LEADERSHIP

The FIA is a non-profit organisation founded and funded by members

FIA Board

The FIA Board of Directors is elected by members. We operate nationally in four regions through 25 branches.

Lizelle van der Merwe

Chief Executive Officer

Peter
Olyott

President

Arnold van der Linde

Vice President

Seamus Casserly

Director

Nicola Iozzo

Regional Director: Rand Region

Ronald King

Director

Theo-Niel McDonald

Advisory Council Chairman / Membership

Michael Morris

Chair: Employee Benefits Exco

Henry Schnetler

Regional Director: Northern Region

Butsi Tladi

Chair: Healthcare Exco

Leon Swart

Regional Director: Coastal Region

Barry Taylor

Chair: Short Term Exco

Terrence Williams

Director

Greg Setzkorn

Chair: Financial Planning Executive

Wayne Axford

Regional Director: Central Region

STRUCTURE

Secretariat

The FIA is supported by a team of full-time employees with the main office in Centurion and representation throughout the country.

National Advisory Council

The national advisory council is made up of the FIA’s branch chairs and vice chairs. The council is the advisory representative body of the members.

Executive committees

There are four executive portfolio committees – representing short-term insurance, financial planning, healthcare and employee benefits. The additional sub-committees include membership, training and education, transformation and investments.

These committees consist of industry experts who meet quarterly to address legislative and regulatory matters governing their respective insurance disciplines, as well as any other issues or opportunities that can impact on our members.

 

Healthcare Committee

The healthcare committee focuses on medical schemes and related health insurance matters, mainly on the provision of advice on funding benefits.

The committee has extensive interaction with various regulatory bodies – an especially important role considering that dual control is exercised by regulators in both the medical and financial arenas. It also liaises with administrators and risk cover providers. The healthcare committee participates in the Joint Broker Forum with several other bodies.

Financial Planning Committee

The financial planning committee oversees long-term insurance, collective investment schemes, retirement funds, assistance business and related long-term investments.

Tax, retirement and estate planning and business insurance are represented along with basic forms of risk cover. This committee frequently interacts with the Financial Planning Institute on matters of common interest.

Employee Benefits Committee

The employee benefits committee represents corporate and individual administrators. It also maintains close contact with retirement benefit bodies and is represented on several committees of the Institute of Retirement Funds and The Pension Lawyers Association.

Interaction with the Principal Officers Association and the Financial Planning Institute facilitates the promotion of common interests. A Joint Management Forum broadens representation to various authorities.

Short-term Insurance Committee

The short-term insurance committee addresses personal lines, corporate and commercial matters. The committee often works closely with the South African Insurance Association and its subsidiaries, the Insurance Institute of South Africa including the South African Crime Bureau and Fraudline.

Discretionary Investment Committee

The objective of this committee is to set professional standards for discretionary investment managers, to develop and introduce a Code of Conduct for DIM’s and to be the voice of DIM’s in South Africa.

This committee will play an integral part in the architecture of the financial services industry of the future in light of several proposals of the Retail Distribution Review which specifically refers to the Investment field.