WELCOME INSETA FIT PROPER PROJECT

WELCOME

INSETA FIT & PROPER PROJECT

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

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

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

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

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

INTEC’S SUPPORT PROCESS ØYou register for an appropriate Skills Programme (0860 10 40 14) ØINTEC checks which Unit Standards are already obtained. ØLoad info onto INTEC system ØDispatch learning material

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

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

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

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

RESULTS • 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

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 R 250. 00 subsidy per Advisor Limited Funds – First Come, First Served INTEC negotiates group discounts

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

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

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

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

The National Qualifications Framework NQF 8+ Qualification 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 workbased 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 10 Qualification 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 Knowledge, skills and attitudes that are the foundation for all learning at the level of the qualification. Core Specific knowledge, skills and attitudes that are compulsory in a particular qualification. Elective Selected additional credits not always specified in the rules of combination.

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.

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 Fundamental Core Elective Minimum Certificate in… 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. Self organisation. Communication and numeracy. The Critical Cross Field Outcomes Understanding relationships, implications and consequences.

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

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

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

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.

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

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

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? )

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 ? .

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 Exit: National Certificate in …: NQF Level ?

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

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

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

Simplified version of the qualifications path 3 Generic Industry FSM (2003) Qualifications (Team leaders) NC in Insurance (2001) replaced by NC in Financial Services (2004) (Also Replaces L 4 CI for admin people in CI managers) 2 Generic Industry Qualifications NC in Insurance Administration (2000) replaced by NC in Financial Services (2004) 1 2 Unit Standards: Members- Retirement Funds and Medical Schemes