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National Social Security Fund
Published on 18 October, 2017
From the office of the Principal Executive Officer - It was recently confirmed that Government intends to push forward with the introduction of a National Social Security Fund (NSSF). This centrally managed public fund is aimed at providing pensions, death, disability benefits and unemployment benefits and will operate on a defined-benefit basis.
Published on 29 September, 2017
We are pleased to report that the respective NFMW investment portfolios are continuing to outperform their investment objectives. The latest portfolio returns are provided in this edition and also uploaded onto the fund website on a monthly basis. Members can register for the interactive facility, which enables them to access information on their current risk cover options, investment portfolios selected and their updated fund credit.
NFMW wins award!
Published on 12 September, 2017
The NFMW is honoured to have received this prestigious award which confirms our commitment to reach our objectives which are; to always keep our members informed about what is happening in their fund, educate them so they understand the benefits they enjoy as members, guide and provide them with the necessary tools through ongoing personal interaction and equip them to make informed decisions to ultimately retire financially sound.
Published on 31 May, 2017
In this edition we focus on the risk cover provided by the fund.
What is risk cover? It is the death and disability cover you elect to have in the fund, to make provision for the unforeseen. It is a re-insured benefit provided by Sanlam and every month the cost of the cover (depending on the risk cover option elected) is deducted from the employer contributions.
Published on 2 May, 2017
We already are in the second quarter of 2017 and with all the public holidays behind us for now, it is full speed ahead. This edition of the news update includes an article on the fund's investments, including life stages, member investment choice and portfolio switches.
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Enjoy reading and please feel free to contact us if you have any questions or require assistance with fund related matters.
News update - The impact of SA’s rating downgrade
Published on 4 April, 2017
President Zuma’s decision to remove the Finance Minister and undertake the most comprehensive Cabinet reshuffle since 1994 came as a shock to markets and investors, both locally and abroad, and put paid to speculation that he would temper his actions in the face of heated opposition from all quarters this week.