Dear Retirement Funds and investment industry stakeholders,
I have the pleasure of sharing with you the 2023 National Fund for Municipal Workers (NFMW) Intergrated report https://lnkd.in/dXBY9DfF
Also, take a look at the 3-minute video with highlights for the period under review (shared under this post).
I remember in 2021, the Board of Trustees of NFMW/Fund made a decision that the Fund would not be participating in industry recognition awards, where the Fund has to make a submission to the awarding body, such as industry associations/bodies, for assessment and evaluations of “entries” in order to give the award/recognition. This decision came at the back of so many awards that NFMW had received in previous years, with the last of these awards coming from the Institute of Retirement Funds Africa, recognising NFMW as the overall winner(best in class award) for governance across retirement funds in South Africa.
So, after having received many of these awards and accolades, the Fund consciously decided to focus on serving its members and transforming their lives without the expectation of being recognised after the application of some evaluation matrix by the awarding institution. It is only now that I came across this statement by Rhodes University regarding the “university rankings”, which can be likened to these industry recognition awards: https://lnkd.in/dN4ymubv
NFMW will focus on what we believe is important to & for our members: superior value proposition for our members, transforming the lives of our members & their beneficiaries, positively impacting our members and society, without expectation of recognition; we are serving.
Our members and society will receive the “awards” from and for our efforts.
That is why you may not have seen NFMW represented at the industry awards ceremonies over the last two years, and it will be so going forward (or until the Board changes its view on the matter).
We also recognise that many other retirement funds are doing excellent work but have never received an award(s); thank you for the job you are doing for your members. To those retirement funds that need help, please reach out to those who have already done what you are thinking of doing.
Enjoy your holiday season, and have a merry Christmas and all the best for the new year.
Apologies for the long post; I know the holiday season has already started for some😅😅
NFMW Key highlights for the period 1 July 2022 to 30 June 2023!