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As an intermediary, you look out for your clients’ best interests.
But who’s looking out for yours?
JOIN OUR COMMUNITY

Who is the FIA?

The Financial Intermediaries Association of Southern Africa (FIA) is the trade association that ensures South Africa’s financial advice community’s interests are effectively represented and safeguarded. The FIA operates independently and is funded entirely by its members.  

 

The FIA represents a community of more than 12 000 licensed financial services providers, including multinational, large, medium and small businesses across healthcare, financial planning, non-life insurance, employee benefits and investments.

 

Through the FIA, these disparate sectors come together to speak with one voice. And when the FIA speaks, their voice is heard.

www.fia.org.za

Why become an FIA member?

The FIA engages with key stakeholders, including government and regulators, advocating on behalf of our members. While you focus on the important task of running your business and providing top-quality service to your clients, the FIA is working in the background, making sure your interests are looked after.

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FIA regulatory impact

Some of the significant regulatory impacts the association has achieved on behalf of intermediaries:

Reduced FSP Levies

Following extensive engagements by the FIA, National Treasury made proposals to reduce the FSP levies that intermediaries pay to the FSCA in terms of the Financial Sector and Deposit Insurance Levies Act – saving the intermediary market between R8m and R10m per annum.

Non-Life FICA Project

The FIA lobbied alongside industry associations for non-life insurers and intermediaries not to be included as accountable institutions under the FIC Act. This saved the industry more than R100m in compliance costs.

Healthcare broker fee review

On an annual basis, the FIA engages with the Minister of Health to ensure that the annual review of fees payable by medical schemes to medical scheme brokers takes place. An inflation-linked increase has been announced each year since.

ADDITIONAL REGULATORY IMPACT
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FIA Member Benefits

Online members’ lounge
Access regulatory updates, guidance notes, partner benefits, minutes, and more.

#Week@AGlance newsletter
Avoid misinformation with trustworthy industry updates delivered to your inbox.

FIA Insight Magazine
CPD-accredited reading on industry trends and updates.

Member Connect App
Connect with the FIA community seamlessly.

Insightful webinars
Stay informed with industry experts.

Regulated CPD training
Insightful and constructive continuous professional development online and face to face.

Regulatory Updates
Stay up to date on regulations and regulatory guidelines.

Members also have access to

FIA Professional Indemnity Scheme
Access the bespoke FIA professional indemnity scheme, competitive ratings, increased cover catered specifically to intermediary businesses.

FIA Group Life, Disability & Accident Scheme
Access the FIA group life, disability and accident cover scheme. Multiple types of coverage in a single policy, offering comprehensive protection.

FIA Membershield
Get bespoke cybersecurity, created especially for FIA members.

FIA Market Intelligence Tool (MIT)
Get access to the FIA’s web-based digital dashboard, which provides non-life insurer data at a glance.

Astute
FIA members unlock discounts of up to 20% on the Astute platform.

BECOME AN FIA MEMBER TODAY

Become an FIA Member Today!

You are eligible for FIA membership if you are a licensed FSP as per the provisions of the FAIS Act and derive an income from providing advice and / or intermediary services.

To become an FIA member, simply share your contact details with our Membership Team on the form below and we will send you a membership proposal.

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.