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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION THAT HAS PASSED THE END DATE: 

National Certificate: Financial Services: Wealth Management 
SAQA QUAL ID QUALIFICATION TITLE
48493  National Certificate: Financial Services: Wealth Management 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
Was INSETA until Last Date for Achievement  OQSF - Occupational Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
National Certificate  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  140  Level 4  NQF Level 04  Regular-Unit Stds Based 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Passed the End Date -
Status was "Registered" 
SAQA 1852/04  2004-02-11  2007-02-11 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2008-02-11   2011-02-11  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This qualification is replaced by: 
Qual ID Qualification Title Pre-2009 NQF Level NQF Level Min Credits Replacement Status
57917  Further Education and Training Certificate: Wealth Management  Level 4  NQF Level 04  150  Complete 

PURPOSE AND RATIONALE OF THE QUALIFICATION 
The purpose of the Qualification is to empower learners to acquire knowledge, skills, attitudes and values required to operate ethically and responsibly as Financial Advisors, Planners or Intermediaries and to respond to the challenges of the economic environment and changing nature of the Financial Services Industry. It should add value to the qualifying learner in terms of enrichment of the person, status, licensing and recognition.

As a Qualification in Wealth Management, it provides a framework for learners to develop competencies related to the Long Term Insurance Sub-Sector, which includes Life Benefits, Healthcare Benefits Administration and Employee Benefits, Short Term Insurance and the Collective Investment Sub-Sector. It provides a balanced learning experience that allows flexible access to life-long learning, and to productive employment in Wealth Management, Collective Investments, Short Term and Long Term Insurance. It provides an opportunity for learners to learn and apply academic skills in relation to the workplace and will allow for multi-skilling. The Qualification is structured in such a way that it exposes learners to different kinds of investments with a view to enabling them to make an informed recommendation involving Financial Investments, Wealth Creation and Wealth Management. It is anticipated that this Qualification will promote the notion of life-long learning.

Rationale for the qualification:

The National Certificate in Financial Services: Wealth Management: NQF Level 4 is designed to meet the needs of learners in a variety of positions in the Financial Services industry with a particular focus on learners who could be deemed to give financial advice. It aims to develop informed and skilled learners in Wealth Management, which combines Long Term Insurance, Collective Investments and other aspects of investment and wealth creation and takes a holistic view of Wealth Management. It is intended for learners who
  • Have attained the National Certificate in Insurance: NQF Level 3 and wish to continue on a path of life-long learning specialising in Wealth Management.
  • Were previously disadvantaged or who were unable to complete their schooling and were therefore denied access to Further Education and Training.
  • Are trustees or Principal Officers of Retirement Funds or Medical Schemes.
  • Wish to extend their range of skills and knowledge of the industry so that they can become knowledge workers in the industry.
  • Are contracted in a learnership agreement in the Insurance sub sector.
  • Have not yet acquired the skills and competencies required for learning in Wealth Management at NQF level 5.

    The National Certificate in Wealth Management: Level 4 is a bridging certificate that allows the individual to work towards a nationally recognised qualification. It is flexible enough to accommodate both learners in formal education and learners already employed in the Financial Services Industry. The Qualification at this Level is the start of may lead to specialisation in various sectors of the Financial Services industry. It is generic enough to allow maximum mobility within the industry. The intention is:
  • To promote the development of knowledge and skills that are required in Wealth Management and specifically for giving financial advice.
  • To release the potential of people.
  • To provide opportunities for people to move up the value chain.
  • To provide opportunities for lifelong learning for people who work in Wealth Management.

    The skills, knowledge, values and attitudes reflected in the Qualification are building blocks that can be developed further at Level 5. Learners already employed in Wealth Management at this Level do work that requires fundamental knowledge of the most important areas of wealth management and the applicable legislation, economic principles and knowledge of the Financial Services Industry in general. They are required to interpret information and use their knowledge to propose and substantiate potential financial solutions within the level of their licensing mandate.

