1. WELCOME

2. INSETA FIT & PROPER PROJECT

3. Glen Edwards:ETQA Manager Dr. Des Leatt:FAIS Consultant Sheana Campbell:Office Support FAIS CPD Executive Committee INSETA PROJECT TEAM

4. PHASE ONE  Awareness Campaign  Qualifications Equivalence Matrix (www.inseta.org.za)  RPL Assessments -enabled 20 000 Financial Advisors to get licensed INSETA FAIS PROJECT

5. FSB Licensing Requirements Depending on Sub-category of business Either 30 Credits by September 2006 Or 60 Credits by September 2007 REMAINING COMPLIANT

6. Use an INSETA-accredited learning provider (INSETA Website : www.inseta.org.za )www.inseta.org.za INSETA’S APPOINTED PROVIDER OBTAINING THE CREDITS

7. What do you get from INTEC ? Full support during the process Administration taken off your hands Corporates get monthly reports Summative assessments for each Unit Standard in every Skills Programme CONTINUOUS PROFESIONAL DEVELOPMENT (CPD)

8. INTEC’S SUPPORT PROCESS  You register for an appropriate Skills Programme (0860 10 40 14)  INTEC checks which Unit Standards are already obtained.  Load info onto INTEC system  Dispatch learning material

9. ONGOING SUPPORT  Tele-tutor available throughout the programme  Customer Relations Manager (CRM) controls procedures  CRM Guidance  Did you receive material ?  Is it correct ?  What to do next ?  Advise assignment submission date

10. Analysis of ongoing progress Assists Learner to fill the gaps CRM phones to remind you when Formative Assessment is due FORMATIVE ASSESSMENT

11. ASSESSMENT AND FACILITATION  INTEC assesses assignments (formative)  CRM advises Learner whether competent  If not yet competent, Learner can resubmit assignment  CRM advises date and venue for facilitation session

12. FACILITATION AND SUMMATIVE ASSESSMENT 1.Learner attends facilitation session 2.CRM checks progress, and agrees date and venue for summative (final) assessment 3.Learner attends Summative Assessment Dates Available June 2005 November 2005 April 2006 August 2006

13. CRM advises whether competent Results loaded on INTEC system Results forwarded to INSETA and National Learner Record Database (NLRD) Learner receives Statement of Credits INTEC developing RPL instruments RESULTS

14. ENROLMENT ALTERNATIVES Enrol for Skills Programmes of about 10 credits each Enrol for a number of Skills Programmes (e.g. 60 Credits) Enrol for a full qualification

15. SUBSIDIES AND DISCOUNTS INSETA R250.00 subsidy per Advisor Limited Funds – First Come, First Served INTEC negotiates group discounts

16. Therefore : 60 CREDITS = 600 HOURS DON’T wait till the last minute……. ENROL NOW 0860 10 40 14 EACH CREDIT IS EQUIVALENT TO 10 HOURS OF LEARNING

18. GET INVOLVED IN CONTINUOUS PROFESSIONAL DEVELOPMENT ENROL AT 0860 10 40 14

19. Continuing Professional Development (CPD) Work related Skills Programmes Qualifications Job or organisation requirement. Licensing and registration.

20. Who owns the career path? Organisation? Individual Learner? FSB? Professional Body?

21. The National Qualifications Framework NQFQualification 8+All doctorates. 8Masters degrees 7Honours degrees, B. Tech, some professional, post graduate and work-based qualifications. 6First degrees, some professional, postgraduate and work- based qualifications. 5Undergrad. diplomas/certificates, work-based qualifications 4National certificates (FETC) 3National certificates 2 1National certificate (GETC) ABET level 4, school grade 9 ABET level 3Grade 7 ABET level 2Grade 5 ABET level 1Grade 3

22. Proposed New NQF NQFQualification 10All doctorates. 9Masters degrees 8Honours degrees, B. Tech, some professional, post graduate and work-based qualifications. 7First degrees, some professional, postgraduate and work-based qualifications. 6Undergrad. diplomas/certificates, work-based qualifications???? 5 4National certificates (FETC) 3National certificates 2 1National certificate (GETC) ABET level 4, school grade 9 ABET level 3Grade 7 ABET level 2Grade 5 ABET level 1Grade 3

23. A planned combination of learning outcomes with a defined purpose that: 1.Enriches the learner Status Recognition Licensing/registration Access to further learning Marketability Employability Benefit society and the economy

24. A planned combination of learning outcomes with a defined purpose that: 2.Promotes lifelong learning. 3.Is nationally and internationally comparable.

25.  Are awarded when the learner has accumulated the correct number of credits in the required combination.  120 credits are needed for a National Certificate (140 credits at Level 4)  240 credits are needed for a National Diploma.

