It’s not easy being small
It’s not easy being small Friday saw the release of our 2014-15 Tria Super Funds Review with hard copies hitting desks this week. One of the themes highlighted is that despite the superannuation industry being very fragmented (the largest market share sits at just 5%), there is a distinct group of very large funds with […]
Read more...Low Cost Healthcare Solutions For Employers
Quarter 1 – 2015 Low cost healthcare solutions for employees – a minefield for the employer If you are facing the dilemma of “what solutions are there for my employees who cannot afford medical scheme cover?” you are not alone. Many employers across South Africa, face the same challenge. All medical schemes have to provide […]
Read more...NMG Mercado Released [30 March 2015]
LOCAL MARKETS CLOSE IN POSTIVE TERRITORY South African markets closed in positive territory at the end of last week, as a recovery in industrial stocks gave markets a boost. Mining shares performed poorly throughout Friday, despite the stocks being considered as undervalued. The weaker local currency has failed to assist firms within the sector. Global […]
Read more...Avoiding the potholes on the road to MyPension
Retirement income was widely considered as the unfinished business of the Cooper Review. Last year’s Financial System Inquiry called for each super fund to implement a Comprehensive Income Product for Retirement (CIPR) that would provide income, longevity risk management, and flexibility, and argues that trustees are well placed to do so. But are most super […]
Read more...NMG Mercado Released [23 March 2015]
The current account deficit narrowed to 5.1% of GDP for the fourth quarter of 2014, whilst economists had expected a gap of 5.8%. Exports gained during the last three months of the year, as a result of a decreased number of strikes and normal trading activity. On a year-on-year basis, the deficit narrowed to 5.4% […]
Read more...Toska Kouskos Highlights 12 Healthcare Industry Hot Topics In Quarter 1, 2015
In my first Industry Update for 2015, I highlight 12 salient topics in the South African healthcare industry. Demarcation Debate Supplementary Levy for Medical Schemes CMS publication – Categorisation of Assets CMS publication – Guidelines for introduction of a Low Cost Benefit Option (LCBO) CMS Indaba feedback CMS Circular 20 of 2015 – Notice of […]
Read more...Looking at Magellan’s MGE structure
Magellan Financial Group has been an unquestionable Australian success in global equities asset management in recent years, the most significant since Kerr Nielsen’s Platinum Asset Management. Magellan has been proactive in addressing the major Australian retail channels and segments. Its LIC (ASX: MFF), and $8bn of unlisted funds, have been followed in in early March […]
Read more...Super switching – how much money changes hands each year?
When choice of super fund was introduced around a decade ago, there were predictions of mass switching by members, with negative consequences for default super funds. So what has been the experience? How much super AUM changes hand each year as members (and employers) change funds? For most super members, their super fund is chosen […]
Read more...NMG Mercado Released [9 March 2015]
Local markets ended the week in positive territory, supported by industrials and banks. Better-than-expected US payroll data assisted in boosting stocks, however the data also pushed the rand to its lowest level since 2001. The rand fell to R12.10 against the US dollar, from R11.73 in earlier trade. The rand looks to decline even further, […]
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