Management of the Fund

Management of the Fund

A board of trustees runs the NMG Umbrella SmartFund. The board is guided by the law and the rules of the fund.  There are four board members – two are independent and two are sponsor appointed.  The board has set up a vigorous governance framework to ensure that the fund is managed appropriately.

Each participating employer can choose to have a management committee. If there is a committee, members must be represented on the committee. If there is no management committee, the employer should appoint representatives to help manage the fund for its members.