RFS Fund Administrators recently hosted a stakeholder function to mark 27 years since the company’s incorporation and to acknowledge the continued confidence and support of its clients, regulators, business partners, members and the broader Namibian business community.
Current industry practice is for funds to insure their risk benefits and impose unspecified benefit limitations, restrictions, and exclusions as set out in the insurance policy but these are not reflected in the fund's rules.
FIMA may have fundamentally changed the economics of running a small retirement fund.