On 20th October 2011, the Johannesburg Stock Exchange, (JSE) hosted a conference for the benefit of trustees and principal officers of pension funds. JMCA’s investment department was involved with the organisation of this event and many of our trustees were able to attend the session, which was a great success. The conference offered insight and [...]
Our News
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JSE Conference: The Strategic Trustee
Posted on November 18th, 2011 in JMCA News
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Choosing a new Retirement Fund Administrator
Posted on November 18th, 2011 in JMCA News
Continue reading this releaseThe recent years have seen much activity in the administration arena as trustees have become increasingly disappointed with their administrators. Many funds are changing providers, but not all such changes have been successful, leading some boards to wonder: is it better to stick with the devil you know? In our view, a regular market survey [...]
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Tax Changes To Employer Owned Policies
Posted on November 18th, 2011 in JMCA News
Continue reading this releaseFollowing our newsletters of December 2010 and August 2011, a new Bill has been published and brings much needed clarity in the tax treatment of premiums of unapproved Group Life Assurance (GLA) Schemes and Permanent Health Insurance (PHI) Schemes (also referred to as Disability Income Schemes). The good news is that there is no need [...]
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August 2011 Balanced Funds Survey
Posted on October 10th, 2011 in JMCA News
Continue reading this releaseThis survey provides a comprehensive view of the performance of Balanced Funds in the South African and Namibian Market up to 1st May 2011. The survey is compiled from data obtained directly from the asset managers, and is a useful comparative tool in gauging how your investment portfolio compares to the rest of the market. [...]
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July 2011 Balanced Funds Survey
Posted on October 10th, 2011 in JMCA News
Continue reading this releaseThis survey provides a comprehensive view of the performance of Balanced Funds in the South African and Namibian Market up to 1st May 2011. The survey is compiled from data obtained directly from the asset managers, and is a useful comparative tool in gauging how your investment portfolio compares to the rest of the market. [...]
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June 2011 Balanced Funds Survey
Posted on October 10th, 2011 in JMCA News
Continue reading this releaseThis survey provides a comprehensive view of the performance of Balanced Funds in the South African and Namibian Market up to 1st May 2011. The survey is compiled from data obtained directly from the asset managers, and is a useful comparative tool in gauging how your investment portfolio compares to the rest of the market. [...]
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May 2011 Balanced Funds Survey
Posted on October 10th, 2011 in JMCA News
Continue reading this releaseThis survey provides a comprehensive view of the performance of Balanced Funds in the South African and Namibian Market up to 1st May 2011. The survey is compiled from data obtained directly from the asset managers, and is a useful comparative tool in gauging how your investment portfolio compares to the rest of the market. [...]
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NHI – the future of SA healthcare?
Posted on August 25th, 2011 in Industry News
Continue reading this releaseThe National Health Insurance (NHI) Green Paper of 12 August outlines, in broad strokes, the envisaged future of health care in South Africa. The paper lacks fine detail and is light on financial information. What it delivers, however, is the structure of health care provision that could be a reality 14 years from now. What [...]
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Taxation of retirement fund contributions
Posted on August 3rd, 2011 in Industry News
Continue reading this releaseProposed changes to the way retirement fund contributions are taxed are causing growing concerns among members and trustees. In a nutshell: Employer and member contributions are to be treated as a fringe benefit taxable in the hands of the member. Tax Deductible contributions are to be limited to 22.5% of taxable salary per annum Tax [...]
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Taxation of unapproved PHI Schemes
Posted on August 3rd, 2011 in Industry News
Continue reading this releaseIn December 2010 we commented on the tax changes in terms of the Taxation Laws Amendment Act 2010, with specific reference to the treatment of premiums to disability income schemes (i.e. Permanent Health Insurance – PHI Schemes). We noted that the Industry was in negotiations with National Treasury to clarify the latter’s intention with regard [...]
