WELCOME
Welcome to the first edition of the Your Life newsletter for 2019. We are already in March and the Board of Trustees and Management wish you and your loved ones a wonderfully abundant, joyous New Year filled with treasured moments.
TIME TO PARTICIPATE IN THE FUND’S SURVEY AND STAND A CHANCE TO WIN A R1000 WOOLIES VOUCHER
We invite you to participate in our survey which should not take more than 5-10 minutes of your time.
WHAT YOU NEED TO KNOW ABOUT DEFAULT REGULATIONS
The new default regulations aim to improve the outcomes for members by ensuring that they get good value for their savings and retire comfortably.
FUND NOW ALSO ON FACEBOOK
We have good news for you! The Fund now has its very own Facebook Page in order to connect with you on social media.
INDUSTRY RECOGNITION FOR THE FUND YET AGAIN
The Fund has once again won an Institute of Retirement Funds Africa (IRFA) Best Practices Award at a special awards evening.
HOW ARE THE INVESTMENTS GROWING
See how your Fund portfolios have grown net of investment fees.
IMPROVED RISK BENEFITS
On 1 March 2019 the risk benefits of the funds changed. The good news is that you will be paying less for the Voluntary Funeral Benefit with the monthly premium decreasing from R20 per member, to R18.60 per member. Your cover remains unchanged.
IS CASH KING?
It has been a good few years for cash and, as can be seen from the Fund’s investment performance (in this newsletter), the Banker Portfolio (mainly money market and cash asset classes) provided a net return over the last 12 months of 8.47%.