Consumer Financial Vulnerability
Index: Q4 2020
Consumer financial vulnerability levels improve, but their finances remain under pressure
Some of the financial strain that several consumers had to endure during the initial lockdown periods early in 2020 dissipated during the fourth quarter of 2020 (Q4 2020). This is evident from the Momentum-Unisa Consumer Financial Vulnerability Index (CFVI), which recovered to 47.5 points in Q4 2020 from 43.5 points in Q3 2020.
Momentum Health Solutions confirms COVID-19 vaccination funding for members and clients
Momentum Health Solutions believes that medical schemes and health insurers have an important role to play in ensuring that all members of society have equal opportunity to receive the COVID-19 vaccine, particularly the most at-risk members of the South African population. As such, members of all Momentum Health Solutions administered medical schemes, as well as members of Momentum’s affordable healthcare product, Health4Me, will be covered for the COVID-19 vaccine.
Consumer financial vulnerability index: Q3 2020
Consumer finances under less pressure, but the road to recovery will be tough
The government’s decision to allow more economic activity during the third quarter of 2020 (Q3 2020) relieved some of the financial strain that several consumers had to endure during Q2 2020.
Momentum Investments’ international investment management division
acquires UK-based asset manager
Momentum Investments’ international investment management division, Momentum Global Investment Management (MGIM), has made a significant acquisition which will increase its market share in the UK and its other global markets.
Momentum will not renew its One-Day cricket sponsorship, but continues to support women’s team
Financial services provider Momentum announced today that they will not be renewing their sponsorship of One-Day cricket when their contract with Cricket South Africa (CSA) expires in April 2021. However, they will continue their support of the Momentum Proteas as the naming rights sponsor for the national women’s team.
Coronavirus: Momentum provides support
Following the diagnosis of the coronavirus (COVID-19) in South Africa, we understand that people are concerned. During times like these, the last thing a person needs is to worry about whether one is covered. Momentum reaffirms that our clients are covered, protected and supported – aligned to the specific medical scheme and life insurance products they selected.
Momentum Investments wins prestigious Hedge Fund Award 2020
After delivering a strong return for 2019, Momentum Investments received the coveted award for the best fund of hedge fund in the 2019 Fund of Hedge Fund category for its Momentum RCIS ZAR Diversified Qualified Investor Fund of Hedge Fund at the 2019 HedgeNews Africa Awards on 20 February 2020, in Cape Town.
Momentum Investments wins the 2020 Raging Bull Award
Momentum Investments has been recognised by the Raging Bull Awards at the annual event held in January 2020 in Cape Town. Now in its 24th year, this esteemed awards ceremony is industry lauded for recognising top performers in the unit trust and collective investment schemes sector.
While health organisations around the world are fighting the spread of the coronavirus, we would advise you to take note of the basic facts surrounding this new virus. As a Momentum Medical Scheme member, you can call a doctor for free via Hello Doctor, to discuss your symptoms or get more information about any specific questions you may have.
Momentum Metropolitan Holdings acquires Alexander Forbes Short-term Insurance business in South Africa
Momentum Metropolitan Holdings Limited (previously MMI Holdings Limited) is pleased to announce that it has completed its acquisition of the Alexander Forbes Short-term Insurance business (AFI) from Alexander Forbes Limited following unconditional regulatory approval.
Momentum Investments walk away with three top awards at prestigious industry event
Momentum Investments has been recognised by the Raging Bull Awards – lauded as the Oscars of the asset management industry – for top performance in three categories at the esteemed event held in Cape Town on Wednesday, 30 January 2019 .
Momentum Corporate wins Silver at Loeries
Momentum Corporate’s Smart Underwriting solution, an industry-first in South African group insurance, won the silver award in the Service Design category at this year’s Loeries. The Service Design category was introduced in 2015 to recognise brands that engage their customers in an innovative way.
Momentum Health announces an average weighted increase of 8.3% for 2018
Announcing a weighted average annual contribution increase of 8.3% for 2018, Momentum Health cited stability and growth in terms of its financials, product and service offerings in a challenging industry landscape.
Momentum wins Gold at Loeries
Momentums’ Smart Exit solution, developed together with Accenture, won the gold award in the Service Design category at this year’s prestigious Loeries. The Service Design category was introduced in 2015 to recognise brands that engage with their customers in an innovative way.