Vat in numbers

Genasys shares how it quickly managed to adapted its core system to make real and relevant changes to the VAT rate in time to meet the 1 April deadline.

News May 19, 2018

In the news | Friday, 18 May

WHO ARE WE

Protecting and developing the professional intermediary in South Africa

Brokers and financial advisors play a key role in the financial services sector as well as the local economy. The FIA – a trade association for intermediaries – strives to protect and develop the professional service of our members and their employees so consumers can benefit from the value of advice, risk management and product fulfilment in today’s DIY world.

The FIA represents approximately 2 000 financial services providers, including multinational, large, medium and small businesses. Our members operate in healthcare, long-term insurance, short-term insurance, employee benefits and investments. The FIA represents members nationally and internationally with key stakeholders such as government and regulators.

FIA’s core strategic objectives are:

  • Representing the interests of our members and their clients with all stakeholders
  • Ensuring sustainability and relevance of our members by embracing diversity and inclusive market growth
  • Serving as a centre of intelligence that informs our market position and influence
  • Membership growth and retention – influence and unity in numbers
  • A relevant value proposition that talks to the needs of our diverse membership base

With our fingers firmly on the pulse of the ever-changing business, consumer and legislative environments, the FIA strives to keep pace with the modern economy to ensure intermediaries remain relevant and viable.

Learn More

EVENTS

Monday

29 January

FIA Employee Benefits Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 12:30

Tuesday

30 January

FIA Executive MANCO

Pretoria

T.B.C

7:30 – 9:00

Wednesday

31 January

FIA Short Term Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:30 – 13:00

Tuesday

06 February

FIA Financial Planning Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 13:00

Tuesday

06 February

FIA Discretionary Investments subcommittee meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

13:00 – 15:00

Wednesday

07 February

FIA Healthcare Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

9:30 - 12:00

Thursday

08 February

FIA Training & Education committee meeting

Preotria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 12:00

Thursday

08 February

FIA Transformation subcommittee meeting

Preotria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 12:00

Monday

12 February

FIA Membership Exco

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

12:00 – 15:00

Tuesday

13 February

FIA Board meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 13:00

Monday

26 March

FIA Financial planning (FPC) and Investment management (CAT II) roadshow - Cape Town

Cape Town

Auditorium, Investec, 36 Hans Strijdom Avenue, Foreshore

11:30 - 15:00

Tuesday

27 March

FIA Financial planning (FPC) and Investment management (CAT II) roadshow

Durban

Auditorium, Investec, Ridgeside Office Park, 5 Richefond Circle, Umhlanga

11:30 - 15:00

Tuesday

27 March

FIA Highveld Branch AGM and Member Meeting

Middelburg

HR City

09:00

Wednesday

28 March

FIA Financial planning (FPC) and Investment management (CAT II) roadshow

Johannesburg

Auditorium, Investec, 100 Grayston Drive, Sandton

08:00 - 11:30

Wednesday

28 March

FIA Financial planning (FPC) and Investment management (CAT II) roadshow

Pretoria

Auditorium, Investec, Atterbury Road and Klarinet Street

13:30 - 17:00

Thursday

29 March

FIA Financial planning (FPC) and Investment management (CAT II) roadshow

Port Elizabeth

Room GM3 and GM4, Investec, Waterfront Business Park, Pommern Street, Humerail

10: 00 - 13:30

Wednesday

11 April

FIA Border branch meeting

East London

Buffalo Club, 1 Buffalo Park Dr, Quigney Beach

08:00 - 10:30 am

Please RSVP to khuthalaz@nfb.co.za

Please RSVP to khuthalaz@nfb.co.za

Friday

13 April

Boland branch outdoor day

Boland

Elgin Country Club, Grabouw

09:30

Friday

20 April

FIA Southern Cape Branch member and bowls day

George

Outeniqua Bowling Club, 33 Airway Road, Heather Park

09:30 am

RSVP to alet@fia.org.za by 13 April 2018

RSVP to alet@fia.org.za by 13 April 2018

Wednesday

25 April

FIA Lowveld branch forum

Nelspruit

Mercure Hotel, Cnr N4 & Graniet Street

09:00

RSVP to amanda@fia.org.za by 20 April 2018

RSVP to amanda@fia.org.za by 20 April 2018

Thursday

26 April

FIA Executive MANCO

Pretoria

T.B.C

7:30 – 9:00

Thursday

03 May

FIA Employee Benefits Exco meeting

Pretoria

FIA Employee Benefits Exco meeting

10:00 – 12:30

Tuesday

08 May

FIA Training & Education committee meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 12:00

Tuesday

08 May

FIA Transformation subcommittee meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 12:00

Wednesday

09 May

FIA Short Term Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:30 – 13:00

Thursday

10 May

FIA Algoa branch member meeting

Port Elizabeth

Elizabeth Place, Pickering Street, Newton Park, Port Elizabeth

10:00 am

Please RSVP to alet@fia.org.za by no later than 4 May 2018

Please RSVP to alet@fia.org.za by no later than 4 May 2018

Friday

11 May

FIA Peninsula member meeting

Cape Town

Barristers Grill, Cardiff Castle, Kildare Road, Newlands

10:30 am

If you have any other topics you would like to put forward for discussion, please forward them to sandra@fia.org.za

If you have any other topics you would like to put forward for discussion, please forward them to sandra@fia.org.za