    Work roles related to Wealth Management include but are not limited to:
  • Internal Broker Consultants
  • Financial Services Call Centre Agents (Inbound and Outbound)
  • Personal Benefits Agents
  • Corporate Benefits Agents
  • Intermediaries
  • Client Service Providers
  • Sales and Marketing Agents
  • Life Administration Agents
  • Managers in the Collective Investment Sub-Sector
  • Retirement Fund Administrators
  • Financial Planners
  • Retirement Fund Administrators
  • Brokers
  • Trustees of retirement funds or medical schemes.
  • Principal Officers of retirement funds or medical schemes.
  • Administration staff dealing with brokers and intermediaries.
  • Business development consultants
  • Agents 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    The Unit Standards that make up the certificate are the building blocks of knowledge and skill that are necessary for the level 5 National Certificate in Financial Services: Wealth Management. For the most part only communication, mathematical literacy and financial literacy at level 3 are assumed.

    Recognition of prior learning:

    The National Certificate in Financial Services: Wealth Management: NQF Level 4 allows open access and may be achieved in part or in whole by Recognition of Prior Learning (RPL). Provision has been made for prior learning to be recognised if a learner is able to demonstrate competence in the knowledge, skills, values and attitudes implicit in this Qualification. Application for Recognition of Prior Learning (RPL) should be made to INSQA or a relevant accredited ETQA.
  • Recognition of Prior Learning (RPL) may allow for accelerated access to further learning.
  • Credit towards a Unit Standard is subject to quality assurance by INSQA or a relevant accredited ETQA and is conducted by a workplace assessor. 

  • RECOGNISE PREVIOUS LEARNING? 

    QUALIFICATION RULES 
    RULES OF COMBINATION

    Fundamental Component
  • All the Unit Standards in Mathematical Literacy, designated as Fundamental totaling 16 credits, are compulsory
  • For Communication in first Language, Unit Standard numbers 8974, 8975 and 8976 are compulsory. In addition, the learner must select either Unit Standard number 8979 or Unit Standard number 12153 or Unit standard number 12155 to give a total of 20 credits for Communication in First Language
  • For Communication in Second Language, Unit Standard numbers 8968, 8969, 8970 and 8972 are compulsory, giving a total of 20 credits
  • For Financial Literacy, the learner must select Unit Standards totaling a minimum of 10 credits from Unit standard numbers 10385, 10386, 10387, 10388 and 10389

    Core Component
    All the Unit Standards designated as Core, totaling 52 credits, are compulsory

    Elective Componenets
    Learners must choose Unit Standards, totaling 22 credits, from the Unit Standards designated as Elective 

  • EXIT LEVEL OUTCOMES 
    Qualifying learners should be capable of:
  • Applying fundamental knowledge of the most important areas of wealth management and the applicable legislation, economic principles and knowledge of the Financial Services Industry in general.
  • Applying essential methods, procedures, and techniques used in the financial services Wealth Management.
  • Interpreting information and using their knowledge to propose and substantiate potential financial solutions within the level of their licensing mandate.
  • Operating within a financial services organisation or operating environment as a system within a wider context.
  • Using knowledge of the industry to solve common problems within a familiar context in order to propose a financial solution
  • Adjusting an application of a common solution within relevant parameters to meet an identified need.
  • Motivating proposed changes using relevant evidence within their licensing mandate
  • Using their knowledge to solve well-defined problems that are routine in nature, within a familiar context.
  • Substantiating a proposed financial solution.
  • Gathering analysing and evaluating information.
  • Interpreting financial data and identifying trends.
  • Presenting and communicating information reliably and accurately in writing and verbally
  • Showing insight into current affairs in the Financial Services sector.
  • Comparing different wealth management proposals.

