NJMPF has been awarded 4 Awards at the Stevie Award Competition.
1. Gold – Company of the Year – Financial Services
2. Bronze – NJMPF Interactive Website – Financial Services
3. Bronze – PR Innovation of the Year – Financial Services
4. Bronze – NJMPF Mobile Application (App) – Financial Services
Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 nominations each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.
The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2017 IBAs received entries from more than 60 nations and territories.
Nicknamed the Stevies for the Greek word for “crowned,” the awards will be presented to winners at a gala awards banquet at the W Hotel in Barcelona, Spain on 21 October.
A record total of more than 3,900 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Company of the Year, Marketing Campaign of the Year, Best New Product or Service of the Year, Startup of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others.
Stevie Award winners were determined by the average scores of more than 200 executives worldwide who participated on 12 juries.
“The IBA judges from across the world were highly impressed with the nominations they reviewed this year. With the level of achievement documented in the nominations from 60 nations, the Stevie Awards are proud to honor organizations that demonstrate a high level of achievement in a variety of industries” said Michael Gallagher, president and founder of the Stevie Awards. “We look forward to sharing many of these stories with people around the world over the coming months, through the Stevie Awards blog and social media channels, with the hope to inspire others to high achievement.”
On the 3rd of August 2017, the NJMPF was awarded ‘Best Financial Services’ by the KZN Top Business Awards 2017.
The KwaZulu-Natal (KZN) Top Business Awards has been promoting business and investment in the Province for over 19 years and showcases the many companies and organisations which contribute to the Province’s ongoing success. The awards programme have firmly established themselves as a highlight of the KZN business calendar and celebrate successful companies and organisations in KZN. Each of the awards on offer celebrate and recognise business and organisational success across the economic sectors in both the private and public arenas.
During August 2017, the Fund’s Principal Officer/ CEO has been awarded Best CEO: – Pension Fund Industry South Africa by the European CEO media group. This award in the global arena affirms the astute leadership and governance culture applied at the NJMPF. This is a great achievement for Sam Camilleri, the NJMPF and KwaZulu-Natal.
The European CEO Awards recognises companies that are pushing the envelope in business, and the executives that make this progress possible. Without guidance and encouragement, even the finest talent can go to waste. In companies large and small, the tone and nature of this support is set by the CEO who is responsible for the company culture.
Winning awards is merely an outcome of doing the right things well.
The NJMPF has been acknowledged for excellence by the Institute of Retirement Funds Africa (IRFA) and the Council for Retirement Funds in South Africa (Batseta) as well as Africa Investor (Ai), CFI, The-European and WorldPensionSummit Innovation Awards.
The Natal Joint Municipal Pension/Provident Funds (NJMPF) is a leader amongst its peers in the industry. It has gained recognition for its consistent excellence, amongst others; in governance, communications and education/training practices, treating customers fairly and investment performance/practices. Over the years, NJMPF has notched up a commendable list of Awards in the industry, both locally and internationally. The following is a summary of more than twenty Awards won by NJMPF, the Pension Fund of choice in Kwa-Zulu Natal.
Interview video of NJMPF Sam Camilleri (CEO/Principal Officer) at TIMA Studios in London, with regards to NJMPF crowned as the ‘Best Performing Pension Fund of the year in South Africa 2016’
The European Banking & Finance is a distribution network that includes some of the most senior decision makers around the world. The European is a syndicated news partner of Thomson Reuters and is committed to the very highest level of journalism, bringing together the collective thinking of the most respected business personalities of our time. The European Banking & Finance has awarded the following award to NJMPF, viz.
Best Performing Pension Fund Of The Year – South Africa 2016.
The accolades bestowed upon NJMPF speak for themselves. Internationally and locally, NJMPF has distinguished itself as a pension fund where ‘best practice’ is keenly embraced and has become part of its culture. NJMPF truly lives up to its mission to provide a superior retirement service and benefits to its members, beneficiaries and pensioners. With its record in the industry, NJMPF is well positioned to play a leading role in South Africa’s retirement industry.
The Fund has yet again been recognised by The European publication on their European Global Banking & Finance Awards for 2017 in the below listed categories:
Performing Pension Fund of the Year – South Africa 2017
Sam Camilleri Best – Financial CEO of the Year – South Africa 2017
The European Global Banking & Finance award programme recognises organisations and individuals that stand out from the crowd and are consequently moving their industries forward. Good governance, innovation, know-how and quality of service are all major considerations.
