The Financial Intermediaries Association of Southern Africa (FIA) is a non-profit organisation, founded and funded by members.
The FIA is the only recognised trade association that represents the business interests of intermediaries at Business Unity South Africa (BUSA), the Financial Sector Transformation Council (FSTC) and the World Federation of Insurance Intermediaries (WFII). Our membership comprises a network of diverse advisory businesses that have in common passionate individuals, industry experts and thought leaders who are committed to driving positive change and advancement in the Financial Services Sector.
The FIA represents more than 1 600 member FSPs and 12 000 key individuals and representatives. Our primary objective is to promote the collective interests of professional advisory businesses with a broad range of stakeholders. We are unique in that we are multi-disciplined; members operate in Healthcare, Financial Planning, Non-life, Employee Benefits, and Investments (Discretionary Investment Managers).
There are eight executive committees that meet on a quarterly basis – representing Investments (Discretionary Investment Managers), Non-life, Financial Planning, Healthcare, Employee Benefits, Transformation, Education & Training and Membership. These committees consist of industry experts who engage in collaborative projects and initiatives with other members, driving impactful solutions and innovations. Members make a collective contribution to important discussions and policy advocacy efforts that shape the future of the industry.
We offer a wide range of benefits to accommodate the diverse needs of members. Some of these benefits include:
- An opportunity to contribute to the ongoing development of the regulatory framework in SA. The FIA advocates for the interests of advisory businesses to manage the risk of increasing compliance costs and complexity.
- Complimentary CPD (Continuous Professional Development), access to industry trends and insights via weekly communications, webinars, member events, and networking opportunities.
- Membership grants you an opening to actively participate in decision-making processes, influence organisational direction, and shape policies that will lead to a sustainable and positive impact on business.
- Highlight intermediary businesses as an active contributor to the collective growth and success of the industry.
- Join one of 25 branches across the country to connect and engage with like-minded businesses on key developments in the industry.
The FIA scope of work (highlights only)
Outlined below is a summary of activities in which the FIA and our members have engaged on behalf of industry.
- Two-Pot Retirement System
- National Health Insurance (NHI)
- COFI (Conduct of Financial Institutions Bill)
- OMNI-CBRs (FSCA quarterly reporting requirements)
- Revised Joint Standard – Cybersecurity & Cyber Resilience
- The revised Financial Sector Code
- The Financial Sector and Deposit Insurance Levies Bill
- LCBO (Low-Cost Benefit Options) Guidelines & PMBs (Prescribed Minimum Benefits)
- Employment Equity Amendment Bill & Regulations
- FICA / Grey Listing
Membership fees are a critical aspect of sustaining and supporting the activities of the FIA. These fees provide the necessary financial resources to maintain and enhance the service offering to members.
The FIA prides itself on being a constructive contributor to the trajectory of the industry. We are only able to achieve our ambitions with the support of members.
If you would like to join the FIA, please contact email@example.com