The Transport Sector Retirement Fund scooped the coveted Gold Standard award at the Institute of Retirement Funds Africa (IRFA) industry awards, which were held in Johannesburg on 23 January. The award recognises a fund that sets the benchmark in excellence in providing retirement benefits to local government employees.
The Best Practice Industry Awards (BPIA) encourage the boards of retirement funds to continuously strive to improve the performance of those funds. Old Mutual Corporate Consulting came out on top in the Financial Management and Reporting category, with Natal Joint Municipal Pension/Provident Funds taking first place in three categories: Governance, Transformation, and Stakeholder Engagement & Education. In the Investment category, the Transport Sector Retirement Fund again came out on top.