Latest News Update February 2019
UPDATE ON DEFAULT REGULATIONS EFFECTIVE 1 MARCH 2019
We have previously communicated on the default regulations that are set to be implemented with effect from 1 March 2019. In general, default options are automatic choices made on behalf of members who do not exercise an alternative choice.
The new default regulations are aimed at promoting good fund governance and improving the retirement outcomes of retirement fund members and prescribe the requirements for default investment portfolios, default preservation and annuity strategies.
Latest News Update January 2019
Well we have definitely started 2019 off on a high!
Winning FOUR awards at this year’s Institute of Retirement Funds Africa – Best Practices Industry Awards and with the fund fast approaching the 50 000-membership mark, we are growing from strength to strength and setting the benchmark in Local Government.
We are excited to introduce the new ABSA Workplace benefits which offer NFMW-members exclusive financial service solutions, including discounts on vehicle finance, home loans and personal loans.