Dear FISA Members

It’s hard to believe that it is May already as it feels like the year has just started. I’m sure that, like me, you were hoping for some clarity on the proposals made in the Davis Tax Committee’s First Interim Report on Estate Duty, but we are still waiting to see if the Committee has taken note of the industry’s response. We’re also waiting for more details on the brief comments made about interest-free loans to trusts in the Budget speech. This lack of certainty has prompted us to use “Protection” as the theme for this newsletter – with the confirmed and anticipated changes in legislation it has become even more important for FISA members to protect their clients.

I recently read about a profession in Venice in the Middle Ages for a man called a codega – this was a person you hired to walk in front of you at night with a lit lantern, showing you the way, scaring off thieves and demons, and bringing you confidence and protection through the dark streets. In many ways that’s what we as FISA members represent to our clients.

In this issue of FISA FOCUS we bring you a variety of articles, including on the Davis Tax Committee, the Protection of Personal Information Act (commonly known as POPI), and an interesting court case.

We have already started work on the planning for the 2016 conference and I urge you to consider attending as it will be of huge value to you. The registration for the FPSA^® exam in September and November has also just opened and I hope that many of you will enrol.

Enjoy the newsletter!

Fiduciary regards
Ronel Williams
Chairperson

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We once again commissioned Colin Daniels to create an exclusive cartoon for our newsletter, enjoy!In terms of our agreement with Colin, please note this cartoon should not be used elsewhere.

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Davis Tax Committee

In September 2015 FISA made a submission to the Davis Tax Committee following its 1st Interim Report on Estate Duty, which we circulated to members at the time. As you know, the industry awaits a further report from the DTC. Dr Stefan Strydom (SBRO), of the FISA Council subcommittee submission to the Davis Tax Committee, has summarised the FISA submission for the benefit of members. Read the full summary here.

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POPI

Louis van Vuren, CEO of FISA, leads members through the maze of the Protection of Personal Information Act (POPI), alerting them to what to expect once the act becomes effective. Read the full article here.

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Court Case

Charles Evison of Legacy Fiduciary Services discusses the court case Duplan v Loubser NO and Others in the light of the proprietary consequences of the relationships of unmarried couples in South Africa. Read the full article here.

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UFS Diploma Course

Read about the Advanced Diploma in Estate and Trust Administration, the only programme currently endorsed by FISA as a relevant qualification to be awarded the FPSA^® designation. Full details are available here.

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Councillor Profile – Angélique Visser

FISA Focus caught up with Angélique Visser, FISA National Councillor and former FISA Chairperson. Read the full profile here.

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Councillor Profile – Muhammed Jagot

Muhammed Jagot, Regional Chairperson for FISA in KwaZulu Natal, chatted to FISA Focus about his role, the challenges and his vision for the region. Read the full profile here.

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Your CPD obligations and how to comply

Every FISA member is obliged to spend 60 hours in Continuous Professional Development (CPD) in a moving two year cycle.

Louis van Vuren, FISA CEO, explains CPD and how to capture your points – click here to see how it’s done.

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FISA Moneyweb Campaign

Read a report-back on FISA’s successful Moneyweb campaign in March 2016. Click here for the full report.