The second Discovery Financial Planning Summit will take place on 19 May 2015 at the Sandton Convention Centre under the theme ‘Making sense of today’s financial complexities.’ Over 1500 financial advisers are expected to attend the event, which is notably a key highlight in the 2015 financial services calendar.

The summit will once again bring together renowned speakers in the field of financial planning and financial services. Speakers include; the Honourable Minister of Finance, Nhlanhla Nene, Deputy Executive Officer at the FSB Insurance Division, Jonathan Dixon, Investec Asset Management’s Economist and Strategist, Nazmeera Moola, and Canadian author and communication expert, Nicholas Boothman.

FirstRand CEO, Sizwe Nxasana will now be speaking at the summit as a replacement for Discovery’s CEO, Adrian Gore. Nxasana, who has been at the helm of the FirstRand Group since 2009, will provide an outlook on the state of the financial services sector, highlighting trends and opportunities for sustained growth.

Gore is travelling to Switzerland to receive the Geneva Forum for Health Award at the 8th annual Geneva Forum for Health held during the World Health Assembly, organised by the Health Practice of McKinsey and Company. The award honours and recognises advances and contributions in health systems that have improved or have the potential to fundamentally improve the health of people around the world.

To secure a ticket for the Discovery Financial Planning Summit on 19 May 2015 at the Sandton Convention Centre, for the full programme or for more information, visit www.financialplanningsummit.co.za

Get to Gold Vitality status and Advanced Vitalitydrive status between 1 April – 30 June 2015 and stand a chance to win a trip to watch either Arsenal FC, Liverpool FC or Manchester City FC live at their home ground in the United Kingdom.

Be well, drive well

This competition aims to promote the ethos of healthy living, as well as encourage good driving behaviour in Discovery financial advisers. You stand a chance to see one of these English soccer giants live in three easy steps. First, by setting and achieving your own health and wellness goals, you will improve your Vitality Status and get to Gold. Second, by getting to Advanced Vitalitydrive status, you will improve your driving knowledge and awareness. By achieving the first two steps (Gold Vitality and Advanced Vitalitydrive status), you will then be entered into a random draw and stand a chance to win a trip to watch Arsenal FC, Liverpool FC or Manchester City FC live in the United Kingdom.

Financial advisers who are already on Gold Vitality status and on Advanced Vitalitydrive status, automatically qualify for entry into the draw.

The prize

• Return flights for two people to the United Kingdom
• Three nights' accommodation in central London
• Two tickets to a Premier League match
• Train transfer to a once in a lifetime stadium experience
• Spending money to make the trip even more memorable.

Terms and conditions apply.

For more information on how to get to Gold Vitality status or to join Discovery Insure Vitalitydrive visit www.discovery.co.za

Our next training session will take place on Wednesday, 27 May, from 9:00-10:00 in the auditorium at Discovery’s head office in Sandton. The topic will be "A look at the new tax free savings account-the differences to a RA and potential business opportunities."

If you want to attend, please email Dhelia at dheliam@discovery.co.za to book your spot.

This exciting new fund gives a minimum return of 15% at the end of year one, if the FTSE is flat or positive at the end of one year. If, however, the FTSE is negative at a year-end, the fund will be rolled over to the next year and continue for up to five years until a flat or positive return at a year-end is achieved. The return provided is a fixed return of 15% multiplied by the number of years until a flat or positive return at a year-end is achieved.

You can see the Discovery Enhanced Yield Fund fact sheet.

You can also view the frequently asked questions.

The May 2015 tranche of the Enhanced Yield Fund closes on 15 May 2015, with the date of trade on 15 May 2015.

We have enhanced the Discovery Retirement Optimiser valuator to default to the most appropriate Discovery Target Retirement Date Fund for each client. This tool is now available on the Financial Adviser Zone.

Discovery Life is running a special offer on the LifeTime Severe Illness Benefit. For a limited period, clients can qualify for the 200% LifeTime Max, while only paying the premium of the 125% LifeTime Max option, giving them access to extra cover at no additional cost!

The attached case study demonstrates why the LifeTime Severe Illness Benefit from Discovery Life is the most comprehensive severe illness benefit on the market, available at a highly competitive premium!

Discovery Life recently introduced significant enhancements to the Group Risk Income Continuation Benefit, which now includes the following additional benefits:

• The LifeTime Capital Disability Lump-sum Benefit
• The HealthyLiving Protector
• The Family Protector
• The Transport Protector
• SmartClaims.