    The learner is able to demonstrate ability to
  • Identify and solve well-defined problems of a routine and non-routine and familiar nature within the context of Wealth Management in which responses show that responsible decisions have been made, adjust common solutions to meet changes in the problem and motivate the changes within own limit of authority.
  • Work effectively with others as a member of a team, group, organisation or community. As the Qualification is intended to be part of a learnership it is unlikely that the learner would work alone.
  • Organise and manage him/herself and his/her activities responsibly and effectively in that it is expected that the learner will be responsible for his/her own learning and for organising his/her own work allocated tasks responsibly in the work environment. She/he is required to complete research assignments timeously and to demonstrate insight into different aspects of Wealth Management.
  • Collect, organise and critically evaluate information. These competencies are built into the Assessment Criteria in many of the Unit Standards and the learner is required to do research projects and analyse information from the media.
  • Communicate effectively using visual, mathematics and language skills in the modes of oral and/or written presentations. These competencies are an integral part of all the Unit Standards and are built into the Assessment Criteria.
  • Use technology effectively and critically showing responsibility towards the environment and the health of others in that the Financial Services environment is technology driven and very few activities take place without the application of technology.
  • Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation in demonstrating insight into current affairs in the sector, understanding the consequences of non-compliance and the interrelationship between the various indicators and trends in the market.

    In addition this Qualification contributes to the full personal development of each learner and the social and economic development of the society at large, by making it the underlying intention of any programme of learning to make the individual aware of the importance of:
  • Reflecting on and exploring a variety of strategies to learn more effectively in order to become an informed worker in Wealth Management.
  • Being culturally and aesthetically sensitive across a range of social contexts in dealing with diverse people in the workplace including clients and co-workers. 

  • ASSOCIATED ASSESSMENT CRITERIA 
  • Proposed financial solutions are in line with licensing requirements, an agreed mandate, relevant service agreements and an organisation`s customer service policy.
  • The Wealth Management operating environment is explained as a system within the Financial Services sector and an indication is given of current events that could impact on the sector.
  • Essential methods, procedures and techniques of the Financial Services industry are applied within the legislated environment in order to propose a financial solution.
  • Well-defined problems both routine and unfamiliar within a familiar context are solved in order to propose a financial solution and where necessary applications of a solution are adjusted within relevant parameters to meet the identified needs or changes in the problem or operating context.
  • Information is gathered, analysed and evaluated in order to propose a financial solution or make a financial decision.
  • Financial data is interpreted to identify trends.
  • A Wealth Management solution is presented using technological skills.
  • Information is communicated coherently in writing and verbally in compliance with legislated requirements.

    Integrated assessment:

    Assessment practices must be fair, transparent, valid and reliable and should ensure that no learner is disadvantaged. Learners who wish to be assessed against this standard should direct enquiries to the Insurance Sector Quality Authority, INSQA.

    The focus of assessment must be on the assessment of the learning outcomes rather than learning outputs. The Specific Outcomes guide the learning and training process towards the outcomes on a continuous basis. The purpose is to determine whether the outcomes have been attained. Situations should present a wide range of options. Applications should require significant choices from a wide range of procedures and in a number of contexts.
  • Learning, teaching and assessment are inextricably linked. Where appropriate, assessment of knowledge, skills, attitudes and values indicated in the various Unit Standards should be integrated.
  • Assessment has a formative monitoring function. Formative assessment should be used to assess gaps in the learner`s skill and knowledge and to indicate where there is a need for expanded opportunities. The goal is to promote learning and to assess the efficacy of the teaching and learning process. Feedback from assessment informs teaching and learning and allows for the critique of outcomes, methodology and materials. Formative assessment is diagnostic and as such it should guide the learner and the trainer. It is continuous and is used to plan appropriate learning experiences to meet the learner`s needs. It provides information about problems experienced at different stages in the learning process. As it is criterion referenced, if the learner has met the assessment criteria, s/he has achieved the outcomes.
  • Assessment should also have a summative component. Summative assessment may be used on completion of a Unit Standard, but should not be the only form of assessment. A summative assessment of the exit outcomes is required on completion of all the necessary Unit Standards and before a Qualification is awarded.
  • A variety of methods must be used in assessment and tools and activities must be appropriate to the context in which the learner is working. Assessment should take place in an authentic context as far as is possible. Where it is not possible to assess competence in the workplace, simulations, case studies and other similar techniques should be used to provide a context appropriate to the assessment.
  • Integration implies that theoretical and practical components should, where possible, be assessed together.
  • Integrative techniques should be used to assess applied competence. Learners should be required to demonstrate that they can perform the outcomes with understanding and insight
  • Assessment should ensure that all Specific Outcomes, Embedded Knowledge and Critical Cross-Field Outcomes are evaluated. Assessment of the Critical Cross-Field Outcomes should be integrated with the assessment of the specific outcomes. The Critical Cross-Field Outcomes are implicit in some Unit Standards and programmes should be designed to extend and further reflect the integration. 

