The Retirement Funds Institute of Namibia "RFIN" is a non political body which represents and promotes the interests of the retirement industry in Namibia, to the ultimate benefit of the members of retirement funds. The most important function of RFIN is to represent the retirement industry in negotiations with government authorities, which would include commenting on legislation effecting retirement funds/pensioners etc. RFIN therefore depends on total support from all parties concerned with the retirement benefit provision industry.
RFIN is a non-profit organisation, which has a membership base which includes the disciplines associated with retirement benefits, including those administrators, actuaries, consultants, brokers and insurers insofar as their administration of retirement funds are concerned.
RFIN was established in the late 1990s, but went dormant for a few years and was then revived in 2004 by interested parties within the Government Institutions Pension Fund.
Our principal objective is to protect, promote and advance the interests of retirement funds as envisaged in act, their trustees, members and persons associated with such funds in Namibia.
During the first year, member funds were contacted and requested to pay the increased membership fees in the expectation of service delivery in the future. All member funds accepted the challenge and after another year of having limited services on offer, the Institute appointed 2009 a full-time General Manager and opened offices of its own.
Since then, the Institute could capitalise on the employment of a capable and fully competent General Manager, who enabled the Institute to become more efficient. A fully-fledged Strategic Planning session flowed from the efforts of the General Manager to clarify goals and objectives for the Institute as a whole.
During 2009, the Institute contributed to various important discussions influencing our environment in Namibia. These were, amongst others:
Further highlights of the past year were
New ventures for 2010 include:
The Retirements Funds Institute of Namibia still plans to become a Hub of Excellent Information over the next few years. We have started negotiations with experts to serve as referents for the Institute and hope to achieve some measure of success soon.