National Fund for Municipal Workers


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NFMW receives the stamp of approval from the SALGBC

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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Holistic financial planning, advice and retirement counselling for all NFMW members

Recently we have seen some exciting new developments unfolding within the pension and retirement fund industry, as well as within the NFMW in terms of our strategic positioning, improved member service and other benefit offerings. Articles on the Retirement reform and the default regulations were published in the media and in the communication issued by the Fund.

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Creating Sustainable Solutions

For many years, some industry surveys have indicated that only 6% of members of retirement funds in South Africa will retire financially secure. In the same vein, the retirement funds industry and relevant stakeholders did not do much, if anything, to address this challenge that has been highlighted from conference to conference and from year to year.

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NFMW's superior value propositions

At the NFMW, our main purpose is to secure our members’ financial futures, but we also understand the importance of making sure that our members’ families are taken care of in the case of the members’ death and that members have the peace of mind that they will not be left destitute, should they become disabled.

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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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