  • INTERNATIONAL COMPARABILITY 
    International comparability was undertaken as part of the qualification design and Unit Standard generation process for the registered Long Term, Short Term and Collective Investment qualifications at level 4. As Wealth Management combines all aspects of insurance and investment into a holistic qualification the findings of the original writing teams are relevant to this qualification.

    Writing teams consulted numerous Internet web sites to access Unit Trust Standards and Qualifications from other countries for comparison purposes. No equivalent Qualifications or Unit Standards were found. The following web sites were consulted:
  • British Standards Online www.bsi-global.com
  • Standards Council of Canada www.scc.ca
  • NSSB (National Skills Standards Board - USA) www.nssb.org
  • Financial Services Standards Resources at Business.com www.business.com
  • The Investment Funds Institute of Canada www.ific.ca
  • The Unit Trust Association - England www.investmentfunds.org.uk
  • British Standards Institution www.bsi-global.com

    Long Term Insurance (Life, Group Benefits and Healthcare Benefits) Unit Standards were compared to the NVQs from England and the Australian Insurance Qualifications. No insurance Unit Standards were obtained from New Zealand as there are none registered in that country. The NVQs included broad generic Core and Elective Unit Standards. It was ascertained that these qualifications were similar to the approach taken by South Africa with the exception of the inclusion of Fundamental Unit Standards deemed essential by SAQA.

    Short Term Unit Standards were compared to the NVQs from England and the Australian Insurance Qualifications. No insurance Unit Standards were obtained from New Zealand as there are none registered in that country. The NVQs included broad generic Core and Elective Unit Standards. It was ascertained that these qualifications were similar to the approach taken by South Africa with the exception of the inclusion of Fundamental Unit Standards deemed essential by SAQA.

    The level descriptors in the United Kingdom and Australia were similar to those adopted by SAQA. The format, assessment guidelines and methods of British standards were similar to the South African requirements. In general, British qualifications include four generic Unit Standards and the requirement of three options from an offering of twelve or thirteen core Unit Standards. It was decided to make use of the 1995 and 1996 British NVQs to determine international comparison throughout the process. In general the British philosophy allowed flexibility and it was felt that this approach was applicable to the international insurance industry and more specifically to the South African environment, with its focus on portability within the broader financial services industry. The qualification will therefore, be benchmarked against the British Qualifications.

    The Insurance Unit Standards have been compared to the standards and qualifications mentioned above. They are, in the opinion of the FSSGB, more relevant to the South African situation as the baselines of the British and Australian qualifications are so different it would be difficult to compare them Level to Level. The South African Fundamental Unit Standards for Financial Services Qualifications are relevant to the South African situation.

