FISA’s Vision: Transforming Fiduciary Services in South Africa

As South Africa’s fiduciary landscape evolves amid rising complexity, legal reform, and an ageing population, this in-depth conversation between Tony van Niekerk and Louis van Vuren, outgoing CEO of FISA, is both timely and essential. With over a decade of leadership at the Fiduciary Institute of South Africa, Louis offers candid reflections on the sector’s transformation, and the work still to be done.

From strengthening compliance requirements to modernising the Master’s Office and advocating for enduring powers of attorney, Louis outlines FISA’s multifaceted efforts to enhance professionalism and client protection. “The increased compliance is making a case for professionals in the administration of trusts,” he notes, highlighting the importance of trustee accountability in a high-risk environment.

He doesn’t shy away from operational challenges either, sharing how load-shedding, outdated infrastructure, and unreliable IT systems are affecting service delivery at Master’s Offices across the country. “We know of staff using their own data just to get work done,” Louis says, underlining the dedication but also the systemic issues at play.

Looking ahead, Louis previews the 15th FISA Annual Conference, themed “Fiduciary Opportunities in a Tense World,” with keynote speakers tackling everything from global unrest to legal ethics and regulatory updates.

This discussion is a must-listen for fiduciary professionals, attorneys, wealth managers, and policymakers alike. It offers not just a view into FISA’s advocacy, but also a broader look at the legal, ethical, and logistical terrain shaping the future of fiduciary services in South Africa.

Key Points:

• Leadership Transition: Louis van Vuren is stepping down as CEO of FISA; a successor will soon be announced.

• Regulatory Advocacy: FISA is working on improving practicality around compliance for trustees, particularly regarding the beneficial ownership register.

• Legislative Reform: Strong push for introducing enduring powers of attorney in SA law.

• Operational Challenges: Significant issues persist at the Master’s Offices, including poor infrastructure and unreliable systems.

• Professionalisation of the Sector: Increasing complexity in trust management highlights the growing need for qualified fiduciary professionals.

• FISA Conference 2025: Set for Sandton, themed “Fiduciary Opportunities in a Tense World,” with a hybrid format and keynotes from military and legal experts.