NMG Benefits selects new CEO
Jacky Mathekga will lead NMG Benefits from 1 June, 2016. NMG Benefits today announced that its Board of Directors has appointed Jacky Mathekga as its new Chief Executive Officer, effective 1 June, 2016. Mathekga previously held the role of Executive Director – Strategy, managing key client relationships, partnerships and business development. NMG Benefits provides professional […]
Read more...Advised investors driving ETF growth
The 44 per cent growth in the Australian ETF market between 2013 and 2015 was fuelled primarily by advised SMSFs and retail investors, according to Vanguard and Tria Investment Partners. New research by Vanguard and Tria Investment Partners, based on share registry data, has identified advised investors as the driving force behind the rapid growth […]
Read more...Australian Federal Budget could reshape super industry: Tria Investment Partners
Last week’s federal budget measure outlining a $1.6 million lifetime cap on pension balances could prompt not-for-profit funds to shift to a ‘full service’ model, says Tria Investment Partners. In a Trialogue note on the impact of the proposed changes to superannuation in the 3 May federal budget, Tria Investment Partners said the introduction of a $1.6 […]
Read more...Super-focussed budget creates product opportunities outside of super
We have become accustomed to seeing all meaningful budget initiatives plastered across the front page of the press in the week leading up to budget night. But this year the government kept a few superannuation ‘enhancements’ up its sleeve, and the impacts will be felt across the industry. We focus here on just one of […]
Read more...GrabCar drivers to save with new usage-based insurance policy
Matthew Maguire, Partner of NMG’s Actuarial Consulting business and President of the Singapore Actuarial Society, was part of the expert panel at the AXA and Grab launch of usage-based insurance for private-hire car drivers. SINGAPORE — GrabCar drivers will now be able to pay for their commercial motor insurance according to the mileage on paid trips […]
Read more...Fiduciaries Topping Out?
401(k) Distribution: The Decade Just Ended – Second in a Series With the Department of Labor’s proposed fiduciary rule still under consideration, it’s informative to step back to see how 401(k) advisors themselves describe their responsibilities. Last year, two-thirds said they think of themselves as a fiduciary on the plans they sell. Conveniently, if perhaps […]
Read more...A maturing superannuation industry part II: no sign of an uptick in consolidation
We established in part I of this series that whilst the superannuation market will continue to grow for a long time yet, the organic growth rate (growth driven by flows, rather than investment returns) has almost halved over the last ten years, and will continue to come down. We also showed that the spoils of […]
Read more...Challenges and opportunities in life reinsurance in continental Europe
The continental European reinsurers are trying to explore new areas of business in the life insurance and sickness, given the continuous developments and the difficult market conditions. Prospects for modest growth for traditional reinsurance While globally the reinsurance growth rate has slowed down significantly, at a European level, the volume of premiums ceded shows a […]
Read more...Flaspöhler reveals risk pros’ first choices in P&C insurance
National Underwriter’s Risk Manager Choice Awards is a national survey conducted by Flaspöhler: Part of NMG Consulting. It recognizes the “top” Property & Casualty carriers named by risk professionals in their ongoing effort to mitigate exposures. The insurers listed represent the first choices of those who must ensure that all their insurance needs are met. […]
Read more...A maturing superannuation industry, part I: declining organic growth
Last week’s release of the 2015-16 Tria Super Funds Review showed that a meaningful proportion of large superannuation funds are in net outflow. APRA agreed, making public comments last week to the effect that 45% of the superannuation funds it regulates are not generating enough in contributions to offset benefits paid to members and balances […]
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