What's Happening?

Facebook Twitter Youtube Linkedin

NEED HELP? QUESTIONS@FIA.ORG.ZA

become A FIA member TODAY
member login

About the FIA

Our primary purpose is to guard, develop, promote, and represent professional advisory and intermediary businesses in the financial services industry.

Vision

To be a trusted source and preferred voice for advisors and intermediaries in South Africa.

Mission

The FIA exists to guard, develop, promote, and represent professional advisory and intermediary communities, that work together to secure a sustainable future for advisory businesses, for the benefit of clients and all stakeholders in the financial services industry.

Core Values

Respect, Credibility, Professionalism, Commitment and Passion.

The FIA’s core strategic objectives are:

  • Professional and Organizational Development will focus on skills and business development, consumer education and transformation.
  • Advocacy and Representation will focus on building capacity in our regulatory department to influence and guide policy and regulatory developments in a constructive manner that leads to positive outcomes for stakeholders.
  • Financial Sector and Market Intelligence will assist in obtaining relevant information and interpret data to engage stakeholders in a meaningful manner.

Management Structure

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

Butsi Tladi

President

Ronald King

Vice President

Theoniel McDonald

Director

Dr Nolwandle Mgoqi

Director

Peter Olyott

Director

Spiros Fatouros

Director

Mercia van der Walt

Regional Director: Northern Region

Dryden Doughty

Regional Director: Coastal Region

Heerin Poonee

Regional Director: Rand Region

Greg Setzkorn

Regional Director: Central Region
Chair: Healthcare Exco

Zahir Anter

Chair: Employee Benefits

Rob Lansdell

Chair: Education & Training

Isobel Rohwer

Chair: Advisory Council & Membership

Errol Masinga

Chair: Transformation

Henriette Senekal

Chair: Non-Life Exco

George Dell

Chair: Discretionary Investment
pattern-blue-right

FIA Excos and Mandate

There are seven executive portfolio committees – representing life insurance, non-life insurance, financial planning, healthcare, employee benefits, transformation and investments. The additional executive committees include membership and training and education.

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 health insurance, medical scheme practice and products and related health insurance matters, mainly related to 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.

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 focus areas along with basic forms of risk cover. 

Employee Benefits Committee

The employee benefits committee represents corporate and individual administrators. It also maintains close contact with retirement benefit bodies, Principal Officers and Trustees.

Interaction with the Institute of Retirement Funds and other relevant industry bodies, as well as key personnel in retirement fund administrators/insurers facilitates the promotion of common interests.

Non-Life Insurance Committee

The non-life 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 focus on Investment Managers.

Transformation Committee

The Transformation Executive Committee of the FIA has been established to assist the FIA to progress its transformation plan, which is a critical part of the FIA strategy.

The objective of the Committee is to assist the FIA and its members to discharge their transformation responsibilities with respect to the goals and purposes of the following:

  • Broad Based Black Economic Empowerment (BBBEE) Act;
  • Employment Equity Act;
  • Skills Development Act;
  • The Financial Sector Code; and
  • Socio-Economic Development.

 

Education & Training Committee

The committee is responsible for identifying current and future training needs of FIA members.

In order to achieve its objectives, the committee will engage, consult and collaborate with regulators and other industry and professional bodies.

Memorandum Of Incorporation
Rules of the Association
Code of Conduct

Branches

The FIA has 25 branches across South Africa. The 25 branches are split into 4 regions which include Rand, Northern, Central and Coastal.

For more information regarding the branches and regions, please contact the FIA Regional Co-ordinators at communication@fia.org.za

HISTORY OF THE FIA

January 1, 2008

The Financial Intermediaries Association of Southern Africa (FIA) was established on 1 January 2008 following a two-stage merger with the dominant intermediary representative bodies in existence in South Africa at the time.

January 1, 2008

6 Months Later

First – the South African Financial Services Intermediaries Association (SAFSIA) merged with the Independent Broker Council (IBC) to form the FIA. Second – some six months later – the Life Underwriters Association of SA (LUASA) merged into the FIA structure.

6 Months Later

The FIA Today

The merger was the culmination of a dream for a unified voice to represent intermediary interests to all financial services stakeholders throughout South Africa.

The FIA Today
PRESS RELEASE 1
PRESS RELEASE 2

Subscriber Terms and Conditions

  1. APPLICATION OF TERMS
    • These terms and conditions (“Subscriber Terms”) apply to the subscription by any qualifying member of the South African Underwriting Managers Association NPC (“SAUMA”) to the services and benefits offered by FIA Services (Pty) Ltd (“FIA Services”) under the SAUMA affiliation arrangement (“Subscription”).

