NQF Level 4 | NLRD ID: 57917
Who will benefit from the programme?
The FETC: Wealth Management is a generic Qualification in the management and creation of wealth that builds the introductory knowledge, skills, attitudes and values required for learners to operate ethically and responsibly as Intermediaries and Administrators, and to respond to the challenges of the economic environment and the changing nature of the highly regulated Financial Services Industry. It is designed to meet the needs of learners in a variety of positions including Trustees and Principal officers of retirement funds and medical schemes and Trainee Financial Planners.
The Curriculum is aligned to the Further Education & Training Certificate: Wealth Management NQF Level 4 with a total credit value of 140 credits. The programme consists of Fundamentals 68 credits, core—58 credits and electives—14 credits which may vary based on the individual or company’s needs
The minimum entry requirements for admission are:
Competent in Communication at NQF Level 3
Competent in Mathematical Literacy at NQF Level 3
Articulation: Vertical articulation to National Certificate in Short Term Insurance or Wealth Management at NQF Level 5
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
- Learners who require licensing in Long Term Category A, generally intermediaries who sell assistance policies including funeral policies in terms of the current Determination of Fit and Proper Requirements for Financial Services Providers.
- Learners who require licensing in Long Term Category B, generally intermediaries selling risk policies (death, disability and health events) and guaranteed investment/savings, recurring policies and annuities other than single premium annuities and excluding products marketed as investment or savings policies in terms of the current Determination of Fit and Proper Requirements for Financial Services Providers.
- Intermediaries who run their own financial planning practices and who offer advice on Short Term Personal Lines and Business Insurance and who also advise on Long Term Categories A and/or B in terms of the current of Determination of Fit and Proper Requirements for Financial Services Providers.
- Trustees and Principal Officers of Retirement Funds or Medical Schemes.
- Learners who have a School-Leaving Certificate and are entering the Insurance and Investment Industry for the first time.
- Learners in administrative positions and sales in Collective Investment Scheme Managers and Medical Schemes who do not provide advice
- Broker Consultants and learners in Call Centres who give advice on Long Term Category A and/or B products in terms of the current of
Determination of Fit and Proper Requirements for Financial Services Providers.
- Administrators in financial services organisations.
- Trainee Financial Planners who seek registration with the Financial Planning Institute.