LEARNERSHIP TITLE: WEALTH MANAGEMENT-LEVEL 5




LearnershipCode:13Q130044781205




1.   Information pertaining to the SE...
Annexure A
                                                                                   Page 2 of 18


2.   Learners...
Annexure A
                                                                          Page 3 of 18



2.4      NQF level: 5...
Annexure A
                                                                             Page 4 of 18


•   Discuss current...
Annexure A
                                                                              Page 5 of 18


•   Adapt and verb...
Annexure A
                                                                               Page 6 of 18


•      Analyse an...
Annexure A
                                                                                      Page 7 of 18


   3 Quali...
Annexure A
                                                           Page 8 of 18


Apply scenario planning to 242580    ...
Annexure A
                                                     Page 9 of 18


Demonstrate knowledge    242609        5   ...
Annexure A
                                                       Page 10 of 18


Evaluate the effectiveness 242596       ...
Annexure A
                                                       Page 11 of 18


Conduct an in depth            242575   ...
Annexure A
                                                       Page 12 of 18


Apply the regulations for      117129   ...
Annexure A
                                                      Page 13 of 18


Apply knowledge of          242589     6 ...
Annexure A
                                                                             Page 14 of 18


                  ...
Annexure A
                                                                                 Page 15 of 18



Where appropr...
Annexure A
                                                                                      Page 16 of 18


1.   Gath...
Annexure A
                                                                                  Page 17 of 18


2. Apply know...
Annexure A
                                                                               Page 18 of 18


              W...
Upcoming SlideShare
Loading in …5
×

Wealth Management

1,271
-1

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
1,271
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
18
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Wealth Management

