[INFOGRAPHIC] Discovery announces changes for 2016.
Read more...[INFOGRAPHIC] Key statistics and trends in the medical scheme industry
NMG Benefits Actuarial and Specialised Services division have analysed the key statistics and trends in the medical scheme industry derived from the latest Council for Medical Schemes’ (‘CMS’) Annual Report 2014-2015, in conjunction with the previous CMS reports. The 15 largest open medical schemes as well as the Government Employees Medical Scheme have been considered, […]
Read more...[VIDEO] NMG Personal Wealth releases their explainer video, “Your Financial Destination”
Have you ever wondered what NMG personal financial planners do? Well, we have explained what we do for our clients in a 4 minute video entitled “Your Financial Destination”. Join us as we take you through various lifestages and illustrate what type of financial questions you may need to answer. Only 6% of South Africans […]
Read more...Toska Kouskos Talks Low Cost Medical Schemes
Low Cost Benefit Option (“LCBO”) Framework Approved by the Council for Medical Schemes (“CMS”) Your scheme may launch a Low Cost Benefit Option on 1 January 2016! With mounting cost pressures in the healthcare space, we have seen a mushrooming of different products [outside of the Medical Schemes Act (‘the Act”)] to provide a solution […]
Read more...Mercado Released [07 September 2015]: Emerging Markets Currencies Drop
Most commodities currencies have lost against the greenback this year. Currencies that are leading in losses are the Brazilian real and the Russian ruble. These currencies have declined 30.6% and 21.9% against the dollar, respectively this year. Currency volatility is on the rise especially for emerging markets because of subdued commodity prices and as investors […]
Read more...Andrew Warren interviewed on Metrofm
NMG Benefits CEO was interviewed on Metrofm by Rams Mabote. Issues covered were Employee Benefits for small businesses, BBB-EEE and procurement opportunities for small businesses at NMG. Also explored was NMG’S history of providing sound advice to all types of employers in South Africa.
Read more...Mercado Released [17 August 2015]: THE CHINESE YUAN
China sent shock waves through the market on Tuesday as it took steps to boost the economy by devaluing the currency by the most in two decades. The central bank cut its daily reference rate by 1.9% which caused the currency to weaken. The move had ripple effects across the globe as world markets posted […]
Read more...NMG Benefits welcomes National Treasury’s Retirement Reform proposals
The National Treasury recently released a statement outlining the first step towards implementing proposals that aim to lower charges and improve market conduct in the retirement fund industry. Read More
Read more...Decoding the investment universe
To some the word “investment” can be intimidating and something that is only accessible to the wealthy. And as such it can leave those apathetic, resulting in a reluctance to understand the importance of investing and the critical role it plays in one’s future prosperity. Other jargon and seemingly technical areas such as taxation, […]
Read more...Legal Update: Overview of new draft default regulations that affect retirement funds
National Treasury has published draft default proposals that follow from the Treasury paper, Charges in South African Retirement Funds, published in 2013. This paper highlighted the complex and opaque products with high charges in the SA retirement system. The draft default proposals are some of the first steps, together with the Treating Customers Fairly (TCF) […]
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