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EDITION 3, SEPTEMBER 2008 IN ASSOCIATION WITH NEW PARA-PLANNER MAINSAIL HEALTH ALARM BELLS ARE RINGING BDV PLATINUM NEWS VITALITY DAYS ARE BACK CONTACT US NEWSLETTER Page 1 Page 2 Page 3 Page 4 Mainsail Welcomes New Brokers Westlake - Mainsail Financial Services recently hosted a (and spring!) is in the air... successful function in Westlake to welcome three new brokers. Paul Winder, Hedley Prince and Harold Eidelman who have recently joined Mainsail were introduced to clients and staff. CEO of Mainsail Tim Mainsail Group has recently added Jones welcomed Hedley, Paul and Harold saying "these Mainsail Employee Benefits to its are exactly the kind of client oriented brokers that range of service companies. Already Mainsail is looking for as it is so important in a service including Mainsail Financial Services, based industry to have brokers who subscribe to our Mainsail Health, Mainsail vision of excellent service and advice". Administration Services and Mainsail BDV Platinum (our tax, auditing and Paul Winder (left) business consultant partners), and Hedley Prince , Mainsail Group is bursting at the new brokers at seams with more to come! Watch this Mainsail Financial space for more exciting developments Services sharing next month. thoughts at the recent Broker Mainsail Employee Benefits will be headed up by Kevin Launch Creasey. A legend in the financial services industry, Kevin comes to Mainsail with a huge amount of experience and knowledge regarding the administration and management of Employee Benefit schemes. Companies and employees face a volatile environment, with numerous products, methods and options available, which can all have very different effects on long-term income stability. In the past, in large MELTDOWN!! company pension funds (predominantly of the BY Tony Goodman defined benefit variety) the trustees, working with the The plethora of commentary relating to the momentous events experts, could devise a in world markets of late, caused primarily by the sub-prime long-term strategy for debacle and indulgence in liberally available credit (read giving pensioners near- greed and recklessness), is overwhelming to say the least. inflation increases each year. Much of said commentary has become repetitive so here is an attempt at some original thought. Kevin Creasey This has changed! Now I recall reading an article when the sub-prime issue surfaced, most employees belong to the writer pompously stating that the world has come a long defined contribution funds and must decide for themselves what way since 1929 in that regulatory and legislative guidelines capital to place into one or other vehicles - and must make these that are in place coupled with the sophisticated financial decisions without trustee intervention. Although vastly different controls imposed world wide, would not allow a repetition of and somewhat frightening this system can nevertheless offer 1929. significant advantages working with a qualified advisor. Well, we now know this not to be the case! We are certainly Having successfully consulted amongst many others to Cape on the precipice and the jury is still out on whether the rescue Town City (assets of R4 bil) and Naspers Media Group (assets of packages will avert impending disaster. As I tap my keyboard 2 bil), Mainsail client companies are sure to benefit massively the Rand has gone into free-fall (R10,20 to the $ and R17,56 from his leadership of Mainsail Employee Benefits. A warm to the £, and R13,53 to the €) and the markets have tumbled Mainsail welcome to Kevin. yet again. continued on page 3 Page 1 Page 2 Page 3 Page 4 New Para-planner unlocks even MAINSAIL HEALTH I do so love this time of year! greater service What not to love as we are finally getting into Spring , a time to Mainsail clients can look forward to think healthy, eat healthy, get out and about and move our bodies even better levels of service with the out of those lumpy winter woollies and into some light and happy appointment of Graham Moore as summer wear! Now is the time to maximise the benefits from our para-planner. Graham's role Multiply or Vitality Wellness programme partners, and of course includes the regular review of client we get down to reviewing our Medical Aid packages for next year portfolios in order to ensure up to . date, relevant and cost-effective Graham Moore products are offered to clients to fulfill With this in mind please contact us should you wish to their financial planning needs and goals. discuss or review your