Worldwide Finance Awards 2020

48 Acquisition International - 2020 Worldwide Finance Awards ith a membership of more than 30,000 members, pensioners, dependent, and beneficiaries, the NJMPF is focused on providing superior retirement services and benefits to those individuals whilst always serving the best interests of members by ensuring a high standard of retirement services to provide financial security. In everything, the fund’s responsibilities include administration and sound investment of contributions through prudent investment risk parameters. Core values include honesty and integrity, effectiveness and efficiency, transparency and accountability, stakeholder satisfaction, and sustainability when protecting members’ vested rights. The work of the NJMPF is predominantly spread across three funds, namely the KwaZulu-Natal Joint Municipal Pension Fund (Superannuation), and the KwaZulu-Natal Joint Municipal Pension Fund (Retirement) which are both Defined Benefits Funds, and the KwaZulu-Natal Joint Municipal Provident Fund, which is a Defined Contribution Fund. The Fund operates in a demographically-diverse environment, where financial literacy and responsible financial behaviour strongly influences the socio-economic wellbeing of its constituents and the country as a whole. Hence, communication and education for a quality retirement lifestyle is a priority for management and staff at the NJMPF. In an environment where financial security and clean audit outcomes deteriorate year upon year, the NJMPF stands as a bastion of financial clarity and cleanliness. The good corporate governance practices of the firm, its trustees, and management, is evident for all The KwaZulu-Natal Joint Municipal Pension/Provident Funds (NJMPF) is one of the larger retirement funds in South Africa. With three funds that accommodate municipal employees and pensioners, the NJMPF employs an outstanding team that is responsible for the daily administration of the Fund, supervised by the board of trustees. Join us as we take a closer look at the various fund options it offers to recipients, and what makes it one of the finest fund management firms in South Africa this year. Best Fund Management Firm 2020 - South Africa W to see and helps to maintain the Fund’s position as an industry leader for all developments. With active relationships with the government regulators and industry bodies, the NJMPF is a willing participant in any new project or legislation and often leads the way. Over the years, the NJMPF has evolved methods used to communicated, inform, educate, and increase participation and access to knowledge for its membership. To accommodate those members who are hard of hearing for example, the NJMPF has introduced sign language enhancements in most of the visual video communication it provides. Since 2019, there have been NJMPF Audio newsletters made available to accommodate not only the members with sight disabilities, but also those who are unable or simply don’t like to read, especially financial jargon that might be a challenge to understand. The newsletters are voiced by a household name in KZN South Africa, Vicky Masuku, a retired radio personality form the Ukhozi FM radio station. Internally, the culture is just as exceptional at the NJMPF as its outward-facing funds and services for members and beneficiaries. The NJMPF has a team approach where everybody in the management team sits in one room and discusses topics. The Board of Trustees are very involved in the running of the Fund, and they meet at least once a month to receive administration reports, financial positions, and discuss matters arising in the Fund including projects and any new legislation. Every staff member is made to feel like they are part of a family, which also shines through to the members and beneficiaries with education programmes, levels of service, exceptional performance, and outstanding results. Looking to the future, the NJMPF has also got its finger on the societal pulse as well as the financial one. The Fund has recently undergone a change in senior management, and has now appointed its very first black CEO, and its first female CFO. Most African countries are developing, and South Africa has needed to transform to overcome its history of challenges and triumphs. Ultimately, the NJMPF has values that are entrenched in assisting members and providing support where it is possible. The financial acuity here is matched only by the desire to serve members as best the Fund possibly can, and the results are nothing short of exceptional. Company: KwaZulu-Natal Joint Municipal Pension/Provident Funds Contact: Mbalenhle Ntuli Website: http://www.njmpf.co.za/

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