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Financial Intermediaries Association of Southern Africa

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Tel: +27 (0) 12 665 0085
Fax: +27 (0) 12 665 0534
Address:
Corporate Corner
Unit No. 9
Cnr John Voster & Marco Polo Drive
Centurion
Gauteng
South Africa
Postbox:
PO Box 11901
Centurion
0046
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The Financial Intermediaries Association of Southern Africa (FIA) came about with the merging of SAFSIA and the IBC and has been in effective operation from 1st January 2008.

 

Both SAFSIA and the IBC had been in operation for more than 27 years and each association had a rich history of representing financial services intermediaries.

 

The members of the FIA act on behalf of over 80% of all consumers and businesses who purchase short term insurance, over 60% of all life assurance and collective investments transactions, 80% of employee benefits business and a substantial proportion of the medical cover in South Africa.

 

In July 2008, LUASA (the Association of Professional Financial Planners) merged with the FIA.

 

Industry role

 

The FIA has clearly defined its role as being to champion the interests of consumers who require short term insurance, investment and financial planning, medical cover and retirement benefits.


The FIA will do this by representing the vast majority of financial planners and insurance brokers in the country. This will involve the implementation of a code of conduct and ethics, the establishment of technical, educational, advice and professional practice standards, and the upholding of these standards through such important establishments as the Financial Planning Institute and the Insurance Institute.

 

In doing this, the FIA will interact with the State’s authorities and regulators (such as Parliament’s Portfolio Committee on Finance, the Financial Services Board, National Treasury, Department of Social Welfare and Pensions, the Department of Health and the FAIS Ombud).

 

A further priority of the FIA will be to act for both consumers and intermediaries in dealings with the life assurers, short term insurers, health care companies, Investment houses and all unit trust and linked product companies and other institutions that supply financial products and services.

 

The FIA has committed itself to continued collaboration with other intermediary associations and will continue to pursue the vision of a ‘one voice’ structure for the whole industry through which matters of common interest can be channelled when negotiating with the authorities and product supplier associations.

 

 

Company Press Releases »

Icon FIA welcomes the publication of the RDR discussion paper – now the hard work begins!
10 Nov 14 | Read More »
          Justus van Pletzen, CEO of the FIA         The Financial Intermediaries Association of Southern Africa (FIA) welcomes the long-awaited publication of the Financial Services Board’s ...
Icon SA’s top financial services product suppliers crowned at the 2014 FIA Awards celebrations
13 Jun 14 | Read More »
The 2014 Financial Intermediaries Association of Southern Africa (FIA) Awards gala dinner took place last night (Thursday, 12 June 2014) at the Sandton Convention Centre, Johannesburg. More than a thousand industry representatives thronged to the glittering black-tie event ...
Icon Global best practice - Keeping a close watch on international intermediary trends
14 Feb 14 | Read More »
      Justus van Pletzen, CEO of the FIA           The Financial Intermediaries Association of Southern Africa (FIA) is preparing for its participation in the ...
Icon The Value of Good Advice
13 Dec 13 | Read More »
South Africa’s risk and financial advisers ‘keep it clean’ through 2013         Justus van Pletzen, CEO of the FIA             The Financial Services Association of Southern ...
Icon Transforming insurance
02 Oct 13 | Read More »
The insurance industry places transformation high on the human capital development agenda   Human Capital Development is one of the 10 most pressing Environmental, Social and Governance (ESG) issues facing South Africa’s short term insurance industry. It is ...
Icon Empowered insurance and financial advice
30 Sep 13 | Read More »
Financial Sector Code will reignite transformation initiatives across the financial services industry   Justus van Pletzen, CEO Financial Intermediaries Association of Southern Africa The ...
Icon Intermediation Redefined
23 Sep 13 | Read More »
Independent financial advice is pivotal in improving access to financial products and addressing South Africa’s poor savings culture   South Africa’s finance and risk advisers find themselves at a defining moment in the history of financial services provision ...
Icon Commission is the foundation for extending financial advice to South Africa’s poor
21 Sep 13 | Read More »
              Justus van Pletzen, CEO Financial Intermediaries Association of Southern Africa                 On 20 August 2013 a subsidiary of ...
Icon Brokers deliver indispensable services to medical scheme members
19 Sep 13 | Read More »
The Financial Intermediaries Association of Southern Africa (FIA) wishes to correct certain inaccuracies in an 8 September City Press article titled Medical aid clients losing out to brokers by Zinhle Mapumulo. The negativity cast by this article on the conduct ...
Icon If it is not broken…
19 Sep 13 | Read More »
Broker-assisted distribution offers the best deal for consumers and insurers   In Short-term insurance brokers struggle with broken business model, Financial Mail, 13 September 2013, journalist Stephen Cranston, observes that the core personal lines, motor and property ...

Company Careers »

Icon Communications Manager: Centurion11 Sep 12
Icon FIA Regional Coordinator: Northern Regions, KZN/FS and Western Cape07 Mar 12
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