    Some of the Unit Standards in this Qualification were registered with the Level 4 National Certificate in Risk Management. The international trend is to risk management with insurance as a component. The FSSGB compared the National Certificate in Risk Management: NQF Level 4 to qualifications in risk management in the UK, USA and Australia. The UK, USA and Australia have Higher Education qualifications, but the SGB could not locate an equivalent qualification at an FET non-specialist level.

    A delegation from Inseta visited the UK and Ireland in 2002 with a view to benchmarking the insurance Qualifications registered with SAQA. Both countries indicated that at present they have nothing to compare our South African Qualifications to and would like to benchmark against the South African standard in about two years time. 

  • MODERATION OPTIONS 
    INSQA or a relevant accredited ETQA will monitor and quality assure moderation and assessment according to guidelines in the Qualification and INSQA procedures.

    Moderators must comply with the following criteria:
  • Moderators, competent at the Level of the Qualification must be registered as assessors by INSQA or a relevant accredited ETQA with whom INSETA has a Memorandum of Understanding to ensure that the standard across assessors is consistent.
  • Moderators are required to be competent in assessment practices.
  • Moderators are required to report to INSQA or a relevant accredited ETQA with whom INSETA has a Memorandum of Understanding on the assessment of the Qualification. (See INSQA framework and guidelines for assessment and moderation for details.) 

  • CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    This Qualification will be internally assessed by a provider registered by the Insurance Sector Quality Authority (INSQA) or a relevant accredited ETQA that has a Memorandum of Understanding with INSQA. The mechanisms and requirements for sample moderation will be contained in the document obtainable from INSQA.
    INSQA framework for assessment and moderation.
  • Institutions and providers offering learning that will lead to the achievement of the National Certificate in Financial Services: Wealth Management: NQF Level 4 must be accredited as providers with INSQA or a relevant accredited ETQA with whom INSETA has a Memorandum of Understanding.
  • INSQA or a relevant accredited ETQA with whom INSETA has a Memorandum of Understanding will monitor and quality assure moderation and assessment according to guidelines in the Qualification and INSQA procedures.
  • INSQA will assure the quality of all learning programmes in collaboration with other SETAs in different economic sectors.

    Assessors must comply with the following criteria:
  • Assessors must be registered as an assessor with INSQA or a relevant accredited ETQA with whom INSETA has a Memorandum of Understanding.
  • Assessors must be in possession of an Financial Services/Wealth Management Qualification at NQF Level 5 or equivalent
  • Assessors should have subject matter expertise in the Unit Standards as well as an understanding of the context of the Qualification in order to carry out integrated assessment. 

  • NOTES 
    This qualification has been replaced by qualification 57917, which is "Further Education and Training Certificate: Wealth Management", Level 4, 150 credits.

    Exit points for learners who do not complete a Qualification:
  • Learners will be credited with Unit Standards in which they have proved competence.
  • Learners who complete individual Unit Standards but do not complete this Qualification retain their credits. However, should the substance of the Unit Standard change, the validity of the credit towards the Qualification may be reviewed. In such cases, learners should apply to SAQA for an official record of learning.
  • Learners who change their provider or learning site before completing the Qualification may transfer their credits to the new learning site.
  • An official, original SAQA record of learning is required as proof of learning before the learner is officially transferred to the new learning site. 

