MoneyMarketing

Industry News

07 Jul 2021

How DSPs help to make medical aid more affordable

With healthcare inflation continually on the increase, medical schemes must find ways to keep contributions as affordable as possible for their members while still ensuring that they receive quality of care. One of these ways is through negotiation with groups of hospitals, doctors and pharmacies for better tariffs in return for directing members their way. These groups then become the scheme’s Designated Service Providers (DSPs).

07 Jul 2021

How trustees can help to improve retirement outcomes for members

Investment performance, governance and communication are the key challenges trustees face in their efforts to ensure members of retirement funds get what they need from retirement. This is according to Richard Carter, trustee of the Allan Gray retirement funds, while moderating the “Governance and regulation” panel at the inaugural Allan Gray Retirement Benefits Conference.
07 Jul 2021

Franklin Templeton and three affiliates join Net Zero Asset Managers Initiative

The Franklin Templeton Investment groups and three of their affiliated specialist investment managers ClearBridge Investments, Brandywine Global and Martin Currie -- are delighted to announce that they have joined the industry-leading Net Zero Asset Managers Initiative. These four signatories collectively represent more than US$948 billion in assets under management (AUM).
06 Jul 2021

Ninety One first SA signatory to Net Zero Asset Managers Initiative

Ninety One is proud to become the first South African signatory to the Net Zero Asset Managers Initiative, which supports institutional investing aligned with the global goal of net zero emissions by 2050 or sooner.
06 Jul 2021

The fundamental principles of savings your clients need to know

The truth is, frugality simply means applying a bit of thought to how you spend your money. It is not about being cheap or stingy; it is about taking control. That is, waste neither time nor money, but make the best use of both. National Savings Month in South Africa, a month dedicated to raising savings awareness, is an opportune time for us to remind ourselves, and our clients, of the fundamental principles of savings.
06 Jul 2021

Provident fund rapped for placing sisters' benefits in beneficiary fund

In a recent determination involving the Old Mutual Superfund Provident Fund, the Pension Funds Adjudicator, Muvhango Lukhaimane, expressed her dissatisfaction with a decision by the fund to make payment of a death benefit allocated to adult beneficiaries to the Fairheads Independent Beneficiary Fund.
06 Jul 2021

Financial planning basics to help you save

The Covid-19 pandemic has put significant strain on the finances and financial planning of all people and companies. The weakening South African economy and highest unemployment rate in 12 years place even more stress on our pandemic-affected population. As a result, overdue debt balances have increased for many people, who rely on their credit to keep going.
06 Jul 2021

Hollard launches Hollard Life Select

Hollard Life Solutions has launched its Life Select product to further simplify intermediary and client understanding of its benefits, retain its competitive value and ensure ease of doing business. The Life Select product provides life cover, disability, critical illness and income protection benefits.
06 Jul 2021

Level 4 lockdown may continue beyond initial 2-week period

It was a busy week in South Africa, with a worsening third wave of coronavirus infections, a deluge of economic data releases that provide detail on the nature of the recovery, a notable court case and a special birthday. Starting with Covid-19, the continued increase in daily new infections to record levels and the pressure on hospitals, particularly in Gauteng, suggest the Level 4 lockdown will continue beyond the initial two-week period
05 Jul 2021

The potential benefits of blending active and index

Discussions of active and index investing shouldn’t be about picking sides. That’s just not what investing is about – investing is as much about what works together as what works best.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za