The FPI Technical Services Department, together with Andre Jacobs, CFP®, FPI Health ISG Chairperson, made a submission to National Treasury on the Draft Regulations on the demarcation between health insurance policies and medical schemes. The purpose of the Regulations is to find a balance between medical schemes and health insurance products.  They also seek to address the risk of p...

The word “professional” is usually used these days to describe competence and skill. This is a complete misinterpretation of what the word means and what the public is entitled to expect. A professional is a person who lives by the standards, tenets and ethics of a profession. It is therefore relevant to look first at what constitutes a profession, and only after that at what it...

Lindo Xulu speaks to Godfrey Nti, CE of the Financial Planning Institute (FPI), about the abuses within the industry. What is the maximum fee financial advisers are entitled to charge for their services? The institute is not in a position to prescribe a minimum fee. What’s important is that the client understands exactly what they’re paying for. Advisers should always disclose...

Kaizen (改善) is the Japanese strategy of Continuous Improvement. “Japanese management practices succeed simply because they are good management practices. This success has little to do with cultural factors.  And the lack of cultural bias means that the practices can be – and are – just as successfully employed elsewhere.” Masaaki Imai, founder of the Kaizen Instit...

The Financial Planning Institute of Southern Africa (FPI) Board of Directors are pleased to announce the appointment of the new FPI Chairperson-Elect, Sankie Morata, CFP® effective as of 1 March 2012.    Morata graduated from the University of the Free State (UFS) and has dealt primarily with Corporate Commercial Law pertaining to the financial services industry. He has previo...