Awards

The Institute of Retirement Funds Africa (IRFA) is an association that represents and promotes the interests of the retirement industry in South Africa and across the continent, to the ultimate benefit of the members of retirement funds. The most important function of the IRFA is to represent the retirement industry in negotiations with government authorities and regulators, which would include commenting on legislation and tax matters affecting retirement funds/pensioners etc. The IRFA therefore depends on total support from all parties concerned with the retirement benefit provision industry.

The Best Practices Industry Awards: This encourages excellence in communication between funds and their members. This annual award has since become a sought after trophy in the industry. The competition is open to all funds irrespective of their size to the benefit of its members and other interested parties, the IRFA holds an annual conference where speakers who are leaders in their fields address the delegates on current issues in the retirement industry. The competition is open to all funds irrespective of their size To the benefit of its members and other interested parties.

The Institute of Retirement Funds Africa (IRFA) annually hosts a Best Practice Awards programme for retirement funds to showcase the initiatives, engagements and projects they embarked on during the year.

The awards programme has certainly developed considerably since starting out as an incentive for recognising retirement fund communication practices over 35 years ago to cover compliance, innovation and excellence in 6 essential focus areas of retirement fund operation. The 6 focus areas include stakeholder engagement, transformation, trustee development, financial management and reporting, governance and investment practice.

The ISASA Pension Scheme and Provident Fund were recognised for their continuous efforts and received top honours for being the best in each of the above categories.

Award: Joint Gold Trophy – Main Entry

This is the 9th year in a row that the Funds have been recognised by their peers as a trailblazer in the industry and the first year they have won the overall Gold Trophy. This achievement is testament to the ongoing dedication and hard work of the Board of Trustees and the various sub-committees.

The ISASA Pension Scheme and Provident Fund is proud to announce that for the 2nd consecutive year we have been recognised for excellence in member communication.

The Funds have won the IRFA Best Practice Award in the Umbrella Fund category for its effective Member Communication Strategy (scoring 82%), as well as a Gold Standard Award (scoring more than 75%) for excellence in Financial Reporting.

In so doing, we scooped the main trophy from five other large umbrella funds in the country!!

• Trophy: Best Practices, Umbrella Fund Category: Communication Strategy

• Trophy: Best Practices, Umbrella Fund Category – Effective Member Communication Strategy
• Gold Standard Award: Umbrella Fund Category – Excellence in Financial Reporting

• Trophy: Best Practices, Umbrella Fund Category – Effective Member Communication Strategy
• Merit Certificate: Umbrella Fund Category – Innovative and Interactive Communication to Pensioners