FPI CEO placed on special leave
20 June 2018: Johannesburg
– Following the recent suspension of regulatory examinations (REs) administered by the Financial Planning Institute (FPI), as well as allegations of mismanagement;, the Board has reached an agreement with the CEO, Mr Godfrey Nti, that he be placed on special leave pending the outcome of a full investigation into the above matters.
The Board will take all reasonable steps available at its disposal to ensure that the allegations are properly investigated and that all action considered to be appropriate, depending on the outcome of the investigation, is taken.
It must be emphasised that Mr. Nti has not been found guilty of any wrong doing and is innocent until proven otherwise. The Board’s action is only meant to protect the integrity of the process as well as all affected parties.
Ms Stephanie Pillay, FPI’s COO, will step in as acting CEO with immediate effect while Mr Nti is on special leave.
I would also like to take this opportunity to clarify that the suspension, by the Financial Sector Conduct Authority (FSCA), is only related to the FAIS regulatory examinations (REs).
The FPI membership, Professional Competency Examinations (PCEs), the FPI certification programme to attain the professional designations (CFP®
designations and/or FSA™ credentials) and the CPD accreditations, are not affected. To this end the Institute is committed and will continue to serve its members accordingly.
Stephanie Pillay, Chief Operating Officer
Financial Planning Institute
T: (011) 470 6112