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.
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.
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.
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.
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.
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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.
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