The FPSA® is the new standard for fiduciary practitioners in South Africa. It is a mark of quality and peace of mind for consumers of fiduciary services in Southern Africa as it indicates that, apart from the qualifications a member holds, he/she has demonstrated the ability to act as a professional in the highly technical fiduciary field.
In order to attain the FPSA® designation, the individual has to be a FISA member. As from 2018, anyone who wishes to apply to FISA for the FPSA® designation will first have to enter and successfully complete the Advanced Diploma in Estate and Trust Administration which has been offered by the School for Financial Planning Law at the University of Free State since 2015.
What does this mean for me?
By using someone with the FPSA® designation, members of the public will know that they are dealing with a person who has demonstrated:
- Academic knowledge by obtaining a formal qualification and the required level of appropriate experience;
- The ability to apply the knowledge;
- A willingness to be bound by the ethical standards of a profession;
- A commitment to maintain levels of technical knowledge through a continuing professional development (CPD) programme.
The FPSA® standard will soon be the only accepted standard in the fiduciary industry.
What exactly can an FPSA®do for me?
An FPSA® will be able to assist with estate and will planning, will drafting, deceased estate administration and trust administration. While many persons may claim to have knowledge in these areas, an FPSA® proved it by passing a stringent examination.