IRFA Best Practice Awards 2020

Over the past couple of years the Transport Sector Retirement Fund has received top honours in different categories at the annual IRFA Best Practice Awards.

The 2020 Awards Ceremony was held via Webinar on 22 July 2021.

Once again the Fund has proven to be a force to be reckoned with.

  • Gold Standard Award: The Fund was recognised as overall runner- up for meeting all the criteria in the following areas of excellence: governance: transformation; stakeholder engagement and education; investment practice; trustee development and financial management and reporting.
  • Best Practice Certificate: This year saw the Fund win its 7th, consecutive Award for best practice in Stakeholder Engagement and Education.

By entering this competition funds share their strategies and programmes with their peers in the industry which contributes to maintaining consistently high standards and practice throughout the retirement fund industry.

The Board of Trustees is proud to add another two awards to its collection and congratulates the Administration Sub-Committee for the exceptional work done in continuously improving on member communication and compliance.

The Fund will continue to strive to achieve high levels of performance, governance and compliance, in order to ensure that our members’ interests are consistently protected.

Awards

The Institute of Retirement Funds Africa (IRFA) is a non- political body which represents and promotes the interests of the retirement industry in Southern Africa, to the ultimate benefit of the members of retirement funds.

In order to encourage retirement funds to communicate with their members the IRFA instituted an annual communication competition to recognise and reward excellence in retirement fund communication. The competition was started in the 80s and since then the emphasis has moved from recognition of communication to rewarding funds for world-class communication efforts that empower members to truly understand the workings of their retirement fund.

Over the past couple of years the Transport Sector Retirement Fund has received top honours in different categories at the annual IRFA Communication Awards.