existing plan. Remember any changes for 2009 must be made before each scheme's Completing the service circle and critical to our clients' deadline. (Discovery Health cut-off 4th December 2008 other financial well-being, is ensuring that all actions are compliant companies still to be advised) with legislation. From the preparation of a client-specific financial plan and correctly archiving all reports through to All our Employee Groups on the various Medical Schemes will be the completion and recording of a Record of Advice, Graham contacted to arrange a time for your 'Review date' . will play an important role in achieving a 100% compliant service to clients. As your health care brokers Mainsail Health offers you the following valuable service: Welcome, Graham! We trust that Mainsail will be both a For all our medical aid clients we offer fair , independent advice home and a place of growth for you. on your health plan - how do we do this? For Employer- Employee groups we set up a Review day with a presentation for staff and Debt - Consolidate or not? the availability of one-on-one appointments. The presentation includes all the enhancements, amendments and additional Author: Jessica van Sittert, Director of BrayCorp Financial Services benefits for 2009 . We all know that it is imperative to reduce ones exposure to debt as much We access individual members' claim as possible while interests rates remain high. The question on many pattern for the past year and make the consumers' minds is: necessary recommendations to ensure Do I consolidate debt by paying off short term debt through my bond clients are utilising their Health benefits or not? Isn't it more expensive to pay interest over a long term? correctly on the plan they have chosen. We The trick to using your home loan to pay off higher interest & shorter term also offer Chronic Benefit insight and advice debt is to keep paying what you were paying into the short-term debt, into on upgrading (or downgrading ) depending on past claims experience and potential your bond. Then you truly take advantage of the lower interest rate. If you medical needs for the new year ahead. pay it off over 20 years then you will end up paying a lot more even though the rate is better. Even if you don't get to see us - Please feel Did you know that at Braycorp we can also have your bond arranged for free to phone or email you FREE OF CHARGE?! We can secure your home loan through the (email@example.com) with any of your major banks (ABSA, FNB, Nedbank & Standard Bank), negotiating the queries. As your Health brokers we best interest rate and taking care of all the paperwork AT NO EXTRA encourage you to involve us with any COST TO YOU. problem claims you may be experiencing so This includes new bonds and further loans / 2nd bonds as well as switching that we can assist you. Everyone should also of existing bonds to other financial institutions (including SA Home Loans) receive direct correspondence from their when looking for a more competitive interest rate or better service. Medical Aid around the end of October or This allows you to speak to one person who can arrange everything, rather early November. than going to all the banks yourself, saving you both time and money. With inflation sitting on 13.8% we will be expecting the increases of most schemes to Chat to those in the know...chat to Braycorp be around this figure (Discovery has confirmed a 12.8% increase, Liberty HealthCare 12.9% and Momentum Health a If you need any kind of home loan finance 12.8% - the rest are still to be announced. ) nd (new, 2 bonds or switches) speak to those in the know. Our next Mainsail Vitality Assessment day is the week of Monday 3rd of November Phone for a booking and GET TO GOLD! (See elsewhere in this newsletter for further details or contact us at (021) 7021660)) Yours in health Jackie Steele Page 1 Page 2 Page 3 Page 4 MELTDOWN Continued from page 1 For the majority of South Africans the main concern is the South African economy and in particular, our UMN banks. Let me attempt to reassure our readers that you need not be overly concerned in this area. COL Contrary to U.S and European banks, our banks actually have been subjected to rigorous controls with regard to credit and have weathered the global crisis extremely well. Because of this I believe the sub-prime Alarm Bells Ringing fiasco will simply be an ill wind that passes us by, as opposed to the Force 10 storm that has beset banks elsewhere. Over the last few weeks we have received a larger than The unexpected silence