For more information, we have put together a frequently asked questions document on the Group Risk Income Continuation Benefit.

Discovery Life recently launched the Business Life Plan to provide comprehensive cover, tailored for business needs, along with the best rewards structure.

To make sure existing clients can also take advantage of this tailor-made product offering, we are allowing clients with an existing business assurance Classic or Essential Life Plan to replace it with a Business Life Plan, free of underwriting, if the same level of cover has been selected.

The new policy will be treated as a Discovery Life to Discovery Life replacement, with financial advisers completing the replacement form included in the new business application. The client's Business Life Plan premium will be calculated based on new business rates for the client's current age and there will be no carry-over of benefits, special offers or features that only apply to the Classic and Essential Life Plan (i.e. they are taking out a new policy and will only receive benefits that apply to the Business Life Plan).

As a result, benefits such as the PayBack Fund, in the case of the Classic Life Plan, CoverBooster and Cash Conversions will not be carried over to the Business Life Plan. The Business Life Plan quote will also be subject to our normal new business rules, such as maximum entry ages.

In keeping with normal replacement rules, financial advisers will only receive commission if the premium on the policy increases after the replacement.

It is important for clients to insure their household contents and building for the correct value. The sum insured must be enough to cover the total, current replacement cost of their insured property. If the sum insured is too low, resulting in underinsurance, we will apply average at the time of claim.

Average means that the client will be expected to pay their share of the loss or damage, in proportion to the amount underinsured. For example, if the correct replacement value of the client’s household contents is R600 000 and they have insured it for R300 000 and then have a loss of R100 000, the client will only be covered for 50% (R300 000 / R600 000) of their loss (or R50 000).

The important condition of "Average/under-insurance" is detailed in section 5.4 of the Plan Guide.

Household content tips:

• If you could turn your house upside down, everything that falls is considered household contents.
• A couch bought five years ago for R2 000, which costs R5 000 to replace now, needs to be insured for R5 000.
• Clients can use our inventory assessment tool, available on www.discovery.co.za, to help them assess the total replacement value of their household contents.
• Clients can also complete an inventory assessment done by our preferred provider and, when they insure their contents accordingly, we will provide them with a No-average guarantee*.

Building value tips:

• Clients need to insure their building value for the total cost of rebuilding their whole house from scratch, plus any additional rubble removal costs if their entire house burns down.
• In many instances estate agent values and municipal values are too low for insurance purposes.
• Clients can use our building value calculator tool, available on www.discovery.co.za, to help them assess the total value of their building for comprehensive insurance purposes

*To make sure a client’s no-average guarantee is maintained, they will need to:

• Insure their household contents for the agreed amount
• Update their sum insured within 30 days of all new purchases.

Clients will be charged a fee for having the inventory assessment done at their home (if the sum insured is less than R1.5 million) and it applies only to household contents. If your clients want cover for items they carry and wear outside their home, they will need to select this under the portable possessions section of cover.

Your clients still have the opportunity to get a Discovery Insure quote and stand a chance to get 50% back on the cost of their ticket to see Clarkson, Hammond and May. 

The show runs from 12 - 14 June at the Ticketpro Dome in Johannesburg. 

Clients who get an obligation-free quote for personal motor and household insurance with Discovery Insure, between now and 15 June 2015, and who meet the qualifying criteria, will get 50% back on their ticket. 

This offer is limited to the first 1 000 respondents. 

Qualifying for the promotion 

Clients will qualify for this promotion if they’re a policyholder with personal motor and household insurance with a South African insurer other than Discovery Insure, have not been insured by Discovery Insure or received a Discovery Insure quote. 

Their Discovery Insure quote needs to match their current cover on a like-for-like basis. 

How they can get 50% of their ticket price back 

To receive half their ticket price back, clients must email the following details to us at CHM_promotion@discovery.co.za:

• Their Discovery Insure quote number
• Their ticket number (this is the order number just above the barcode, for example, 5868378/[1/13]
• Their current insurance policy schedule (not older than 12 months)
• Their ID or passport number

Discovery Insure Ltd is an authorised financial services provider. Registration number 2009/011882/06. Limits, maximum fuel and Gautrain spend limits, terms and conditions apply. Go to www.discovery.co.za for more details or call 0860 751 751.

