Latest News
Jul 2019
NFMW-greetings
The fund understands its members' need for housing finance and therefore provides housing loan guarantees based on a maximum percentage of a member's fund credit. The loan is subject to approval by the relevant credit provider and must be used for housing purposes i.e. renovating of property, purchasing of property and/or a plot and/or for the settlement or partial settlement of an existing bond.
Jun 2019
NFMW-greetings
Great news! Improved benefits and a reduction in risk cover costs with effect from 1 July 2019.
The fund understands the impact that high cost can have on a member's retirement savings and therefore always endeavours to keep it to a minimum.
May 2019
The risk cover category elected by a member determines the benefit payable in the event of death and disability*. The fund provides members with the option to elect the extent of death and disability cover, by choosing between the available categories. It is important for members to review their risk cover category from time to time to ensure that it is still best suited to their individual needs. Members can change their risk category twice a year effective 1 January and 1 July and when their personal status changes i.e. marriage, birth of a child.