NQF Level 5 | NLRD ID: 57608
Who will benefit from the programme?
This Qualification in Wealth Management provides a framework for learners to develop competencies related to the Long Term Insurance Sub-Sector, which includes Life Benefits, Retirement Funds and Medical Scheme Administration, as well as the Collective Investment Sub-Sector, Wealth Creation and Wealth Management. It provides a balanced learning experience and an opportunity for learners to apply academic skills in relation to the workplace. The Qualification is structured in such a way that it exposes learners to generic competencies required in the Financial Services Sector at Level 5 and allows for specialization to meet the needs of different work roles. Acquire knowledge, skill, attitudes and values required to operate ethically and responsibly in the highly regulated Financial Services environment and to respond to the challenges posed by the changing nature of the Financial Services Industry. It should add value to the qualifying learner in terms of enrichment of the person, status and recognition both in South Africa and Internationally.
The Curriculum is aligned to the National Certificate in Wealth Management 57608 with a total credit value of 120 credits. The programme consists of Fundamentals—39 credits, core—40 credits and electives—41 credits which may vary based on the individual or company’s needs and is available in 30 credit skill blocks. The programme is presented by way of lectures, group discussions, case studies and role plays at NQF Level 5. Vary based on the individual or company’s needs and is available in 30 credit skill blocks. The programme is presented by way of lectures, group discussions, case studies and role plays at NQF Level 5.
The minimum entry requirements for admission are:
- Learners should have at least a NQF Level 4 Qualification. It is preferable that the learners should first complete one of the Long Term Insurance or Wealth Management Qualifications at NQF Level 4 before accessing this Qualification.
Articulation: As this is a NQF Level 5 Qualification it should provide learner with access to any relevant Qualification at Level 6.
To complete the programme successfully, and be awarded a certificate, learners must be found competent in all aspects of the summative assessment according to requirements listed in the relevant student handbook.
Assessment of Participants
Assessment is both formative and summative and includes:
- Individual and group exercises and tasks
- Closed book assessments
The Qualification has relevance for learners in Retirement Funds and Medical Schemes, Intermediaries including, but not limited to, Financial Advisors, Personal Financial Planners, Financial Services Call Centre Agents, Client Service Providers, Brokers, Broker Consultants, Retirement Fund Consultants, Retirement Fund Administrators, Trust Fund Officers, Product Developers, Consultants who advise on product structure of Retirement Funds, Principal Officers, Trustees, Medical Scheme Consultants, Senior Administrators, Retail Managers who support Advisors and have a back office function, Collective Investment Scheme Managers, Account Executives and Compliance Officers.
- Interpreting current affairs and their influence on insurance.
- Managing personal finances and risk in a work environment.
- Understanding the nature and scope of Short Term Insurance.
- Understanding the nature and scope of Long Term Insurance.
- Applying knowledge of legislation, ethics and compliance in a wealth management environment.
- Applying skills of customer care to build a professional relationship with a client.