26.  The credits are divided into 3 categories of learning FundamentalCoreElective Knowledge, skills and attitudes that are the foundation for all learning at the level of the qualification. Specific knowledge, skills and attitudes that are compulsory in a particular qualification. Selected additional credits not always specified in the rules of combination.

27. Learner  Interest  Licensing/registration requirements  Personal empowerment … Employer and employee  Appraisal: Performance development plan.  Requirement of the job  Workplace skills plan  Company vision  Need to know and be able to do.  Licensing/registration requirements.  Part of EAP programme.

28. LevelNational Certificate in… FundamentalCoreElectiveMinimum credits 5Wealth Management 416217120 4Wealth Management 665222140 4Short Term Insurance 664826140 4Risk Management 665915140 2Financial Services 466014120

29. LevelNational Certificate in… FundamentalCoreElectiveMinimum credits Qualification awaiting registration: Submitted to SAQA November 2004. 4FETC: Long Term Insurance 685220140 Proposed Qualification to be submitted to SAQA in February 2005 4FETC: Retail Insurance 685911140

30. Qualifications and Unit Standards are developed in response to the questions : What does the learner need to know? What should the learner be able to do?

31. Problem solving and decision making. Team work. Communication and numeracy. Self organisation. Understanding relationships, implications and consequences. The Critical Cross Field Outcomes

32. Reflection and learning strategies. Responsible citizenship. Culturally and aesthetic sensitivity. Education and career opportunities.

33. 1 credit is 10 hours of notional time.  Registered statements of desired training outcomes and their associated assessment criteria. Short programmes/Skills Programmes  Building blocks of National qualifications

34. Short Learning Programmes Credit bearing Short courses aligned to unit standards Credits in a qualification (Skills Programmes included in WSP)

35. Short Learning Programmes Non-credit bearing  Seminars  One-day workshops  Programmes (less than 10 hours and no credits)  Programmes where less than one unit standard can be awarded.  Continuing professional development  Refresher programmes  Product/equipment specific training.

36. Short Learning Programmes For credit Not for credit Dual purpose programmes The learner chooses whether to be assessed based on the purpose of the programme.

37. Short courses Learner or employer chooses. Work specific or Personal Development. May be included in Workplace skills Plan or part of EAP. Apply knowledge of self and own situation to manage risks resulting from change in the workplace Short Course 1 Explain the manager’s role in identifying and referring vulnerable or at risk employees Develop a strategy to manage compromised employee wellbeing. Short Course 2 Exit (no qualification) Registration on NLRD if the learner elects o be assessed.

38. Skills Programmes Learner or employer chooses. Work specific. Focus on income generation. Included in Workplace skills Plan Explain personal/domesti c insurance in South Africa. Process a short term personal/domestic claim. Underwrite a standard jeopardy in short term domestic insurance. Exit (no qualification) Registration on NLRD (Grant?)

39. Learnership Components predetermined in line with rules of combination for Qualification Work skills and general education. Focus on work and lifelong learning. Communication Mathematical Literacy. Unit standards classified as core for The National Certificate in …. U.S. and on job experience Exit Learnership: Qualification NQF level 1 to ?.

40. Qualification Rules of combination apply. Fundamental, Core and Electives. Communication Mathematical Literacy. Unit standards classified as Core for the National Certificate in … Unit standard Exit: National Certificate in …: NQF Level ?

41. The relationship between the title, specific outcomes and assessment criteria: Title Indicates the content of the unit standard. Not a task or work procedure Not steps in a process

42. The relationship between the title, specific outcomes and assessment criteria: Outcomes are competence outcomes Not tasks or procedures Not steps in a process

43. The relationship between the title, specific outcomes and assessment criteria: Assessment criteria Assess whether the learner knows and can demonstrate the competence specified in the outcome and are attributable to one person.

44. Simplified version of the qualifications path 7OVS: Certified Financial Planner (FPI approved) Higher Certificates and Diplomas offered at Higher Education Institutions. 6D WM Needed for FAIS Fundamentals registered (2003) 5National Certificate in WM C: LTRA D: LTRA Fundamentals registered (2003)

45. 4 WM (2003) Replaces CI from 2005 LT (2001) FETC: LT (2004) LTRA (2001) FETC: LTRA (2004) FETC: MCA (2004) replace s HBA: Claims (2001) ST (2002) RM (2003) RIFSM (2003) (Supervisors) Simplified version of the qualifications path

46. Simplified version of the qualifications path 3Generic Industry Qualifications NC in Insurance (2001) replaced by NC in Financial Services (2004) (Also Replaces L4 CI for admin people in CI managers) FSM (2003) (Team leaders) 2Generic Industry Qualifications NC in Insurance Administration (2000) replaced by NC in Financial Services (2004) 1 2 Unit Standards: Members- Retirement Funds and Medical Schemes