National Fund for Municipal Workers (NFMW)

Contact Details

Physical Address: Section 1, Business Park @ Zambezi 860, Milkplum Street, Montana, 0182
Postal Address: PO Box 15515, Sinoville, 0129
Telephone: +27(0)12 743 3000
Website
Email

Industry

Retirement Fund for Officials and Councillors in Local Government

Organisation Profile


THE NATIONAL FUND FOR MUNICIPAL WORKERS (NFMW) IS THE LARGEST FUND WITHIN LOCAL GOVERNMENT, with a membership base of more than 47 000 (employees and councillors) throughout South Africa.

The fund is managed by a Board of Trustees consisting of 12 member representatives and one employer representative. This means more than 90% of the Trustees are members of the fund.

The NFMW’s excellent long-term investment performance track record puts it on par with the best global balanced managed portfolios in South Africa and ahead of its peers in Local Government.

We pride ourselves in providing excellent service and the administration cost is one of the lowest in the industry, which translates to less of our members' contributions going towards cost and more towards retirement savings.

Our objectives

To always keep our members informed about what is happening in the fund; educate them so they understand the benefits they enjoy as members; guide and provide them with the necessary tools through ongoing interaction; and equip them to make informed decisions to ultimately retire financially sound.

Our vision

To be the benchmark of excellence in providing retirement benefits to local government employees indicates that we endeavour to provide a correct and personalised service to each member of this Fund.

Our mission

To provide financial security to members and their dependents. This is to be achieved by managing the fund in a professional and efficient manner, with the prime focus being on growing the retirement benefits in a competitive and risk conscious manner.