  2. NATURE OF SUBSCRIPTION
    • A Subscription under this arrangement:
      • does not constitute membership of FIA NPC;
      • does not confer any voting rights or governance participation in FIA NPC; and
      • is governed solely by the contractual relationship between the Subscriber and FIA Services.

  1. ELIGIBILITY
    • To qualify for the Subscription, the applicant must, at the time of application, be a current paid-up member of SAUMA.
    • FIA Services will verify the applicant’s SAUMA membership status with SAUMA prior to activation, and may re-verify such status periodically.
    • If a Subscriber ceases to be a paid-up member of SAUMA, the Subscription will correspondingly be terminated.
    • Applicants are required to authorise FIA Services to confirm their SAUMA membership status with SAUMA as part of the application process.

  1. SERVICES
    • The Subscription entitles the Subscriber to the following benefits:
      • Complimentary access to the FIA CPD Platform;
      • Complimentary access to the FIA Insight Magazine (digital edition);
      • Advertising opportunities on FIA platforms at a discounted rate of 15% (fifteen percent) off the prevailing published rates; and
      • Invitations to attend FIA Technical Webinars annually.
    • FIA Services reserves the right to update, vary or substitute the Services from time to time, provided that the overall value and nature of the benefits remain materially the same.

  1. FEES AND PAYMENT
    • The monthly subscription fee is R260.00 (two hundred and sixty rand) for up to seven registered individuals (Key Individuals and Representatives), and R36.00 (thirty-six rand) per additional registered individual thereafter, excluding VAT.
    • The Subscriber shall provide FIA Services with the required details of each individual to be registered under the Subscription for the purposes of activation and billing.
    • All fees are exclusive of VAT, which shall be charged at the prevailing statutory rate.
    • Subscription fees are reviewed annually in March and may be adjusted with effect from 1 April.
    • Any changes to the Subscription, including but not limited to the number of Representatives and Key Individuals registered under the Subscription, may only be effected once annually during the annual review period in March of each year, with such changes taking effect from 1 April.
    • Subscription fees shall be billed monthly in arrears, unless the Subscriber elects an annual billing cycle at the time of application.
    • The Subscriber shall ensure that all billing information (including contact details, authorised signatories and bank account details) is kept accurate and up to date.
    • Non-payment of subscription fees may result in suspension of access to the Services until such fees are brought up to date.
    • The Subscriber acknowledges and agrees that all subscription fees payable under these Subscriber Terms may be collected by way of debit order, which shall be processed by the holding company, FIA NPC (The Financial Intermediary Association of South Africa), on behalf of FIA Services. Payment to FIA NPC shall be deemed to constitute valid and sufficient discharge of the Subscriber’s payment obligations to FIA Services under these Subscriber Terms.

  1. ONBOARDING
    • Onboarding will be conducted as a Subscription with FIA Services under the SAUMA affiliation arrangement.
    • Onboarding will not confer FIA NPC membership status or any associated rights.
    • Onboarding is conditional on confirmation of the Subscriber’s current SAUMA membership at the time of application

  1. DATA PROTECTION
    • FIA Services will process all personal information in accordance with the Protection of Personal Information Act 4 of 2013 (POPIA) as set out in our POPIA policies.
    • By subscribing, the Subscriber authorises FIA Services to confirm their SAUMA membership status with SAUMA and to process personal information for the purposes of fulfilling the Subscription.

  1. TERMINATION
    • The Subscriber may terminate the Subscription by giving FIA Services one calendar month’s written notice.
    • FIA Services may terminate the Subscription on one calendar month’s written notice, or immediately if the Subscriber breaches these Subscriber Terms and fails to remedy such breach within 14 (fourteen) days of receiving written notice.
    • Termination of the SAUMA–FIA Services affiliation agreement shall not automatically terminate these Subscriber Terms.
    • Termination by the Subscriber shall not relieve the Subscriber of liability for any subscription fees accrued up to the effective date of termination.
    • FIA Services may suspend or terminate the Subscription with immediate effect in the event of non-payment of fees by the Subscriber.

  1. GENERAL
    • These Subscriber Terms are governed by the laws of the Republic of South Africa.
    • Any disputes arising under these Subscriber Terms shall be dealt with in accordance with the dispute resolution provisions contained in the FIA NPC membership terms and conditions, as modified to reflect that the contractual relationship is with FIA Services.
    • Any notices required under these Subscriber Terms may be validly delivered by email to the addresses provided in the Subscriber’s application form, and such notices shall be deemed received on the day of transmission if sent during business hours.
    • The Subscriber may not assign, cede or transfer any of its rights or obligations under these Subscriber Terms without the prior written consent of FIA Services.
    • No variation of these Subscriber Terms shall be of any force or effect unless reduced to writing and signed by both FIA Services and the Subscriber.