FAIS Fit and Proper 20 September 2007
Implementation of the project The INSETA FAIS Fit and Proper Project will be implemented in two phases: Phase 1: National Assessment in November 2007 Phase 2: Curriculum, Learning Material, RPL Tools and National Assessment
National Assessments The first National Assessment will “follow” a similar format and process as that done in 2004 The various “papers” will cover unit standards not covered in 2004
Unit Standards – written in 2004 Long Term A (category 1) [minimum 60 credits] Long Term B [minimum 60 credits] Long Term C [minimum 60 credits] Short Term Personal [minimum 30 credits] Short Term Commercial [minimum 60 credits] Pension Fund Benefits [minimum 60 credits] Retail Fund Benefits [minimum 60 credits] Collective Investments [minimum 60 credits] Health Benefits [minimum 60 credits] Friendly Societies [minimum 30 credits]
Assessments The questions will be designed in the form of case studies with a multiple choice selection The content of the case studies will assess – in a rigorous and responsible way – knowledge, cognitive skills, analytical skills, logical thought, etc. The educational integrity will underpin the design of the assessments
INSETA’s Learning Provider partner Imfundo Craig Duff, CEO Ronél Burger, Managing Director Presentation of the Assessments in November