  • UNIT STANDARDS: 
      ID UNIT STANDARD TITLE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
    Core  8992  Describe retirement funding in South Africa  Level 3  NQF Level 03 
    Core  113922  Explain the structure of the financial services industry in South Africa  Level 3  NQF Level 03 
    Core  8986  Research the history of the Financial Services Industry in South Africa  Level 3  NQF Level 03  10 
    Core  113925  Analyse current events reported in the media that could impact on wealth management  Level 4  NQF Level 04  10 
    Core  13940  Demonstrate knowledge and application of ethical conduct in a business environment  Level 4  NQF Level 04 
    Core  12164  Demonstrate knowledge and insight of the Financial Advisory and Intermediary Services Act (FAIS) (Act 37 of 2002)  Level 4  NQF Level 04 
    Core  15007  Demonstrate knowledge and understanding of South African law and the regulation of risk management  Level 4  NQF Level 04 
    Core  14979  Describe issues of compliance or non-activity that could result in civil or criminal liability in terms of business law  Level 4  NQF Level 04 
    Core  113916  Explain basic investment principles  Level 4  NQF Level 04 
    Core  113928  Explain the application of the Promotion of Access to Information Act, 2 of 2002 and the Electronic Transactions and Communications Act, 25 of 2002, in Wealth Management  Level 4  NQF Level 04 
    Core  14506  Explain the Finance Intelligence Centre Act, Act 38 of 2001 and its implications for client relations  Level 4  NQF Level 04 
    Core  14995  Explain the nature of risk and the risk management process  Level 4  NQF Level 04 
    Core  113914  Investigate the range of options available for wealth management  Level 4  NQF Level 04 
    Fundamental  9302  Access information in order to respond to client enquiries in a financial services environment  Level 3  NQF Level 03 
    Fundamental  8968  Accommodate audience and context needs in oral communication  Level 3  NQF Level 03 
    Fundamental  9303  Communicate verbally with clients in a financial environment  Level 3  NQF Level 03 
    Fundamental  8969  Interpret and use information from texts  Level 3  NQF Level 03 
    Fundamental  8973  Use language and communication in occupational learning programmes  Level 3  NQF Level 03 
    Fundamental  8970  Write texts for a range of communicative contexts  Level 3  NQF Level 03 
    Fundamental  12154  Apply comprehension skills to engage oral texts in a business environment  Level 4  NQF Level 04 
    Fundamental  12155  Apply comprehension skills to engage written texts in a business environment  Level 4  NQF Level 04 
    Fundamental  9015  Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems  Level 4  NQF Level 04 
    Fundamental  10389  Describe the basic principles of personal income tax  Level 4  NQF Level 04 
    Fundamental  15008  Determine risk exposure in order to manage the risk in a specific situation  Level 4  NQF Level 04 
    Fundamental  10385  Develop a business plan for a small business  Level 4  NQF Level 04 
    Fundamental  8974  Engage in sustained oral communication and evaluate spoken texts  Level 4  NQF Level 04 
    Fundamental  10388  Interpret basic financial statements  Level 4  NQF Level 04 
    Fundamental  10387  Investigate ways of managing financial risk in own lives  Level 4  NQF Level 04 
    Fundamental  8975  Read analyse and respond to a variety of texts  Level 4  NQF Level 04 
    Fundamental  9016  Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts  Level 4  NQF Level 04 
    Fundamental  8979  Use language and communication in occupational learning programmes  Level 4  NQF Level 04 
    Fundamental  7468  Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues  Level 4  NQF Level 04 
    Fundamental  12153  Use the writing process to compose texts required in the business environment  Level 4  NQF Level 04 
    Fundamental  8976  Write for a wide range of contexts  Level 4  NQF Level 04 
    Elective  9004  Market a single need insurance policy to a niche market  Level 2  NQF Level 02 
    Elective  12550  Demonstrate knowledge and understanding of the role functions and responsibilities of Trustees of Medical Schemes  Level 3  NQF Level 03 
    Elective  12547  Demonstrate knowledge and understanding of the role, functions and duties of trustees of Retirement Funds  Level 3  NQF Level 03 
