2023. The report focuses on the NFMW's impact and how the Fund has continued to contribute towards socio-economic prosperity in various meaningful ways and positively impacting the lives of our members, their families and communities, today and tomorrow.
NFMW Latest update on the "Two-pot" retirement system
Published on 1 November, 2023
National Treasury and SARS provided feedback at the Standing Committee on Finance as part of the parliamentary process following workshops and public consultations about the proposed two-pot system, which will allow for early access to retirement savings and compulsory preservation.
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