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Tag Archives | report

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CMS Quarterly report – Key trends compared

The Council for Medical Schemes (CMS) has just published its quarterly report for the period ended 30 June 2019. With the task to supervise a massive and very important industry comprising more than 80 medical schemes registered in the country, and vision to promote vibrant and affordable healthcare cover for all, it is vital to share key […]

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PFA report – Funds do not act in keeping with the spirit of the TCF

The Pension Fund Adjudicator published her annual report last week. Besides the statistics, indicators and conclusions about challenges faced, the report shares a few case studies as an illustration of these challenges. One specifically highlighted is that funds and administrators are not faring well with regards to the Treating Customers Fairly (“TCF”) outcomes. “Members of […]

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PFA Annual report – Substantial increase in pension fund complaints

“The Office of the Pension Funds Adjudicator (OPFA) has contributed immensely in the country’s priorities of social protection by ensuring consumers of pension fund products and services are empowered and that there are accountability mechanisms”, Mr AM Sithole, FSCA Commissioner, commented in the recently released PFA Annual Report. Tito Mboweni, Minister of Finance, stated:“…from the […]

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CMS Annual Report 2018/19 – Health care expenditure continues to rise

Following on the publication of the findings of the Health Inquiry released by the Competition Commission earlier this month, the Council for Medical Schemes (CMS), regulator of the medical schemes industry, also released its Annual Report for 2018/19 on 11 October. The report provides a comprehensive review of the status of the private medical schemes industry […]

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Health Market Inquiry report – Different views from opposing perspectives

On Monday, the Competition Commission released the findings of the Health Inquiry. The report was published after years of extensive consultation with industry experts, government officials and the general public. In their review of the South African private healthcare market they found that it is characterised by high and rising costs of healthcare and medical […]

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Prudential Authority Annual report – Looking beyond the many acronyms and numbers

The South African Reserve Bank’s Prudential Authority (PA) has just published its first annual report for the 2018/19 financial year, covering the state of the country’s banking and insurance sectors. Besides focussing on the annual numbers, what are the other key take outs for the financial services industry? What triggers the reader to focus on […]

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