    Elective  8990  Describe collective investment schemes  Level 3  NQF Level 03 
    Elective  8995  Describe funeral insurance  Level 3  NQF Level 03 
    Elective  9002  Describe healthcare funding in South Africa and the role of intermediaries in the sector  Level 3  NQF Level 03 
    Elective  8988  Describe life insurance  Level 3  NQF Level 03 
    Elective  8989  Describe short term insurance  Level 3  NQF Level 03 
    Elective  9001  Explain basic transactions in the collective investment industry  Level 3  NQF Level 03 
    Elective  8991  Explain Healthcare Benefits Administration in South Africa  Level 3  NQF Level 03 
    Elective  9005  Explain the types of compulsory statutory insurance in South Africa  Level 3  NQF Level 03 
    Elective  9000  Indicate how collective investment scheme portfolios are reported  Level 3  NQF Level 03 
    Elective  8987  Indicate how different needs lead to the development of different insurance products  Level 3  NQF Level 03 
    Elective  8996  Indicate the scope of life insurance in South Africa  Level 3  NQF Level 03 
    Elective  8997  Indicate the scope of short term insurance in South Africa  Level 3  NQF Level 03 
    Elective  12319  Perform change overs in a production or packaging environment  Level 3  NQF Level 03 
    Elective  10714  Research costs associated with marriage, birth, divorce and death in own circumstances  Level 3  NQF Level 03 
    Elective  113911  Use an electronic system as a tool in a financial services context  Level 3  NQF Level 03 
    Elective  14314  Analyse the different products available in the Long Term Insurance Industry and the benefits of each  Level 4  NQF Level 04  10 
    Elective  12168  Analyse the Financial Services industry and the role of insurance in a business environment  Level 4  NQF Level 04 
    Elective  113927  Analyse the proposed National Health policy as a means of providing healthcare for the nation  Level 4  NQF Level 04 
    Elective  113930  Apply industry knowledge to develop an investment strategy for a group retirement fund or medical scheme  Level 4  NQF Level 04 
    Elective  113921  Apply knowledge of the sales cycle in wealth management  Level 4  NQF Level 04 
    Elective  14991  Apply the law of contract to insurance  Level 4  NQF Level 04 
    Elective  12167  Demonstrate knowledge and insight into the Capital Gains Tax Legislation as it applies to insurance and investment  Level 4  NQF Level 04 
    Elective  12166  Demonstrate knowledge and insight into the Collective Investment Schemes Act, 45 of 2003 (CICSA)  Level 4  NQF Level 04 
    Elective  10392  Demonstrate knowledge and insight into the Estate Duties Act (45 of 1955) as it applies to insurance  Level 4  NQF Level 04 
    Elective  14315  Demonstrate knowledge and insight into the Income Tax Act (58 of 1962 and the accompanying regulations) as amended as it applies to insurance and investment products  Level 4  NQF Level 04 
    Elective  14316  Demonstrate knowledge and insight into the Long Term Insurance Act (1998)  Level 4  NQF Level 04 
    Elective  12335  Demonstrate knowledge and insight into the Medical Schemes Act (131 of 1998) and the accompanying regulations  Level 4  NQF Level 04 
    Elective  12332  Demonstrate knowledge and insight into the Policyholder protection legislation  Level 4  NQF Level 04 
    Elective  10194  Demonstrate knowledge and insight into the Short Term Insurance Act (No 53 of 1998) and the accompanying regulations  Level 4  NQF Level 04 
    Elective  10390  Demonstrate knowledge and understanding of different group retirement benefit products  Level 4  NQF Level 04 
    Elective  12323  Demonstrate knowledge and understanding of different products marketed by Healthcare Benefits Administrators  Level 4  NQF Level 04 
    Elective  14994  Demonstrate knowledge and understanding of insurable risk  Level 4  NQF Level 04 
    Elective  10371  Demonstrate knowledge and understanding of personal accident insurance  Level 4  NQF Level 04 
    Elective  10369  Demonstrate knowledge and understanding of personal/domestic insurance in South Africa  Level 4  NQF Level 04 
    Elective  14432  Demonstrate knowledge and understanding of reinsurance at a basic level in long term insurance  Level 4  NQF Level 04 
