Blue Chip Issue 85

BLUE
CHIP
FOREWORD
SPRING IS IN THE AIR
The CEO of the Financial Planning Institute
shares the FPI’s latest news.
Lelané Bezuidenhout, CFP®
CEO, Financial Planning
Institute of Southern Africa
Spring is in the air and so is a lot of excitement
around what is happening at the Financial
Planning Institute of Southern Africa (FPI) and the
financial service industry at large. Some reflection
on what has taken place before we jump into what is
coming for the rest of the year:
Retirement Conference
CPD hours: 5.5 (4 technical and 1.5 ethics)
The FPI hosted a successful Retirement Conference in
partnership with the Actuarial Society of South Africa
(ASSA) and the Institute of Retirement Funds Africa
(IRFA). The conference reflected on over a decade of
regulatory changes due to the retirement reforms
that started back in +-2012. Members and speakers
from the FPI, ASSA and IRFA also reflected on what to
expect from the Financial Sector Conduct Authority’s
(FSCA) harmonisation project (harmonising all sectorial
laws into the Conduct of Financial Institutions (COFI)
environment), especially in the retirement space.
Key Individual Workshop
CPD hours: 4 (ethics and practice standards)
For some time, the FPI has recognised that the world of
the Key Individual (KI) has evolved drastically since FAIS
came into effect. Under the COFI matrix a KI’s role and
responsibilities will expand even further as they are a
key person as defined in the Financial Sector Regulation
Act 9 of 2017 (FSR Act). The KI Workshop took place in
partnership with the Compliance Institute Southern
Africa (CISA) and the Institute of Risk Management
South Africa (IRMSA). Both speakers, Hildegard Lombard
and Christopher Palm, left some great insights for the KIs
that joined us online for the workshop.
If you missed the Retirement Conference and/or the Key
Individual Workshop, you can still register for the events via
www.fpi.co.za.
FPI networking sessions
During August and September, the FPI hosted a series of
in-person member networking sessions that focused on
the 2023-2025 strategy planning and a general update
from the Institute. A massive thank you to the professional
members who attended the sessions – Team FPI gained a
lot of insights into what members need in the profession
over the next three years.
Professional Competency Examinations
Well done to all the candidates who passed the March, June
and September Professional Competency Examinations
(PCE). It is a massive achievement and great recognition of
years of hard work. For those who missed the PCE this year,
the first PCE sitting for 2023 will be in March.
Membership renewal 2023
Membership renewal is opening on 1 November 2022.
Be sure to renew your membership before 31 December
2022 to qualify for the early bird discount. You need to
complete your CPD upload by 31 May 2023 – all you need
to do between 1 November and 31 March 2023 is to renew
your membership (ie complete your declaration and pay
the required membership fee).
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