of my telephone is hopefully normal number of house break-in claims particularly in indicative of the maturity of our clients who understand the Southern Suburbs. Unfortunately this often means the volatile nature of the markets and who realise it discovering what the "fine print" in your insurance policy would be futile and possibly self destructive to make actually means. knee-jerk changes in the light of recent events. Have we reached the bottom? I would suggest maybe With this in mind I would like to your attention to draw we have, but despite the apparent attractiveness of your attention to the burglar alarm requirements of most many shares, a word of caution before venturing too insurers. deeply into the market too quickly. I leave you with my favourite (unoriginal) quote: Generally the alarm needs to be "It is time in the market, not timing the market.” linked to a 24hour armed response and must be maintained regularly and thus operate correctly. In addition it must be activated at all times when your home is unoccupied. Tour de One of the problems that we see arising is when garages or Mainsail outbuildings are Well done, Mr Vaughan! "discommunicated" (physically Here's to many more... detached or separate) from your Trevor main residence. If a break-in does occur in one of these outbuildings and there is no alarm system as conforming to the criteria described earlier, any claim arising can and will probably be repudiated. The best thing to do is to get your alarm company to extend your alarm protection to any outbuildings as well. Please also ensure that your insured values reflect current replacement costs and any buildings are insured at current rebuilding costs. Feel free to contact us should you have any queries or concerns regarding your cover. Until next time, "Be safe". Trevor Congratulations to Dave Vaughan who scooped the "Tour De Mainsail" prize of a meal for two at the seriously nice "The Square" restaurant at firstname.lastname@example.org the Vineyard Hotel. Tel: 021-701 5702 www.lionshead.co.za Page 1 Page 2 Page 3 Page 4 BDV PLATINUM NEWS BDV Platinum and Mainsail neighbours JBB Properties recently organised a fund raiser for 29 year old Nikki Nichol. Nikki was diagnosed with advanced cancer a short while ago and is currently ungergoing extensive chemotherapy. Having previously worked in the BDV offices, her cause was taken to heart with BDV Platinum purchasing a number of tickets for the lunch and auction. Numerous items on offer such as lunch with Percy Montgomery, a JBB manager auctioned as PA for a day and a Swarovski crystal cross by a local jewelery designer, ensured that the auction was a huge success and a total of R72000 was raised. Tel 021 702 1660 Fax 0866 1515 86 E-mail: email@example.com Webite: www.mainsail.co.za Nikki and her husband, Jason. Rochelle Van Schalkwyk (left) and Bridge House Sally Peisl from BDV Platinum 49 Bell Crescent Westlake Business Park Anyone wishing to contribute to Nikki's treatment is welcome to Westlake contact the BDV Platinum offices at (021) 701 7620 for further info. P O Box 15 Steenberg 7947 Vitality days are here again... FSB No.: 26392 CK No.: 2005 021 787 23 We will be hosting our second series of Vitality days from the 3 -7th November 2008. For VAT No.: 4800229694 those who have already done one Fitness Assessment this year, remember that you can earn booster points if your fitness levels have improved, but even if they haven't 7500 Vitality Mainsail Financial Services cc. points are allocated just for doing the test.Limited places available. Phone Audrey at 021- t/a Mainsail 7021660 to book your place. Bookings are every hour on the hour from 9:00am to 3:00pm Monday 3rd November until Friday 7th November. Book now!! Member Tim Jones What you need: Dress in comfortable clothing and avoid alcohol or caffeine for 30 min before. Bring along R160 (which can be claimed back from your MSA). The Discovery Associates screening tests for cholesterol, blood glucose and BP are free of charge except if you have J Steele GR Attenborough done them once this year already. But for those who want to check if their values have improved, bring along another R80 and a registered nurse will be on hand to carry out your tests....We look forward to seeing you there! Summer’s A BIG around the welcome corner Tim Jones Onboard to Dawn... Mainsail Six Pak. Dawn Pasqualle: "Welcome to Dawn, our new Service Manager. Well done on all you've achieved in such a short time. Hope you'll be very happy here!"
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