RFIN announces new strategy
Improved service offering
Since its establishment in 1997, RFIN has been dedicated to serving as an authentic representative body for the retirement funds industry in Namibia.
The Retirement Fund Institute of Namibia (RFIN) has announced significant structural changes implemented from May, aiming to enhance value, improve member services and optimise efficiency, with completion by July.
Since its establishment in 1997, RFIN has been dedicated to serving as an authentic representative body for the retirement funds industry in Namibia. "Our mission has been to address issues affecting the retirement funds industry at large and to bring together various organisations and individuals whose functions are related to serving the retirement funds industry and its members," its chairperson Yvette Mtolo-Phiri said.
"In our ongoing efforts to better serve you and fulfil the Institute’s mission, the board of directors has resolved to implement an outsourced management model for the RFIN secretariat. This strategic decision was not taken lightly; it was made after careful consideration and thorough evaluation of our current operational needs and future goals. Under this new model, a management consultant will be responsible for performing the functions of the RFIN secretariat," she added.
Consultant's role
The consultant's role will include consulting with the board to ensure alignment with strategic goals, developing and implementing RFIN policies and programmes, mobilising members to foster a more engaged and active membership, and engaging with retirement fund regulators and other industry stakeholders to ensure compliance and collaboration, Mtolo-Phiri explained.
"The management consultant will be expected to provide exceptional technical support and must possess an in-depth understanding of the legal framework governing the pension funds industry. Their expertise will be instrumental in navigating the complexities of our industry and addressing the pertinent issues that impact our members.
"We believe these changes will position RFIN to deliver even greater value to our members and enhance our ability to address evolving challenges within the retirement funds industry. Rest assured, these changes were made with the utmost care and consideration for the long-term benefit of our members and the industry we serve," she added.
State of transition
According to her, RFIN was in a state of transition and would require the patience of its members.
"The institute is hence in a transition phase. We humbly ask for your patience and understanding during the next few months until the new envisaged structure is fully operational. The annual general meeting and continuation of our training programmes will occur over the last quarter of the year, while the RFIN flagship industry programme is set to take place in 2025.
"We thank you for your continued support on this exciting journey ahead as we endeavour to unpack the RFIN value proposition together, for the ultimate benefit of our members and the industry we all so passionately serve," Mtolo-Phiri said.
Since its establishment in 1997, RFIN has been dedicated to serving as an authentic representative body for the retirement funds industry in Namibia. "Our mission has been to address issues affecting the retirement funds industry at large and to bring together various organisations and individuals whose functions are related to serving the retirement funds industry and its members," its chairperson Yvette Mtolo-Phiri said.
"In our ongoing efforts to better serve you and fulfil the Institute’s mission, the board of directors has resolved to implement an outsourced management model for the RFIN secretariat. This strategic decision was not taken lightly; it was made after careful consideration and thorough evaluation of our current operational needs and future goals. Under this new model, a management consultant will be responsible for performing the functions of the RFIN secretariat," she added.
Consultant's role
The consultant's role will include consulting with the board to ensure alignment with strategic goals, developing and implementing RFIN policies and programmes, mobilising members to foster a more engaged and active membership, and engaging with retirement fund regulators and other industry stakeholders to ensure compliance and collaboration, Mtolo-Phiri explained.
"The management consultant will be expected to provide exceptional technical support and must possess an in-depth understanding of the legal framework governing the pension funds industry. Their expertise will be instrumental in navigating the complexities of our industry and addressing the pertinent issues that impact our members.
"We believe these changes will position RFIN to deliver even greater value to our members and enhance our ability to address evolving challenges within the retirement funds industry. Rest assured, these changes were made with the utmost care and consideration for the long-term benefit of our members and the industry we serve," she added.
State of transition
According to her, RFIN was in a state of transition and would require the patience of its members.
"The institute is hence in a transition phase. We humbly ask for your patience and understanding during the next few months until the new envisaged structure is fully operational. The annual general meeting and continuation of our training programmes will occur over the last quarter of the year, while the RFIN flagship industry programme is set to take place in 2025.
"We thank you for your continued support on this exciting journey ahead as we endeavour to unpack the RFIN value proposition together, for the ultimate benefit of our members and the industry we all so passionately serve," Mtolo-Phiri said.
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