  1. 1. LEARNERSHIP TITLE: WEALTH MANAGEMENT-LEVEL 5 LearnershipCode:13Q130044781205 1. Information pertaining to the SETA 1.1 Name of SETA: INSETA 1.2 Name of Chamber (if applicable): N/A 1.3 Name of SETA official responsible for learnerships: Mr Aubrey Maseko 1.4 SETA’s telephone number: 011 544 2000 1.5 SETA’s fax number: 011 484 0862 1.6 SETA’s postal address: P.O.Box 32035, Braamfontein, 2017 1.7 SETA’s e mail address: AubreyM@inseta.org.za
  2. 2. Annexure A Page 2 of 18 2. Learnership information 2.1 Title of the Learnership Qualification: National Certificate: Financial Services: Wealth Management Title of the Learnership: Wealth Management Level 5 (For Financial Planning, Retirement Funds, Medical Schemes, Collective Investments and Long Term Insurance). The Qualification this learnership leads to, the National Certificate: Wealth Management: NQF Level 5, ID 57608, 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 Mangers who support Advisors and have a back office function, Collective Investment Scheme Managers, Account Executives and Compliance Officers. The National Certificate: Wealth Management: NQF Level 5 is intended for learners who: • Need a level 5 qualification for licensing in Long-Term Category C under the Financial Advisory and Intermediary Services Act (FAIS). These may be intermediaries in Long-Term Insurance, Retirement Funds or Medical Schemes who do not give investment advice. • Need a level 5 qualification for licensing in Category 1 (non-discretionary) under the Financial Advisory and Intermediary Services Act (FAIS). These advisors advise clients on existing collective investment scheme portfolios or financial products. It does not qualify learners to construct investments. Note that Learners requiring Category II licensing (discretionary financial service providers) require a Level 6 qualification. • Wish to acquire the basic knowledge and competencies required for international recognition as a Personal Financial Planner and who intend to apply for a voluntary competency assessment to qualify for the international ISO 22222:2005 and SANS 22222:2006 Personal Financial Planning standards. • Have attained a Level 4 Insurance and Investment Qualification and wish to progress to the next level. have achieved a B. Comm. Degree and require a post graduate qualification with a specialisation in Retirement Funds, Long-Term Insurance, Financial Planning, Collective Investments or Medical Schemes. 2.2 NQF field: NSB 03 2.3 NQF sub-field: Finance, Economics and Accounting
  3. 3. Annexure A Page 3 of 18 2.4 NQF level: 5 2.5 Number of credits to be earned: 120 A minimum of 120 credits - 1200 notional hours - are required to complete the Qualification which is made up of the following components: • Fundamental: 39 credits • Core: 40 credits • Electives: 41 credits In every Learnership situation within the insurance & investment sector there is an agreement signed between the learner, the training provider and the lead employer binding the learner to a specific, consistent and stable working environment for the duration of the Learnership. Employers and training providers should use their discretion and be alert to situations where learners • can be recognised for prior learning, • can be fast tracked, or • should be permitted additional time working on a task. Mentored on-job training Based on the whole qualification: National Certificate: Wealth Management NQF Level 5, registered on 16 November 2006 – ID 57608 This learnership entails 71% of the 1200 notional hours being spent in workplace experience and 29% in theoretical input via a training provider. Therefore learners are required to complete a minimum of 850 hours mentored practical work experience. The remaining 350 hours being spent on the theoretical component. The work experience programme based on fundamental, core and selected elective unit standards should total 850 hours (71%). It should assess the application of knowledge from the structured learning components in the learner’s own work situation. Assessment Criteria for Mentored on the Job Experience: See section 4 below. For fuller details see the qualification document for Exit Level Outcomes at qualification level, their associated assessment criteria, related unit standards and integrated assessment requirements. Core and Fundamental Unit Standards: For 71% of the 79 Credits, which are compulsory. Elective unit standards: For 71 % of a minimum of 41 credits from a selection of unit standards, which may be chosen for the various areas of specialisation. For Example: It is recommended that Learners who specialise in Collective Investments should include Unit Standards from the following cluster as electives: Title: Level: Credits: ID: • Apply technical knowledge and insight into the sales and marketing of participatory interest in collective investment schemes portfolios: Level 5: 4 Credits: 242560.
  4. 4. Annexure A Page 4 of 18 • Discuss current trends in investment portfolio management: Level 6: 4 Credits: 242606. Demonstrate knowledge and understanding of the establishment and maintenance of a domestic collective investment portfolio: Level 5: 6 Credits: 242609. • Apply technical knowledge and insight into the management of collective investment portfolios: Level 5: 3 Credits: 242607. • Apply technical knowledge and skill to explain how collective investment scheme portfolios are classified: Level 5: 2 Credits: 242612. • Analyse and interpret qualitative and quantitative data from relevant reports in order to make a recommendation or inform a decision for an entity: Level 5: 5 Credits: 242559. • Apply knowledge and insight to advise on the composition of a financial portfolio: Level 6: 6 Credits: 242619. • Analyse the role of international investment in wealth management: Level 5: 6 Credits: 242563. It is recommended that Learners who specialise in Retirement Funds should include Unit Standards from the following cluster as electives: Title: Level: Credits: ID: • Analyse the financials of a retirement fund in order to ensure governance: Level 5: 2 Credits: New standard. • Apply technical knowledge and skill to advise on retirement planning needs for an individual: Level 5: 3 Credits: New standard. • Develop a set of rules that meet the needs of a retirement fund client and are compliant: Level 5: 2 Credits: 242611. • Evaluate the effectiveness of the administration function of a retirement fund in order to make an informed decision: Level 5: 5 Credits: 242596. • Analyse and interpret qualitative and quantitative data from relevant reports in order to make a recommendation or inform a decision for an entity. Level 5: 5 Credits: 242559. • Apply technical knowledge and insight to manage risks inherent in a group scheme: Level 5: 8 Credits: 119998. It is recommended that Financial Planners and Intermediaries should include Unit Standards from the following cluster as electives: Title: Level: Credits: ID: • Analyse the dynamics of different interactive styles in client relationships: Level 5: 3 Credits: 242585. • Apply technical knowledge and skill to advise an individual on planning for retirement: Level 5: 3 Credits: 242613. • Apply knowledge of estate planning to propose a financial solution for a specific client: Level 5: 8 Credits: 242603. • Apply knowledge of estate planning to propose a financial solution to a high net worth individual: Level 6: 8 Credits: 242592. • Apply knowledge of the unique estate planning needs of farm owners to provide a financial plan for a farm owner: Level 6: 4 Credits: 242591. • Analyse and interpret qualitative and quantitative data from relevant reports in order to make a recommendation or inform a decision for an entity: Level 5: 5 Credits: 242559. • Manage the relationship between an intermediary/representative and a Long- Term insurer: Level 5: 5 Credits: 242558.
