In this financial year we budget to spend close to 1.3% of total revenue on what is generally referred to as ‘social responsibility’. This is in line with what we have been doing since the company was established and exceeds the 0.5% set in our policy. In fact, RFS has embraced its responsibility in this regard even before it’s was able to pay any remuneration to its founding directors!

As is quite typical for RFS we usually do not do what everybody else does. We are different – we do not spend shareholders money just to meet our obligations. We apply our personal conviction, capacity and time to benefit in a meaningful way the community we serve.

First and foremost, it is our conviction that the foundation for economic progress of the country is an educated youth. We therefore place great emphasis on education and the youth of our country.

Once again in our drive to be unique, our single most costly project is the monthly Benchtest newsletter aimed at educating trustees and business people, that is well appreciated by a wide readership and often praised by our readers. We do make reference to these compliments in the newsletter on a regular basis – refer to the comment below.  The cost of producing the technical content of the monthly Benchtest newsletter amounts to roughly 0.4% of total revenue, in relative terms close to or even higher than what many other companies’ total spend in this regard is!

• A number of other commitments of our staff that are supported by the company and reflect our unique approach, are:
• Active engagement in industry bodies of a number of senior staff.
• Active engagement in and support of Projekt Lilie (a project supporting education).
• Sponsorship of SKW/RFS Annual Youth Soccer tournament.
• Sponsorship of Namcol and Polytechnic bursaries for outstanding performance of students.
• Active engagement in and support of the Okanti Foundation (medical support of children with rare diseases).
• Active engagement in and support of school hockey.
• Support of DSSW/ RFS Annual Secondary Schools Soccer tournament.
• Support of numerous sport events where staff is actively engaged.

Important notice and disclaimer
This article summarises the understanding, observation and notes of the author and lays no claim on accuracy, correctness or completeness. Retirement Fund Solutions Namibia (Pty) Ltd does not accept any liability for the content of this contribution and no decision should be taken on the basis of the information contained herein before having confirmed the detail with the relevant party. Any views expressed herein are those of the author and not necessarily those of Retirement Fund Solutions.