Tuesday

15 May

FIA Financial Planning Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 13:00

Tuesday

15 May

FIA Discretionary Investments subcommittee meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

13:00 – 15:00

Wednesday

16 May

FIA Healthcare Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

9:30 - 12:00

Thursday

17 May

The FIA West Rand branch member cocktail function

Johannesburg

Tres Jolie, 22 Peter Rd, Ruimsig, Roodepoort, 1724

17:30 for 18:00

Please RSVP to amanda@fia.org.za by Friday, 11 May 2018 (include special dietary requirements with RSVP)

Please RSVP to amanda@fia.org.za by Friday, 11 May 2018 (include special dietary requirements with RSVP)

Friday

18 May

FIA Peninsula branch member meeting

George

George Golf Club

10:00

Tuesday

22 May

FIA Kosmos branch forum

North West

More info about the venue and time to follow soon.

Thursday

24 May

FIA Board meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 13:00

Thursday

28 June

FIA Awards 2018

Johannebsurg

Sandton Convention Centre

Time and event details to be confirmed

TBC

TBC

Thursday

26 July

FIA Executive MANCO

Pretoria

T.B.C

7:30 – 9:00

Thursday

02 August

FIA Employee Benefits Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 12:30

Tuesday

07 August

FIA Transformation subcommittee meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 12:00

Tuesday

14 August

FIA Financial Planning Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 13:00

Tuesday

14 August

FIA Discretionary Investments subcommittee meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

13:00 – 15:00

Wednesday

15 August

FIA Healthcare Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

9:30 - 12:00

Tuesday

21 August

FIA Short Term Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:30 – 13:00

Thursday

23 August

FIA Executive MANCO

Pretoria

T.B.C

7:30 – 9:00

Tuesday

28 August

FIA Training & Education committee meeting

Pretoria

FIA Training & Education committee meeting

10:00 – 12:00

Friday

12 October

FIA Advice Summit 2018

Johannesburg

Sandton Convention Centre

Time and event details to be confirmed

TBC

TBC

Thursday

01 November

FIA Transformation subcommittee meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 12:00

Thursday

08 November

FIA Employee Benefits Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 12:30

Tuesday

13 November

FIA Discretionary Investments subcommittee meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

13:00 – 15:00

Wednesday

14 November

FIA Healthcare Exco meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

9:30 - 12:00

Thursday

15 November

FIA Short Term Exco meeting

Pretoria

FIA Short Term Exco meeting

10:30 – 13:00

Thursday

15 November

FIA Financial Planning Exco meeting

Pretoria

FIA Financial Planning Exco meeting

10:00 – 13:00

Wednesday

21 November

FIA Training & Education committee meeting

Pretoria

Unit 9 Corporate Corner, Corner of Marco Polo and John Vorster Drive, Centurion

10:00 – 12:00

MEMBER REPRESENTATION

  • FSB Twin Peaks newsletter no. 3 (Sent 31 Jan 2018)

  • FSB bulletin second quarter 2017 (Sent 9 Jan 2018)

  • Revised PPR and Insurance Regulations released in December 2017 with effect from January 2018

  • Request for comments on the draft Financial Sector Regulations (Prudential) issued in December 2017 for comment by 31 January 2018

  • Request for input on the Short-Term Insurance Intermediary Activity Analysis Report released in January 2018 for comment by March 2018

  • FSB guidance on debarment and reappointment of debarred representatives (Sent 9 Jan 2018)

  • New fit and proper requirements published (Sent 12 Jan 2018)

  • Fit and proper requirements | Training and CPD (Sent 2 Feb 2018)

  • Fit and proper requirements | New product categories (Sent 8 Feb 2018)

  • CPD "points" - who qualifies? (Sent 15 Feb 2018)

  • FAIS fees for 2018 (Sent 19 Feb 2018)

  • VAT increase (Sent 26 Feb 2018)

  • VAT increase update (Sent 2 March 2018)

  • Latest information on VAT rate change (Sent 8 March 2018)

  • Consequences of demarcation (Sent 12 March 2018)

  • Commission scale for group schemes and fund policies effective from 1 January 2018 (Sent 12 March 2018)

  • VAT RATE INCREASE – Impact and approach in Short Term Insurance (Sent 23 March 2018)

  • FIT AND PROPER REQUIREMENTS: Who, what and when? (Sent 27 March 2018)

  • Fit and proper requirements | Competence register (Sent 3 April 2018)

  • Further proposed changes to the Insurance regulations (Sent 5 April 2018)

  • CMS circular 17 of 2018 (Sent 13 April 2018)

MEMBERSHIP

Our value proposition

Members
Members are at the core of everything we do

Representation
Representing members in relationships with government, regulators, labour and communities

Image
Guarding the collective image of our members in their part of insurance delivery in South Africa

Industry experts
Knowledge and industry expertise

Enabler
Committed to building an environment for innovation, growth and development and meeting the challenges of an accelerated developing country

WHAT WE DO

  • We identify the effects of policy measures on our sector and act as an additional resource in ensuring that government action achieves its desired purpose

  • We attempt to influence public policy in a direction that is favourable and sustainable to members

  • We provide a wide range of communication and information to members and stakeholders regarding key industry matters

  • We gain political clout and influence by bringing competitors together turning one small voice into in a persuasive, collective shout

    FIA members are governed by the FIA Code of Conduct, which provides peace of mind to all stakeholders including consumers.