SAQA 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.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Research information in order to assist in conducting a financial risk assessment 
SAQA US ID UNIT STANDARD TITLE
242554  Research information in order to assist in conducting a financial risk assessment 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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 unit standard replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
14526  Research information in order to assist in conducting a financial risk assessment  Level 5  Level TBA: Pre-2009 was L5  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners who are required to do wide research of background information to support a financial recommendation or decision. The learner is not necessarily required to make a financial decision or recommendation based on the research. It will be useful for Intermediaries, Researchers in Financial Organisations, Actuaries, Underwriters, Technical Specialists and Experts in the Financial Services Sector, learners in Medical Schemes and Retirement Funds who do research and Development, Product Development, Retirement Consultants, Financial Planners, Bankers, Risk Assessors, Broker Consultants and learners in Managed Care Organisations and Retirement Fund Administrators.

The qualifying learner is capable of:
  • Analysing the research required to conduct a financial risk assessment.
  • Conducting an information search to answer questions raised by a brief.
  • Selecting information in order to produce a research report.
  • Organising and presenting the findings of the research. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 4. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Long- Term insurance, Collective Investments, Retirement Funds, Provident Funds, Short Term Insurance and Medical Schemes.
  • Intellectual property rights include copyright and plagiarism. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse the research required to conduct a financial risk assessment. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A brief is analysed to determine the purpose, parameters and main themes of the required research. 

    ASSESSMENT CRITERION 2 
    An outline of the proposed research is presented and checked against the brief. 

    SPECIFIC OUTCOME 2 
    Conduct an information search to answer questions raised by a brief. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Potential sources of information are identified for each of the main themes of the research. 

    ASSESSMENT CRITERION 2 
    Sources are assessed for objectivity, credibility and reliability. 

    ASSESSMENT CRITERION 3 
    Relevant information is extracted from verified sources and assessed for relevance in terms of the key components of the research. 

    SPECIFIC OUTCOME 3 
    Select information in order to produce a research report. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Information from different sources is evaluated and compared with due regard for different points of view. 

    ASSESSMENT CRITERION 2 
    The salient and relevant information is selected for inclusion in a research presentation. 

    SPECIFIC OUTCOME 4 
    Organise and present the findings of the research. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The findings of the research are organised in a logical and user friendly manner and presented in an appropriate format. 

    ASSESSMENT CRITERION 2 
    The final presentation is checked against the brief. 

    ASSESSMENT CRITERION 3 
    Sources are acknowledged and references with due regard for intellectual property rights. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made in determining the main themes and key components in the brief. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage him/herself and his/her activities responsibly and effectively in planning and conducting the research in a time and cost efficient manner. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information required by the brief. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate in researching relevant information and presenting the findings of research. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively and critically in sourcing information from electronic and other sources. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation in identifying different points of view. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard replaces unit standard 14526, " Research information in order to assist in conducting a financial risk assessment ", Level 5, 7 credits.

    Search words:
  • Research, financial risk assessment, risk analysis. 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  57918   National Certificate: Short Term Insurance  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  INSETA 
    Core  66611   National Certificate: Wealth Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    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. AFRICAN UNION SKILLS DEVELOPMENT PTY LTD 
    3. ALCARI 233 CC T/A ALCARI (Eversdal)(TP) 
    4. Boland Public FET College - Central Office 
    5. CKP Development Agency (Pty) Ltd. 
    6. COLLEGE OF CAPE TOWN 
    7. College of Cape Town - Central Office 
    8. False Bay College 
    9. Intec College 
    10. Invuya Institute of Learning (Pty) Ltd 
    11. Masifunde Training Centre (Pty) Ltd 
    12. North Link College 
    13. Old Mutual Life Assurance Company South Africa 
    14. Ray Strodl Consulting (Pty) Ltd 
    15. Ripple Effect 4 (Pty) Ltd 
    16. Sanlam Life Insurance Ltd 
    17. Sanlam Life Insurance Ltd. 
    18. South Cape College 
    19. South Cape Public FET College - Central Office 
    20. The Institute of Health Risk Managers (Pty) Ltd 
    21. Umfolozi FET College - Central Office 
    22. Universal Healthcare Services (Pty) Ltd 



    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.