The Motor Industry Retirement Fund (MIRF) in South Africa consists of retirement savings funds for employees of the motor industry. The Funds are managed by a Board of Trustees, who are responsible for making decisions regarding the Funds’ investments, to ensure that our members’ retirement savings are managed responsibly and efficiently.
We abide to the Pension Fund Act and the rules and regulations set by the Financial Services. Conduct Authority (‘FSCA’). We know and understand the importance of saving your hard-earned money and we commit to work in your best interests and ensure that your retirement savings are secure and well-managed.
Our focus is on education and empowerment of our members on topics that are of benefit to you. We want to make it easier for you to access whatever information you require, in respect of your retirement savings.
Motor Industry Retirement Funds have over 250 000 members and total assets of almost R40 billion.
The Motor Industry Retirement Fund (MIRF) is comprised of five funds: the Auto Workers’ Provident Fund, the Motor Industry Provident Fund, the Copartes Pension Fund, the Motor Industry Pension Fund (2005), and the Motor Industry Beneficiary Fund. MIRF provides retirement solutions to over 250 000 active members and has a total asset value of almost R40 billion. MIRF aims to provide the most secure retirement solutions to employers and employees in the retail sector of the South African motor industry.
MIRF provides retirement solutions to over 250 000 active members and has a total asset value of almost R40 billion. It aims to provide the most secure retirement solutions to employers and employees in the retail sector of the South African motor industry. MIRF is managed by the Principal Officer, Mr Adam Esat, who ensures compliance of the Funds with all legal, financial, and regulatory requirements.
The Motor Industry Fund Administrators (MIFA) is registered as a retirement fund administrator in terms of Section 13B of the Pension Funds Act and is responsible for the administration and management of the five MIRF Funds. MIFA has its own Board of Directors and its employees are well-positioned to meet the requirements of the funds and provide the necessary support to MIRF members.
MIRF has a long and mutually supportive relationship with MIBCO, as the bargaining council for the motor industry. MIRF has contracted MIBCO to collect member contributions from the employers. MIBCO also supports MIRF by ensuring that the employers are informed about and engaged on aspects relating to the funds.
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We strive to assist all our members, beneficiaries and stakeholders. Please use the enquiry form to direct any questions you may have regarding the funds.