The past few years have seen a number of debates and developments in the medical scheme industry. When the regulators introduced the then new Medical Schemes Act some twenty years ago they left out two most critical components to support the survival of schemes. These were “compulsory membership” and “a risk equalisation funding model” which would ensure that the young and healthy lives participate in the system.
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.
On 18 November, Eskom implemented Stage One load shedding after struggling with coal supply issues for many weeks. On 19 November, the power utility announced that there would be a strong possibility that there will be load shedding during the festive season.
Proudly introducing STRATUM FUEL REWARDS – our brand-new rewards benefit that gives you more bang for your buck every time you fill up with diesel at a Shell service station.
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: