REMOVING THE FOREIGN ASSET LIMIT FOR ENDOWMENT ACCOUNTS

REMOVING THE FOREIGN ASSET LIMIT FOR ENDOWMENT ACCOUNTS

We are pleased to inform you that we have removed the foreign asset limit for the Allan Gray Endowment, effective 12 December 2018.

Endowment accounts will be allowed up to 100% in foreign assets, up from 60% since April 2018
As Living Annuity and Endowment investors use Allan Gray Life’s foreign asset allowance instead of their own, we need to manage Allan Gray Life’s overall foreign asset exposure to ensure that we comply with the South African Reserve Bank’s exchange control regulations.

Discovery Keycare

Discovery Keycare

Discovery has confirmed that they will not change the income brackets and premiums for the KeyCare Plus premiums as published previously, the premiums for 2019 will look as follows for the different income categories: