About

History of FISA

FISA was formed in June 2008. The institute has its origins in the Association of Trust Companies, a prestigious body that was founded in 1932 to represent the interests of trust companies and their clients.

2 Women RDIn June 2008, membership of FISA was broadened to include anyone active in the broader fiduciary industry. FISA actively invites membership from individuals who meet its entry requirements, be they from a legal, accounting, financial planning or other background. In this way FISA aims to assist in transferring skills to the broader industry as well as to set and maintain high ethical standards.

Structure

FISA is governed by a 12-person Council. There are seven special purpose committees comprising experts in the areas of trusts, estates, compliance, tax, education and training, employee-benefit trusts and beneficiary funds.

Visit our Council members page here to obtain contact details.

FISA also has local boards in areas where there is sufficient practitioner representation. This facilitates cooperation at a regional level between members and bodies such as SARS and the Master’s Office.

Who we are

The Fiduciary Institute of Southern Africa (FISA) is a non-profit organisation that represents fiduciary practitioners and sets high minimum standards for the industry to protect the public’s interests.  FISA is the only professional body focusing solely on fiduciary practitioners in Southern Africa. Membership is drawn from trust companies and banks, as well as the legal, accounting and financial planning professions.

FISA members collectively manage in excess of R280 billion. They draft several thousand wills each year and administer around 50 percent of deceased estates reported to the Master’s Office.

Activities of FISA members include, but are not restricted to estate planning, the drafting of wills, administration of trust and estates, beneficiary funds, tax and financial advice and the management of client funds.

FISA helps to make processes smoother for members and the public, particularly through its good working relationship with the Master’s Office and SARS.

Objectives of FISA

The objectives of FISA are:

  • To protect the fiduciary profession
  • to promote the interests of fiduciary professionals through the setting and enforcement of professional standards of conduct for fiduciary professionals
  • to provide a framework within which members can achieve the qualifications and competence to practise as fiduciary professionals
  • to ensure that members maintain the highest professional and ethical standards in the pursuance of their profession
  • to promote the interests of members in fulfilling their professional aspirations

We aim to set minimum standards of education and experience for our members.