Why you should attend the next Benefits Breakfast
Financial security is at the heart of a business’s employee benefits programme and NMG aims to equip employers with the confidence for correct decision-making that will be beneficial for employees. These decisions are meant to protect the ongoing health and retirement opportunities of employees and their families – while ensuring business success. We provide […]
Read more...NMG’s Benefit Benchmark Focus Group Event
On 15 February 2018, NMG held a Benefit Benchmarking study focus group event at the Holiday Inn Sandton. The event addressed concerns raised as a result of work done on the NMG Benefit Benchmark survey. The Benefit Benchmarking survey is still ongoing, and NMG has started to note some trends in the issues businesses […]
Read more...UK equity release: returning to respectability
In Part 1 of our focus on equity release, we identified the core drivers of a growing equity release market – particularly the gap between the income needs of retirees and the yield potential of their non-housing assets. The potential for an income gap is clear from the gulf between pension and net property […]
Read more...Developing and Implementing a Risk Governance Framework
Namfisa (Namibia Financial Institution Supervisory Authority), is in the process of reviewing its supervisory methodology and intends to deploy Risk Based Supervision (“RBS”). The implementation thereof intended to assist the authority in actively regulating risk as part of the greater Bills Implementation Project. Risk-Based Supervision is gradually becoming the dominant approach to regulatory supervision of […]
Read more...Rehabilitating UK equity release
Almost a dirty word following mis-selling incidents, equity release in the UK has experienced something of a renaissance in recent years. 2016 saw lending increase by 34% to pass £2bn for the first time, and Q3 2017 surpassed £800 million – the first quarter exceeding that figure and an increase of 18% on the […]
Read more...Service Model Stasis?
Topics in 401(k) Distribution: Second in a Series Advisors are about equally likely to recommend each of three service models tested in Retirement Services Intermediaries (RSI) studies: the traditional completely bundled service model (think Fidelity or Principal, 63%); the TPA interface service model (think John Hancock or Nationwide, 55%) and what we call a completely […]
Read more...Why Fidelity’s fulcrum fee model is more radical than it looks
The market reaction to Fidelity’s introduction of a “fulcrum” management fee model in its UK fund range from March 2018 has been – well – a bit underwhelming so far. Objections have included that base management fees are not changing much, that total fees are still too expensive, especially if the fund underperforms, and […]
Read more...Do Medium Advisors Deserve More Respect?
Topics in 401(k) Distribution: First in a Series For almost as long as Brightwork has segmented 401(k) advisors by the share of their practice income deriving from 401(k), providers have ignored Medium advisors (20% to < 60% of income, 29% of advisors) and focused instead on 401(k) specialists, or Heavy advisors (60% or more, 27% […]
Read more...PMR. Africa Business Excellence Awards
Congratulations and well done to the NMG Retirement Administration Business Unit who were awarded the PMR.africa Business Excellence Award (Silver). The purpose of the awards is to enhance competitiveness and to enhance and reward excellence in the industry and to set a benchmark. The PMR.frica completed its annual national survey on Pension Fund Administrators, Consultants, […]
Read more...Streamlined insurance distribution: a digital success story with lessons for wealth
The UK has a vigorous and innovative insurance industry which often leads its wealth and asset management peers in delivering customer value. The growth of streamlined insurance specialists using the digital channel to cost effectively distribute products and assistance is a notable success in its own right, and provides lessons for wealth and asset management. […]
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