WELCOME

INSETA FIT & PROPER PROJECT

Glen Edwards : ETQA Manager

Dr. Des Leatt : FAIS Consultant

Sheana Campbell : Office Support

FAIS CPD Executive Committee

INSETA PROJECT TEAM

PHASE ONE

Awareness Campaign

Qualifications Equivalence Matrix(www.inseta.org.za)

RPL Assessments- enabled 20 000 Financial Advisors to get licensed

INSETA FAIS PROJECT

FSB Licensing Requirements

Depending on Sub-category of business

• Either 30 Credits by September 2006

• Or 60 Credits by September 2007

REMAINING COMPLIANT

Use an INSETA-accredited learning provider

(INSETA Website : www.inseta.org.za )

INSETA’S APPOINTED PROVIDER

OBTAINING THE CREDITS

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)

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

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

• Analysis of ongoing progress

• Assists Learner to fill the gaps

• CRM phones to remind you when Formative Assessment is due

FORMATIVE ASSESSMENT

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

FACILITATION AND SUMMATIVE

ASSESSMENT1. Learner attends facilitation session2. CRM checks progress, and agrees date and

venue for summative (final) assessment3. Learner attends Summative Assessment

Dates Available• June 2005• November 2005• April 2006• August 2006

• 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

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

SUBSIDIES AND DISCOUNTS

INSETA R250.00 subsidy per Advisor

Limited Funds – First Come, First Served

INTEC negotiates group discounts

Therefore : 60 CREDITS = 600 HOURS

DON’T wait till the last minute…….

ENROL NOW0860 10 40 14

EACH CREDIT IS EQUIVALENT TO 10 HOURS

OF LEARNING

GET INVOLVED IN CONTINUOUS PROFESSIONAL DEVELOPMENT

ENROL AT0860 10 40 14

Continuing Professional

Development (CPD)

Work related

Skills Programmes

Qualifications

Job or organisation requirement.

Licensing and registration.

Who owns the career path?

• Organisation?

• Individual Learner?

• FSB?

• Professional Body?

The National Qualifications Framework

NQF Qualification

8+ All doctorates.

8 Masters degrees

7 Honours degrees, B. Tech, some professional, post graduate and work-based qualifications.

6 First degrees, some professional, postgraduate and work-based qualifications.

5 Undergrad. diplomas/certificates, work-based qualifications

4 National certificates (FETC)

3 National certificates

2 National certificates

1 National certificate (GETC)ABET level 4, school grade 9

ABET level 3 Grade 7

ABET level 2 Grade 5

ABET level 1 Grade 3

Proposed New NQF

NQF

Qualification

10 All doctorates.

9 Masters degrees

8 Honours degrees, B. Tech, some professional, post graduate and work-based qualifications.

7 First degrees, some professional, postgraduate and work-based qualifications.

6 Undergrad. diplomas/certificates, work-based qualifications????

5 Undergrad. diplomas/certificates, work-based qualifications????

4 National certificates (FETC)

3 National certificates

2 National certificates

1 National certificate (GETC) ABET level 4, school grade 9

ABET level 3 Grade 7

ABET level 2 Grade 5

ABET level 1 Grade 3

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

A planned combination of learning outcomes with a defined purpose that:

2. Promotes lifelong learning.

3. Is nationally and internationally comparable.

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.

The credits are divided into 3 categories of learning

Fundamental Core Elective

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.

LearnerInterestLicensing/registration requirementsPersonal empowerment…

Employer and employeeAppraisal: Performance development plan.Requirement of the jobWorkplace skills planCompany visionNeed to know and be able to do.Licensing/registration requirements.Part of EAP programme.

Level

National Certificate

in…

Fundamental

Core

Elective

Minimum

credits

5 Wealth Management

41 62 17 120

4 Wealth Management

66 52 22 140

4 Short Term Insurance

66 48 26 140

4 Risk Management

66 59 15 140

2 Financial Services

46 60 14 120

Level

National Certificate

in…

Fundamental

Core

Elective

Minimum

credits

Qualification awaiting registration:Submitted to SAQA November 2004.

4 FETC: Long Term Insurance

68 52 20 140

Proposed Qualification to be submitted to SAQA in February 2005

4 FETC: Retail Insurance

68 59 11 140

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?

Problem solving and decision making.

Team work.

Communication and numeracy.

Self organisation.

Understanding relationships, implications and consequences.

The Critical Cross Field Outcomes

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

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

Short Learning Programmes

Credit bearing

Short courses aligned to unit standards

Credits in a qualification (Skills Programmesincluded in WSP)

Short Learning Programmes

Non-credit bearing

SeminarsOne-day workshopsProgrammes (less than 10 hours and no credits)Programmes where less than one unit standard can be awarded.Continuing professional developmentRefresher programmesProduct/equipment specific training.

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.

Short coursesLearner 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.

Skills ProgrammesLearner or employer chooses.

Work specific.

Focus on income generation.Included in Workplace skills Plan

Explain personal/domestic 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?)

LearnershipComponents 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

U.S. and on job experience

U.S. and on job experience

U.S. and on job experience

Exit Learnership: Qualification NQF level 1 to ?.

Qualification Rules of combination apply.

Fundamental, Core and Electives.

Communication

Mathematical Literacy.

Unit standards classified as Core for the National Certificate in …

Unit standard

Unit standard

Unit standard

Unit standard

Unit standard

Exit: National Certificate in …: NQF Level ?

The relationship between the title, specific outcomes and assessment criteria:

TitleIndicates the content of the unit

standard.Not a task or work procedureNot steps in a process

The relationship between the title, specific outcomes and assessment criteria:

Outcomes are

competence outcomes

Not tasks or procedures Not steps in a process

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.

Simplified versionof the qualifications path

7 OVS:Certified Financial Planner (FPI approved)

Higher Certificates and Diplomas offered at Higher Education Institutions.

6 D WMNeeded for FAIS

Fundamentals registered (2003)

5 National Certificate in WM

C: LTRAD: LTRA

Fundamentals registered (2003)

4 WM (2003)

Replaces CI from 2005

LT (2001

)FETC:

LT(2004

)

LTRA (2001

)FETC:LTRA(2004

)

FETC:MCA

(2004) replac

esHBA:

Claims (2001)

ST (2002

)

RM (2003

)

RI FSM (2003)(Supervisors

)

Simplified versionof the qualifications path

Simplified versionof the qualifications path

3 Generic Industry QualificationsNC in Insurance (2001) replaced by NC in Financial Services (2004) (Also Replaces L4 CI for admin people in CI managers)

FSM (2003)(Team leaders)

2 Generic Industry QualificationsNC in Insurance Administration (2000) replaced by NC in Financial Services (2004)

1 2 Unit Standards: Members- Retirement Funds and Medical Schemes