History of FISA

FISA has its roots in the Association of Trust Companies (ATC) which was formed in 1932. Membership of the ATC was restricted to trust companies active in will drafting, administration of trusts and estates, tax and financial advice and the management of client funds.

In June 2008, a new constitution, disciplinary code and code of conduct were adopted by the members with a view to broadening membership and to increasing the relevance and influence of members in the broader fiduciary industry. At that stage the organisation’s name was changed to The Fiduciary Institute of South Africa.

Following the amendments membership was extended to individuals who meet the entry requirements as it is believed that many practitioners choose to operate independently of the large corporations whilst still performing an admirable service. By including these practitioners the FISA believes that it can assist in the transfer of skills to the broader industry and the setting and maintenance of high ethical standards In addition, as did the ATC, FISA will continue to work closely with government to assist in reducing unnecessary cumbersome legislation and to streamline many processes, particularly within the office of the Master of the High Court.