1 year ago

Blue Chip Issue 80

  • Text
  • Fintech
  • Technology
  • Dfm
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  • Schroders
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  • Momentum
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Blue Chip is a quarterly journal for the financial planning industry and is the official publication of the Financial Planning Institute of Southern Africa NPC (FPI), effective from the January 2020 edition. Blue Chip publishes contributions from FPI and other leading industry figures, covering all aspects of the financial planning industry.

FOREWORD A huge thank

FOREWORD A huge thank you from the FPI Lelané Bezuidenhout CFP® CEO, Financial Planning Institute of Southern Africa The CEO of the Financial Planning Institute counts her blessings and thanks everyone for the incredible work done in the face of an almost-insurmountable Covid-19 third wave. Welcome to this edition of Blue Chip. The last time I wrote to you, we were between the second and third waves. We are in the middle of the third wave now, which is much worse than the previous two were, especially in Gauteng. My heart and my prayers are with every family that has been affected in one way or another by this terrible virus. Because of the risk, the FPI is still working remotely. Thank you to all the staff for your dedication. I also note (humbly) all the compliments posted on social media about the FPI’s excellent customer service during this time. Thank you to the members who took the time out to acknowledge this. Some members even wrote to me directly, praising specific staff members for their dedicated customer service. At the FPI, our staff values and principles are the same as those we expect our members to adhere to: • Client first. We act in the best interest of our clients. • Competence. We believe in the continuous professional development of our staff. Special thanks goes to the SETAs, especially the Insurance Sector Education Authority (INSETA), for assisting the FPI with bursaries and learnerships. • Confidentiality. We understand the need to comply with regulations, especially POPIA. • Diligence. We take pride in what we deliver. • Fairness. We treat others the way we want to be treated. • Integrity. We will always be honest, consistent and transparent in everything we do. • Objectivity. We avoid all possible conflicts of interest. • Professionalism. We strive to be excellent at everything we set out to do. New board members We had a great response to the call for new board members. I am pleased to welcome Jitesh Jairam (appointed) and Olwethu Masanabo (elected) – both CFP® professional members of the FPI. As I type this, Jairam and Masanabo are in board member induction training with our company secretary. Thank you to everyone who made themselves available for the elections – we will pull you closer to the FPI in our other committees. A body such as ours needs all the volunteers it can muster to help us achieve our vision: professional financial planning and advice for all. AGM report back The FPI had a very successful annual general meeting in June. Well done to company secretary, Kobus Oosthuizen, chair of the FPI board, Navin Ramparsad and chair of the FPI’s audit and risk committee, Heinrich Punt. 8

A body such as ours needs all the volunteers it can muster to help us achieve our vision: professional financial planning and advice for all. Unfortunately, I missed the AGM. It is the first one I have missed – I was sick in hospital. With such a highly competent management team taking care of things, I was able to focus on resting and getting better. Thank you to everyone who helped during that difficult period. Upcoming events 2021 Continuous professional development (CPD) is a vital part of any professional’s competency levels. CPD ensures that you remain relevant to your clients’ needs, especially in current times. FPI workshops • Retirement and Investments [5 August]. This session focuses on technical knowledge needed from a retirement, tax and investment-planning point of view. We will also be launching an exciting paper on risk profile as a component of suitable advice. (The paper is based on work that was done in a combined FIA and FPI workshop.) • Estates and Trust [15 September]. This workshop reviews the technical knowledge needed for estates, tax and trust planning. The FPI will reflect on ethics issues and the related updates within the space. • Tax Planning [30 September]. The FPI discusses immigration and foreign assets, as well as the new income tax deduction allowances for home-office expenses as outlined by SARS. 2021 FPI Professional Convention 25 and 26 October It is time for the FPI’s flagship event – the 2021 FPI Professional Convention. This year’s theme is The Future is Human. We have secured great international speakers, as well as local speakers, who will address topics that relate to human behaviour, as well as technology that frees up the human financial planner to spend more time on face-to-face with their clients. FPI’s integrated report The FPI has put together a comprehensive 2020 integrated report that provides feedback to our stakeholders. 2020 was the year that shaped us and forced a revolution in the way we work. The report will be released shortly. In closing We are grateful for the time we have been gifted with to make an impact in our own lives and the lives of others. We continue to serve and deliver excellent customer service. Even though we have been forced apart, technology has brought us closer than ever before, and we continue to have robust stakeholder engagements. I wish you all the best for the second half of 2021. Stay safe. 9

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