Medical Aid plans - COVID-19 vaccine rollout | Myriad extension of Retirement Booster | Don't miss the Aquilo Awards.

How Multiply Money can help members achieve their savings goals.

We all have something worth saving for, whether it’s for that long-awaited holiday or special occasion, or simply to make provision for the rainy days. Saving may sometimes feel like an impossible task, but Multiply Money can help members get closer to their savings goals as it is designed to make them be more mindful of their spending. 

Momentum Health Solutions: COVID-19 newsletter

If enough South Africans get the COVID-19 vaccine, the country can achieve population immunity, which is the indirect protection from infectious disease that becomes possible when a sufficient percentage of a population has become immune to an infection, whether through vaccination or previous infections, thereby reducing the likelihood of infection for individuals who lack immunity.

Myriad extension of Retirement Booster value transfer linked to Complete Income Protector benefit

During the exciting launch of Myriad’s Complete Income Protector and Permanent Disability Enhancer (PDE) benefits early 2020, we communicated the intent for a once-off concession on Retirement Booster allocations following certain alterations involving the new benefits. This once-off transfer opportunity would have involved the transfer of your clients’ accumulated Retirement Booster allocations on qualifying benefits, which were replaced by a specific date. 

Myriad Regulatory Update: POPIA consent and debit order transactions between South Africa and Namibia

On 1 July 2021, the changes that were required to comply with the Protection of Personal Information Act, Act No. 4 of 2013 (the POPI Act) were implemented. These changes include the option to our clients to opt-in or opt-out of receiving electronic direct marketing from Momentum in the future. 

Investments: Legal update 8 of 2021: Access to retirement annuity and preservation fund benefits

This Legal Update replaces Legal Update 14 of 2020. Members of retirement annuity and preservation funds (referred to as retail funds) often request withdrawal of their benefits from the fund before they turn 55. This Update sets out when a member would be able to do so.

Investments: More dovish MPC kept repo rate at 3.5%, effect of riots on economic growth limited

All members of the Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 3.5%. The MPC still considers the risks to the consumer price inflation outlook to be on the upside. The South African Reserve Bank’s Quarterly Projection Model (QPM) predicts higher average CPI for 2021 and 2023 compared to the May estimate.

Investments: CPI subsided in June, but effects of riots unknown

June’s year-on-year headline consumer price inflation (CPI) rate decreased to 4.9% from 5.2% in May. Month-on-month headline CPI rose by a still subdued 0.2% in June compared to 0.1% in May. The lower year-on-year headline CPI rate in June was mostly caused by a smaller year-on-year increase in the price of fueI. CPI for July and August may receive upward pressure from municipal rate increases and the effect of the riots.

Investments: Sculpting an ‘optimal’ strategic asset allocation for the future

"Staying invested often sounds easier than it really is, due to our inherent desire to control our investment outcome", says Eugene Botha, Deputy CIO at Momentum Investments. “The problem is often that the focus becomes too short-term, risk is not clearly defined or understood, and we get swayed by our emotions, making it an increasingly difficult task to stick to a strategy that is designed for the longer term,” he adds.

How Multiply Money can help members achieve their savings goals.

We all have something worth saving for, whether it’s for that long-awaited holiday or special occasion, or simply to make provision for the rainy days. Saving may sometimes feel like an impossible task, but Multiply Money can help members get closer to their savings goals as it is designed to make them be more mindful of their spending. 

How Multiply Money can help members achieve their savings goals.

We all have something worth saving for, whether it’s for that long-awaited holiday or special occasion, or simply to make provision for the rainy days. Saving may sometimes feel like an impossible task, but Multiply Money can help members get closer to their savings goals as it is designed to make them be more mindful of their spending. 

MFP Outcome Matters: 29 July - you don't want to miss it

Have you RSVP’d yet? Give your clients the opportunity that offshore investments can produce. Investors are seeking offshore investment opportunities more than ever before. The global landscape can provide protection against political risk, economic risk and currency fluctuations. To RSVP, please click on the link below - it's not too late!