Q&A: NMG BENEFITS
NMG Benefits
promotes smart financial decisions Craigh Chidrawi, Executive Head of Institutional Business at NMG Benefits, speaks to SA BUSINESS INTEGRATOR about key decisions employers/employees/investors can take to enable financial security for the future. What has the impact been over the past couple of years from a financial services sector perspective? The past few years have been characterised by a low growth environment, and that wasn’t helped by the economic impact of the Covid lockdowns. Because it serves individuals and employers across all industries, the financial services sector has been equally affected. One significant impact on the retirement fund industry is the way group life premium costs have increased since Covid. There have been significantly more death claims than expected, and the value of these claims was also higher than expected.
Craigh Chidrawi is Executive Head of Institutional Business at NMG Benefits. He oversees the company’s retirement funds consulting and actuarial businesses in South Africa and Namibia, as well as its retirement fund administration business. He has almost three decades of experience in the employee benefits industry.
34 sabusinessintegrator.co.za