News

Published on 22 December, 2022

On behalf of the Board of Trustees and all the NFMW staff members, I would like to take this opportunity to wish you and your loved ones a wonderful holiday season and a prosperous 2023!

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Published on 7 December, 2022

The NFMW Integrated Report (IR) is now available and provides a holistic and in-depth account of the Fund's activities for the year under review (1 July 2021 to 30 June 2022) including detailed information on management, governance, operations and investments.

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Published on 11 November, 2022

Asset TV, a global video research and learning platform for investment professionals, conducted an interview with our Principal Executive Officer. In the interview Leslie talks about the NFMW celebrating 25 Years of service to our members and shares a piece of our journey and how things have evolved over time.

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Published on 29 September, 2022

In the August edition of our news update we looked at the proposed draft Revenue Laws Amendment Bill that was published by National Treasury and the South African Revenue Service on early access to retirement savings and compulsory preservation.

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Published on 16 August, 2022

On 29 July 2022, National Treasury and the South African Revenue Service (SARS) published for public comment the 2022 draft Revenue Laws Amendment Bill (Bill). This Bill contains proposed amendments dealing with the “two-pot” retirement system which is aimed at enabling South Africans to save for non-retirement purposes i.e., emergencies through their retirement funds, whilst preserving more savings for their retirement.

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Published on 22 July, 2022

Much has changed in the first six months of the year with the good returns from markets in 2021 all-but-forgotten as the war in Ukraine rages on and central banks across the globe raise interest rates in an attempt to contain high inflation.

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Published on 8 July, 2022

The Fund embarked on a process to review the current death, disability and funeral benefits and benefit structures offered to members of the NFMW, as part of its efforts to enhance the member value proposition, continuously considering ways to serve its members better, reduce costs and improve benefits.

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Published on 30 June, 2022

We have been communicating on the Rationalisation of Retirement Funds and the window period that was set to commence on the 1st of July 2022, which would allow employees within Local Government the opportunity to move to a fund of their choice.

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Published on 25 May, 2022

As previously communicated, all Local Government funds, including the NFMW, were required to undergo an accreditation exercise to ensure that they comply with the criteria as set out by the South African Local Government Bargaining Council (SALGBC) as part of the Rationalisation of Local Government Retirement Funds-exercise.

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