Discovery and Team Vitality are excited to announce that renowned Russian running sisters – Elena and Olesya Nurgalieva, who have dominated the Comrades Marathon leaderboard over recent years, will run the Comrades Marathonfor Team Vitality this year. 

"We are proud to be sponsoring these two incredible international athletes for the 2015 Comrades Marathon," says Head of Vitality Wellness, Dr Craig Nossel. "It's great to be able to bring their wealth of knowledge and experience to our Team Vitality members. And we're pleased to be able to offer our members the opportunity to personally meet these running icons ahead of the Comrades Marathon at the end of May." 

Team Vitality ambassador Bruce Fordyce will welcome the Nurgalieva twins to the Comrades Marathon. Fordyce is no stranger to this Ultimate Human Race, having won it nine times previously. 

Speaking about his ambassadorship with Team Vitality, Bruce Fordyce stresses the importance of making running and cycling more accessible to people in South Africa. "Team Vitality is more than just a running or cycling club, it’s an initiative to help get people active. It’s about encouraging people to get off the couch and into the race," says Fordyce, who spearheaded the parkrun movement in South Africa. "This is why it’s so important – it helps people see that you can do it, whoever you are, as long as you take that crucial first step." 

Discovery Vitality’s relationship with celebrity athletic figureheads like the Nurgalieva twins, Elana Meyer and Bruce Fordyce means members have the opportunity to interact and learn from these athletes. “Through our collaboration with these well-known sportspeople we are able to offer our members direct access to tried-and-tested health and fitness tips, pre-race training guidance, and post-race recovery advice – plus the added inspiration associated with this calibre of athlete.” 

“Our partnership with these running legends cements Team Vitality’s role as a club for both novice athletes as well as of elites with an extraordinary level of talent,” adds Dr Nossel. “Our new running and cycling club is open to all Discovery Vitality members, from the professional level to beginners. Whether you are looking to complete your first 5km fun run or want to start training for your first ultramarathon, Team Vitality can help you to achieve your fitness goals.” 

As Vitality members, your clients can now officially join Team Vitality – our new running and cycling club – to get fit, save money and connect with other fitness enthusiasts. 

Find out more about the benefits of joining Team Vitality.

DiscoveryCard gives your clients more ways to make their money go further. With the HealthyLiving Miles Multiplier benefit, cardholders with Discovery Miles can get up to 10 times more Discovery Miles on all their purchases at any HealthyLiving partner store – it’s that easy! All clients need to do is pay using their DiscoveryCard at any of these HealthyLiving partner stores – Pick n Pay, Clicks, Dis-Chem, Sportsman’s Warehouse and Totalsports. 

Time to swipe and WIN! 

By simply swiping their DiscoveryCard anywhere 10 times between 11 May 2015 till the end of June 2015, your clients could win R10 000 weekly! And that’s not all – a lucky cardholder will win the grand prize of an all-expenses-paid trip for two to New York City! 

Reasons to swipe and get more rewards 

Your DiscoveryCard clients can get up to 20% cash back when they swipe their DiscoveryCard at any of our retail partner stores, which include Incredible Connection, Cape Union Mart, @Home and many more! Plus, up to 22% cash back when they pay for a vacation with their DiscoveryCard at any of our travel partners: World Leisure Holidays, Royal Caribbean International and Contiki. As Vitality members, clients can also get up to 25% cash back on HealthyFood at Pick n Pay or Woolworths, HealthyCare at Clicks or Dis-Chem and HealthyGear at Sportsman’s Warehouse or Totalsports. 

Tell your clients to get in on the rewards 

If your DiscoveryCard clients haven’t activated the Discovery Miles benefit yet, inform them to do so to open up a world of rewards. All they have to do is activate the benefit for a yearly linkage fee and earn up to 10 times the rewards! Clients have many options on how to spend their Miles and they can find out how today. 

DiscoveryCard cash back is limited to R2 000 a month. Discovery Miles monthly earning limits, terms and conditions apply. 

DiscoveryCard is operated by Discovery Vitality (Pty) Ltd, registration number: 1999/007736/07, an authorised financial services provider under the banking licence of FirstRand Bank Limited, registration number 1929/001225/06, an authorised financial services and registered credit provider, NCA Reg No. NCRP20. Terms and conditions apply.