SAQA 57608:

National Certificate Wealth Management, Level 5

NQF Level 5 | NLRD ID: 57608

Who will benefit from the programme?

This qualification 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 equips learners with skills to apply in the workplace. The qualification speaks to the generic competencies required in the Financial Services Sector at Level 5 and allows for specialisation to meet the needs of different work roles. Learners will acquire knowledge, skills, 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 industry. Learners who successfully complete this qualification benefit in terms of status and recognition, both in South Africa and abroad.

Programme Structure

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). This may vary based on the individual or company’s needs, and is available in 30 credit skill blocks. The programme is presented via lectures, group discussions, case studies and role-plays at NQF Level 5.

Admission Requirements

The minimum entry requirements for admission are:

Articulation: As an NQF Level 5 qualification, this provides learners 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 is both formative and summative and includes:

Occupational Group

This qualification is relevant to individuals 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 serve a back-office function, Collective Investment Scheme Managers, Account Executives and Compliance Officers.

Learning Outcomes