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Rescue plan in place for controversial medical guideline tariffs

Published: Tue, 18 Jun 13

In its quest to find common ground with a medical profession fiercely opposed to the regulation of medical practitioner fees, the Health Professions Council of South Africa (HPCSA) recently appointed respected healthcare actuary Shivani Ramjee to assist with the process of setting a guideline tariff that can be used ...
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The Insurance and Financial Services Retail Distribution Review and Scaled Advice

Published: Thu, 13 Jun 13

Conducting a proper needs and risk analysis prior to assisting the client in making an informed decision is of particular importance to the regulators. This requires obtaining all the relevant information from the client, looking at the big picture and then offering holistic advice. An advisor is not supposed ...
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Dealing with high price-tag drugs and treatment

Published: Tue, 11 Jun 13

There has been a lot of hype recently around new high-cost biologicals (pharmaceuticals derived from living organisms), and increasing debate as to whether the general public will be able to afford them. According to an article on centerwatch. com, currently less than 10% of the top listed pharmaceutical companies’ ...
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Trustees need to adopt more strategic focus

Published: Mon, 10 Jun 13

The changing medical landscape and the introduction of a number of new regulatory issues like the Protection of Personal Information Bill (POPI), King 3 requirements, Consumer Protection Act and more recently the Competition Commissions Audit, have placed increasing pressure and responsibility on scheme trustees. ...
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Keep your cholesterol levels in check this winter

Published: Fri, 07 Jun 13

Previous research into how seasonal variations influence health shows that cholesterol levels, irrespective of diet, vary with the seasons, reaching their highest levels in the winter months. According to the research, seasonal changes in plasma volume are largely the cause of the increase in blood cholesterol levels ...
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New principles of success and leadership will change the face of business

Published: Wed, 05 Jun 13

New definitions of success, leadership and power are emerging, which will radically change the way we do business on a global scale. Failure to keep pace with these new paradigms will spell disaster for corporations, financial and political leaders, states Dr Brenda Hattingh of the Centre for Power Intelligence in ...
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Competition Commission sets private healthcare under scrutiny

Published: Wed, 05 Jun 13

Whilst the Competition Commission enquiry into high prices in the private healthcare sector is predicted to result in forceful scrutiny of the industry, the enquiry illustrates incompatible rates for healthcare professionals and dreadful bills for their patients. Should the enquiry achieve its goal of ultimately ...
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Hospital cash plans under threat

Published: Tue, 04 Jun 13

If the abuse of hospital cash plans continues to escalate, life insurers may be forced to implement tough measures to ensure the financial viability of these products. According to Peter Dempsey, deputy CEO of the Association for Savings and Investment South Africa (ASISA), these measures could include raising premiums, ...
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Co-Innovation essential to successful strategy in a globalised world

Published: Mon, 03 Jun 13

In today's globalised economy, organisations that want to remain competitive would do well to adopt policies of co-innovation across multiple boundaries, incorporating consumers, suppliers, and partners with like-minded goals into the process. This was key to a workshop entitled 'Global Strategy and ...
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Fedhealth maintains AA- GCR rating for 7th consecutive year

Published: Mon, 03 Jun 13

Global Credit Rating, an independent international ratings company, has maintained Fedhealth's AA-rating. The rating is awarded not only for financial performance, but is also based on administration, product range and corporate governance with the focus on claims paying ability. "Providing cover ...
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Liberty Medical Scheme posts strong 2012 audited financial results, scores high in member satisfaction

Published: Mon, 03 Jun 13

Following a year of unwavering focus on meeting members’ needs through an expanded range of exceptional option-based benefits, minimal increases to contributions and service excellence, Liberty Medical Scheme recently posted strong 2012 audited financial results. Strong audited financial results include:   · ...
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FIA celebrates 5 years at its 2013 Annual Awards Ceremony

Published: Fri, 31 May 13

The annual Awards Gala Dinner, one of the most prominent events on the financial services calendar, was held last night (Thursday 30 May 2013) at the Sandton Convention Centre in Johannesburg. Almost a thousand industry representatives gathered to congratulate the winners of the 2013 FIA Awards ...
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Budget Car and Van Rental partners with CGF Research Institute

Published: Thu, 30 May 13

CGF Research Institute (‘CGF’) has entered into yet another exclusive Affinity Partnership Agreement, this time with Budget Car and Van Rental (‘Budget’), who are a subsidiary company of the Bidvest Group. Being a part of the Budget Global Network, the Budget brand has been in South ...
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Confidence among SA professionals hits 12-month high

Published: Thu, 23 May 13

Confidence levels among South Africa’s graduate professionals climbed to a 12-month high in the first quarter of the year, following a period of extended concern over the political climate, ongoing wildcat strikes and downgrades to the country’s sovereign credit rating. This is according to the ...
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Product providers vie for industry insurance and investment awards

Published: Tue, 21 May 13

            Justus van Pletzen, CEO of the FIA                     Stakeholders in the South African financial services industry are set to gather for the much anticipated 2013 Financial Intermediaries ...
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Breast Cancer: 10 minutes can save your life

Published: Mon, 20 May 13

The latest news about Angelina Jolie’s double mastectomy has drawn attention to the importance of breast awareness amongst women and has raised the question as to whether women should be tested for the BRAC 1 and 2 gene tests. Peter Jordan, Principal Officer of Fedhealth, says that the BRAC 1 and 2 gene ...
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GCR affirms Bankmed rating at AA+

Published: Mon, 20 May 13

Global Credit Ratings (GCR) has affirmed Bankmed’s national scale claims paying ability rating at AA+(ZA) (double A plus) with a stable rating outlook. This according to Marc Joffe, Head of insurance at GCR who says the rating is based on Bankmed’s favourable position as one of the largest ...
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Should you choose a preventive mastectomy?

Published: Fri, 17 May 13

Mastectomies are not medically necessary for many early-stage breast cancers   Actress Angelina Jolie’s revelation that she has had a double mastectomy and reconstructive surgery because she carries a cancer-causing mutation, has focussed attention on breast cancer. However, Dr Carol-Ann Benn, a specialist ...
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Law Society concerned at Parliamentarians’ inappropriate questioning of Public Protector

Published: Wed, 15 May 13

The Law Society of South Africa (LSSA) expresses its concern at the recent tone of the questioning of the Office of the Public Protector by members of the Portfolio Committee on Justice and Constitutional Development. ‘South Africa is a constitutional democracy and not a parliamentary democracy,’ ...
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Healthy Made Easy

Published: Wed, 15 May 13

The winter chill has definitely set in and so too unfortunately has the traditional bouts of colds and flu and respiratory complications which can cause havoc during the winter months. Peter Jordan, Principal Officer of Fedhealth says that there are numerous ways that "healthy can be made easy" during ...
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Semi-Government Bond:

A bond through which a municipality or parastatal such as Eskom borrows money from the public, in exchange for a fixed repayment plan.
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