The Pensions and Investments World Pension Summit held its 7th conference on the 9th and 10th of November 2016 in The Hague, Netherlands. The Summit is a unique global event that brings together pension professionals, asset owners and asset managers from around the world to discuss ways to provide adequate pension provisions for fund participants. The theme for 2016 focused on ‘Managing Rising Risks’.
As part of the Summit the Innovation Awards were held on the 10th of November to honour great retirement fund initiatives and retirement funds that have developed proven solutions. The Innovation Awards program focuses on funds that use innovation to drive their pension funds and the industry forward.
We are excited to announce that The Natal Joint Municipal Pension/Provident Funds (NJMPF) was recognised for innovation-excellence as overall winner in the following categories; Communications, Investments and Technology Innovations. A special mention during the awards ceremony was announced for the value-added by the NJMPF in the following segments;
Once again NJMPF has been noticed for excellence and exceeding expectations on the world stage! This is positive feedback for the South African retirement industry and Africa as a whole, because it indicates that African funds are doing something right.
GLOBAL RECOGNITION FOR NATAL JOINT MUNICIPAL PENSION FUND (NJMPF)
On 19 September 2016 Sam Camilleri, CEO and Principal Officer of NJMPF, was awarded the ‘Up and Coming African Institutional Investment Personality of the Year’ at the Africa Investor summit in New York. Africa Investor is a leading international investment and communications group. Some of the sponsors to the summit included the New York Stock Exchange, Nasdaq, Nepad, World Bank, Thompson Reuters, Office of the Special Advisor on Africa and the World Pension Council. The purpose of these awards is to profile African Capital Market success stories to the global investment community. NJMPF is constantly exploring ways to add value to its members and pensioners by benchmarking its processes and benefits against those of global and local pension funds. To receive independent recognition from the global community encourages the NJMPF to continue setting the benchmarks for the retirement funding industry. Winning awards is merely an outcome of doing the right things well. This latest award adds to the long list of twenty five ready received by NJMPF and is a great achievement for Sam Camilleri, the NJMPF, KwaZulu-Natal and South Africa. NJMPF lives by its motto: “Superior Retirement services and benefits for members and pensioners!”
NJMPF has aggressively sought to change the demographic profile of its workforce, policies and procedures to be more representative of its membership and IRFA awarded NJMPF with a Merit certificate for Excellence in Alignment of Previously Disadvantaged Fund to the Previously Advantaged Fund in 2015. This award showed the conduct by the Fund to eliminate past weaknesses.
African Pension Fund Initiative of the year Award
The NJMPF was declared the winner of the “African Pension Fund Initiative of the year” at the prestigious Africa investor Capital Market Index Series Awards in 2015.
The awards are based on the Africa investor Index Series and they are designed to recognize Africa’s best performing stock exchanges, listed companies, investment banks, research teams, regulators, socially responsible companies and fund managers.
The awards were presented at the leading international investment and communications group Africa investor Summit during September 2015, a unique African Capital Markets event. Supporting partners for the event included the New York Stock Exchange, World Bank, Thompson Reuters, Office of the Special Advisor on Africa and the World Pension Council.
Capital Finance International (CFI.co), a London based print journal and online resource reporting on business, economics and finance aims to reward best practice found anywhere in the world through its Awards Programme. It awarded NJMPF with the following awards, viz.
– Best Retirement Services South Africa 2016, and
– Best Corporate Governance Pension Funds South Africa 2016.
Judge’s comments: “Transparency, efficiency, loyalty, diligence, and excellence: The guiding principles of, and daily practice at, the Natal Joint Municipal Pension Fund (NJMPF). Whilst some may not consider the administration of pension funds the most thrilling of financial pursuits, protecting and growing the savings of subscribers over extended timespans is one of the more exacting branches of the financial services industry.
Operating in a dynamic economic environment, the NJMPF Board of Trustees has deftly and expertly managed to identify long-term trends and pick the winners worthy of investment. With exquisitely balanced and prudent risk profiles that blend stability to long-term growth, the fund’s experienced managers succeeded in outperforming the broader market time and again.”
In 2017 the NJMPF has won 3 international awards at the cfi.co awards programme in the following categories;
Each year, Capital Finance International (cfi.co) a respected London based publication, seeks out organisations that contribute significantly to the convergence of economies and truly add value for all stakeholders. Realising that best practice is to be found throughout the world, their awards programme aims to identify and reward excellence wherever it is found in the hope to inspire others to further improve their own performance.
