Private Health Insurance – is it the consumer’s choice?

By Michael Settas, Xelus Specialised Insurance Solutions The recent release of the draft regulations outlining the proposed demarcation between health insurance products and medical schemes disregards medical scheme members already hard pressed in meeting soaring private healthcare costs. In order to understand the supposed necessity of this piece of legislation, a view of the state […]

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Using surveys to understand investment performance outcomes

Tracking and reading market dynamics correctly helps trustees and investment consultants understand performance outcomes. Getting a view of market dynamics, however, means consistent tracking over time. For many years Alexander Forbes has produced surveys to help its managers and advisors accurately track trends and produce winning results. To make the interpretation of its surveys easier […]

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FIA expresses dismay at draft Demarcation Regulations

The Financial Intermediaries Association of Southern Africa (FIA) has expressed dismay over the draft Demarcation regulations proposed by the Treasury highlighting the fact that by putting an end to various types of health insurance plans (both short-term and long-term) many consumers are likely to end up being out of pocket. This is according to Linza […]

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Include gap cover in Short-term Insurance Act

Alexander Forbes Health supports the need for a clear demarcation between accident and health insurance policies and medical schemes in order to protect the principles of community rating, open enrolment and cross-subsidisation entrenched in the Medical Schemes Act. “Alexander Forbes acknowledges that in the absence of such a demarcation consumers may mistakenly believe that accident […]

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Exposure to credit reaps rewards

An investment fund with exposure in credit assets, has been ranked the number one fund in its category with a yield of 15.91% for the one year period ending February 2012.* According to the latest Alexander Forbes SA Bond Manager Watch Survey results, for investment data to the end of February 2012, the Futuregrowth Yield […]

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Check your policy before car-pooling

With the petrol price increasing for the fourth time in 2012 by 28 cents per litre this week, to reach another record high, many motorists may consider forming a car pooling group in an effort to reduce costs associated with daily travelling. However, they could be placing themselves at risk of a motor insurance claim […]

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Equity valuations remain attractive but expect volatility

Although the global macro-economic backdrop remains uncertain, historically low interest rates will fuel investors’ search for yield and cause assets deemed risky to continue performing well, but with high levels of volatility. Commenting in his economic report for the third quarter of 2011, Francois van der Merwe, Head of Macro Research at Novare Investments, said: […]

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Outlawing gap cover won’t aid schemes or members

Draft legislation released recently by National Treasury will, if implemented, outlaw gap cover and mostly likely lead to a simple loss of benefits for members, without helping medical schemes. This is according to Ken Schumann, Consulting Actuary at Old Mutual Corporate. Schumann explains that the legislation to ban gap cover is intended to promote cross-subsidisation […]

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Annual motor valuation may reduce insurance premiums

Many consumers may unknowingly be paying more than they should for their motor vehicle insurance – often one of their biggest short-term insurance payments – due to a failure to assess the value of their motor vehicle when it comes time for annual motor insurance policy renewals. This is according to Christelle Fourie, Managing Director […]

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Unit trust industry celebrates R1trn under management

Assets managed by the local Collective Investment Schemes (CIS) industry exceeded the R1-trillion mark for the first time during the first quarter of this year. Peter Dempsey, deputy CEO of the Association for Savings and Investment South Africa (ASISA), says despite experiencing a particularly weak quarter in terms of net inflows, the industry managed to […]

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