    Elective  10393  Demonstrate knowledge and understanding of the Primary legislation that impacts on retirement funds  Level 4  NQF Level 04 
    Elective  14988  Demonstrate knowledge and understanding of the risks involved in the manufacture, use, handling and storage of dangerous and hazardous substances  Level 4  NQF Level 04 
    Elective  14317  Demonstrate knowledge and understanding of the sales process in Long Term Insurance  Level 4  NQF Level 04 
    Elective  10379  Demonstrate knowledge and understanding of the sales process in short term insurance  Level 4  NQF Level 04 
    Elective  10381  Demonstrate knowledge and understanding of the Value Added Tax Act, 89 of 1991as amended as it applies to insurance policies  Level 4  NQF Level 04 
    Elective  113903  Demonstrate skills and techniques required to build a relationship with a client in a financial services environment  Level 4  NQF Level 04 
    Elective  113910  Describe disability insurance solutions in the context of financial planning  Level 4  NQF Level 04 
    Elective  10372  Describe financial interactions of insurers and intermediaries in short term insurance  Level 4  NQF Level 04 
    Elective  10395  Describe group insured benefits  Level 4  NQF Level 04 
    Elective  12318  Describe managed care as it is applied in Health Benefits Administration in South Africa  Level 4  NQF Level 04 
    Elective  12321  Describe the control of fraud in Healthcare Benefits Administration  Level 4  NQF Level 04 
    Elective  14318  Describe the control of fraud in Long Term Insurance  Level 4  NQF Level 04 
    Elective  113931  Describe the main aspects of pre and post retirement planning  Level 4  NQF Level 04 
    Elective  113906  Explain Capital Markets as fixed interest bearing instruments  Level 4  NQF Level 04 
    Elective  113905  Explain Equity Markets  Level 4  NQF Level 04 
    Elective  14987  Explain fidelity insurance as a means of managing people related financial risk  Level 4  NQF Level 04 
    Elective  113923  Explain fiduciary responsibilities and the associated risks  Level 4  NQF Level 04 
    Elective  113908  Explain money markets as fixed interest bearing instruments  Level 4  NQF Level 04 
    Elective  113926  Explain options for healthcare in order to make an informed decision  Level 4  NQF Level 04 
    Elective  113917  Explain the basic principles of asset management that apply to financial markets and insurance  Level 4  NQF Level 04 
    Elective  12314  Explain the concept of coding as used in Healthcare Benefits Administration  Level 4  NQF Level 04 
    Elective  113932  Explain the Medicines and Related Substances Control Amendment Act, 59 of 2003, as it impacts on medical schemes  Level 4  NQF Level 04 
    Elective  113919  Explain the options available for post retirement healthcare funding  Level 4  NQF Level 04 
    Elective  12183  Indicate how different needs lead to the development of different investment products  Level 4  NQF Level 04 
    Elective  113913  Investigate dread disease products and their place in wealth management  Level 4  NQF Level 04 
    Elective  113920  Investigate possible funding options for investors exiting a group retirement fund  Level 4  NQF Level 04 
    Elective  10386  Investigate the possibilities of establishing and running a small business enterprise (SMME)  Level 4  NQF Level 04 
    Elective  12325  Research the Healthcare Benefits Administrator sub-sector in South Africa  Level 4  NQF Level 04 
    Elective  15011  Underwrite a credit risk  Level 4  NQF Level 04 


    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
    When qualifications are replaced, some of their learning programmes are moved to being recorded against the replacement qualifications. If a learning programme appears to be missing from here, please check the replacement.
     
    NONE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. African Resources & Financial Training (Pty) Ltd 
    2. ALCARI 233 CC T/A ALCARI (Eversdal)(TP) 
    3. Boston School Of Finance 
    4. Discovery Life Ltd 
    5. Faisit (Pty) Ltd 
    6. Indwe Risk Services (Pty) Ltd 
    7. Masifunde Training Centre (Pty) Ltd 
    8. Ray Strodl Consulting (Pty) Ltd 
    9. Workers Academy of Insurance 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.