National Fund for Municipal Workers

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Rationalisation of Retirement Funds and Freedom of Association

The Fund has previously communicated on the rationalisation/restructuring of Local Government retirement funds and freedom of association which will provide all Local Government employees with the opportunity to move between accredited participating funds during the window period.

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NFMW Latest news update Mar 2022

Financial markets appear to be less concerned about the impact on asset prices and, barring direct investments in Russian companies which have suffered large losses, investors seem to be unsure how to price the risk into the share prices of global companies...

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NFMW Latest news update Feb 2022

The fund has previously communicated on the announcements made by National Treasury on early access to retirement savings and compulsory preservation. We have since received several queries from members, especially on how and when they will be able to access a portion of their savings.

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Seasons Greetings Dec 2021

We are almost at the end of 2021 and this is our last edition for this year. I would like to take this opportunity to wish you and your loved ones a wonderful holiday season and happy new year.

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NFMW Annual Report - 1 July 2020 to 30 June 2021

The NFMW is celebrating another successful year and we are pleased to provide you with our latest Annual Report for the financial year, 1 July 2020 to 30 June 2021. The Annual Report provides an account of the Fund's activities for the year under review, including detailed information on management, governance, operations and investments

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NFMW Latest news update Oct 2021

The offices of the NFMW have been re-opened to all walk-in visitors. It is important that we continue to ensure the safety of our staff and members and therefore strict COVID-19 protocols must be adhered to at all times.

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National Treasury Media Statement

The following media statement was released by National Treasury on 11 August 2021 on the process and approach to preservation and access to retirement savings. In response to the many media queries, National Treasury wishes to provide more details on the approach and planned timelines concerning the proposal to allow for greater preservation with limited pre-retirement withdrawals from retirement funds.

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NFMW Latest news update July 2021

We are proud to announce that the NFMW was again amongst the best of the best at the 2021 Institute of Retirement Funds Africa's Best Practices Industry awards, in receiving three awards in recognition for best practices in Governance, Stakeholder Engagement and Investment Practices.

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Important Notice - NFMW-office closure

In the interest of the safety and health of our staff and members, the NFMW's offices will remain closed for all walk-in visitors. Our staff will continue to work remotely to ensure the minimum disruption in our operations.

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