The NJMPF was crowned overall winner in three out of six categories of the Institute of Retirement Funds Africa’s 2016 Best Practices Industry Awards, in the following categories:
Judges declared the NJMPF the outright winner in these categories in a tough competition, with double the number of entries over the previous years. ‘Most Awarded Pension Fund’ NJMPF continues to set the benchmark for best practice in the industry. Members and pensioners can rest assured their funds are in good and safe hands.
The aim was to identify the Fund that communicated pension legislation, policies and Trustee decisions affecting members in a clear informative style, to ensure that key stakeholders were well informed of current developments and future changes affecting their retirement benefits.
The Institute of Retirement Funds Africa (IRFA), a non-profit body representing the interests of the retirement industry in Southern Africa has awarded NJMPF with a series of Communication awards during; 2011, 2012, 2013, 2014 and 2015. Note the consistency of winning this award.
Trustee Development Awards
The Pension Fund Act has prescribed a number of “fit and proper requirements for trustees.” The aim of the award was to acknowledge the Pension Fund that had shown the greatest commitment and practical demonstration of its roll out of education programmes to develop trustees.
IRFA awarded NJMPF with the Trophy/Industry winner for excellence in Trustee Development as well as a Merit Certificate in Trustee Training, both in 2015.
Treating Customers Fairly (TCF) Awards
South Africa is moving towards a “twin peaks” model as the basis for regulation of regulated financial institutions. The two peaks are prudential (financial) regulation and market conduct regulation. TCF forms a key pillar of this model and applies equally to pensions funds. The award recognizes the Fund which has made the most progress in embedding TCF in its culture. IRFA awarded NJMPF with a Merit certificate for Treating Customers Fairly for Internal Training in 2015.
Legal and Technical Compliance Awards
Protecting the ‘nest egg’ is a key responsibility of the Pension Fund. Trustees have a duty to act with due care, diligence and in good faith and take all reasonable steps to ensure that the interests of members in terms of the rules of the fund and the provisions of the Act are protected at all times. The Award recognizes the Fund that has a well-developed culture of compliance with the statutory requirements including good corporate governance structures
IRFA awarded NJMPF with Legal and Technical Compliance awards in 2013 and 2014.
This is further supported by the Funds subscription to the Institute of Directors Governance Assessment Instrument. The assessment criterion is based on the principals and recommendations contained in King III and a measure and an enabler of good corporate governance structures, policies and procedures. In this regard the Fund has achieved an overall score of AAA, which is the highest application possible.
Financial Control, Knowledge and Understanding Awards
A recent campaign promoted by the Council of Retirement Funds South Africa (Batseta), which is a non-political body looking after the interests of retirement funds stakeholders is promoting member education on financial literacy. Batseta awards excellence by retirement funds and allow for Funds to show how they educate their members using practical easy to implement financial tools. Batseta has awarded NJMPF with the following awards, viz. Trophy/Industry winner for member education in Financial Control; and Trophy/Industry winner for member education in Financial Knowledge and Understanding in 2015.
Batesta awarded NJMPF Industry Winner for Financial Knowledge and Understanding for member education in 2016 this being the second year in a row the Fund is receiving the award in this category. The award this year was for the aggressive roll out of the Fund’s interactive website which included four easy-to-use Financial Calculators and breakdown of the Net Replacement Ratio. You can go to the website; www.njmpf.co.za to view the financial tools.
Investment Performance Award
All Pension Funds have a key objective of earning superior, above average returns for their members on a sustained basis. This award recognizes the Pension Fund that has been achieving this objective on a consistent basis.
IRFA awarded NJMPF with a Trophy/Industry winner for Investment Performance and Merit Certificate for SRI (Socially Responsible Investing) and ESG (Environmental, Social & Governance) in 2014.
Good investment performance has resulted in improved benefits for NJMPF members and pensioners over the past 5 years, as the following record shows:
Superannuation Fund benefits have improved by 78%. This means NJMPF has been able to provide pension increases of 36.59% plus bonuses/13th cheques of 41.65%.
Retirement Fund benefits have improved by 65% and NJMPF has been able to give pension increases of 39.97% and bonuses/13th cheques of 24.99%.
In 2015, NJMPF provided benefits totalling 22.73% to pensioners, which consisted of a 14.40% increase as well as a 13th cheque of 8.33%.
The Provident Fund is consistently ranked in the top quartile because of the good investment performance. This makes the Provident Fund one of the country’s top investment managers. If one had invested an amount of R1 million in the year 2000 in the Provident Fund the investment earnings would have increased significantly by eightfold, to be worth more than R 9 million in the year 2016 (after costs).