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Saturday, November 1, 2008
FIA workshop

Following a request from the Financial Intermediaries Association of Southern Africa (FIA), the Council for Medical Schemes (CMS) has agreed to extend the deadline for comments on its document regarding healthcare intermediaries’ remuneration.
The FIA, which represents the majority of healthcare intermediaries in South Africa, says it appreciates the CMS’ willingness to extend the original deadline for comments to 6th February 2009.
Linza van Aswegen, Chair of the FIA’s Executive Health Committee, says the CMS has also accepted the association’s invitation to participate in a workshop in which ideas will be shared and various proposals around intermediary remuneration discussed. The workshop is scheduled for this month.
“The healthcare intermediary offers an invaluable service to consumers who intend to purchase or review their medical cover. However, any decision relating to one’s health should only ever be taken after seeking a qualified opinion from a responsible professional. Selecting the most appropriate and suitable medical scheme cover is a pivotal decision which should be made in consultation with a knowledgeable healthcare intermediary,” says van Aswegen.
The role of the healthcare intermediary has become ever more important especially given the increasing complexity of the healthcare and medical scheme environment; frequent changes to benefit structures, and the regular entrance of new products to the market.
The FIA was established in January this year following the merger of the Independent Brokers’ Council (IBC) and the South African Financial Services Intermediaries’ Association (SAFSIA). In October 2008, LUASA (The Association of Professional Financial Planners) was officially incorporated into the FIA.
The association represents the collective interests of financial services intermediaries in South Africa and has more than 16 000 members.

Copyright © Insurance Times and Investments® Vol:21.10 1st November, 2008
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