  5. 5. Annexure A Page 5 of 18 • Adapt and verbally communicate financial information to a range of audiences: Level 5: 3 Credits: 242614. • Demonstrate knowledge and understanding of the Financial Advisory and Intermediary Services Act 2002 (FAIS) (Act 37 of 2002) as it impacts on a specific financial services sub-sector: Level 4: 2 Credits: 242584. • Explain South African money laundering legislation and the implications for accountable institutions in transacting with clients: Level 4: 3 Credits: 242593. • Apply the regulations for disclosure that are required as part of the financial sales process: Level 4: 2 Credits: 117129. • Apply knowledge and skill to explain the application of structured long term insurance portfolios: Level 5: 6 Credits: 242590. • Analyse the role of international investment in wealth management: Level 5: 6 Credits: 242563. • Apply knowledge and insight to advise on the composition of a financial portfolio: Level 6: 6 Credits: 242619. • Develop a potential wealth preservation solution for an entity: Level 6: 8 Credits: 242555. It is recommended that Medical Scheme Brokers should include Unit Standards from the following cluster as electives: Title: Level: Credits: ID: • Analyse the dynamics of different interactive styles in client relationships: Level: 5: 3 Credits: 242585. • Conduct an in depth investigation into the current healthcare sector in South Africa using published data: Level: 5: 8 Credits: 242575. • Objectively evaluate the criteria that materially affect the performance of a medical scheme and its administration: Level: 5: 10 Credits: 242616. • Investigate industry initiatives to quality control medical providers: Level: 5: 6 Credits: 242570. • Apply knowledge of health economics to make an informed decision: Level: 6: 3 Credits: 242557. • Analyse the product design of different medical schemes to evaluate the benefits set of each scheme: Level: 5: 5 Credits: 242567. • Analyse and interpret qualitative and quantitative data from relevant reports in order to make a recommendation or inform a decision for an entity: Level: 5: 5 Credits: 242559. It is recommended that Learners who specialise in Medical Schemes Administration should include Unit Standards from the following cluster as electives: Title: Level: Credits: ID: • Manage costs in a specific case with due regard for quality: Level: 5: 2 Credits: 242565. • Objectively evaluate the criteria that materially affect the performance of a medical scheme and its administration: Level: 5: 10 Credits: 242616. • Conduct an in depth investigation into the current healthcare sector in South Africa using published data: Level: 5: 8 Credits: 242575. • Investigate industry initiatives to quality control medical providers: Level: 5: 6 Credits: 242570. • Apply knowledge of health economics to make an informed decision: Level: 6: 3 Credits: 242557. • Analyse the product design of different medical schemes to evaluate the benefits set of each scheme: Level: 5: 5 Credits: 242567.
  6. 6. Annexure A Page 6 of 18 • Analyse and interpret qualitative and quantitative data from relevant reports in order to make a recommendation or inform a decision for an entity: Level: 5: 5 Credits: 242559 . Electives should be relevant to both the learner and the organisation so the choice of the unit standards for this particular Learnership may be made on the basis of:  The learner’s own interest and selected career path  The needs of the organisation as identified in the Workplace Skills Plan  A need identified as part of a performance appraisal by a line manager  A need identified as part of an organisation’s strategy towards an identified goal. Practical formative, continuous assessment should be against the assessment criteria of the chosen elective unit standards. Assessment should use a variety of methods such as observation, taped evidence, examination of work or product etc. Assessment should follow the relevant ETQA’s Assessment Policy and guidelines. 2.6 Date of registration of the qualification on the NQF (if registered) and code and number of the qualification: 16 November 2006- Code: 57608 2.7 Date of application to SAQA for registration of the qualification (if not registered): 2.8 Name of ETQA responsible for quality assuring the qualification: INSQA-Insurance Sector Assurer
  7. 7. Annexure A Page 7 of 18 3 Qualification and Unit Standard Percentage of assessment NQF Credit at: Title Code Level value Workplace Training Provider Provider Details of National Certificate: 57608 5 120 71% 29% Qualification Wealth Management Details of unit Fundamental 39 standards Learning Present an informed 230070 5 5 71% 29% argument on a current issue in a business sector Demonstrate knowledge 230075 5 6 71% 29% and insight into the changing nature of the financial services industry and its consumers Describe the financial life 230077 5 8 71% 29% cycle of an individual and how this influences financial decisions Apply basic economic 230071 5 5 71% 29% principles to the financial services sector Demonstrate insight into 120075 5 10 71% 29% current affairs in the Financial Services sector Demonstrate knowledge 119997 5 5 71% 29% and understanding of risk in a Financial Services environment Core Learning 40 Apply the principles of 230078 6 10 71% 29% ethics to a business environment Determine the needs and 242573 5 4 71% 29% wants of an entity in order to propose an appropriate financial solution Research information in 242554 5 7 71% 29% order to assist in conducting a financial risk assessment Present a proposal to 242574 5 4 71% 29% optimise the tax aspects of the wealth management of an entity
  8. 8. Annexure A Page 8 of 18 Apply scenario planning to 242580 5 6 71% 29% explain potential risk in a specified financial services context Apply knowledge of the 242594 5 4 71% 29% different asset classes in order to give financial advice Apply a researched trend 242601 5 5 71% 29% to individual financial risk Elective learning 351 Select unit standards relevant to a career path Min 41 for a minimum of 41. (It is also suggested that additional unit standards be chosen to ensure all relevant aspects of knowledge and skills are addressed). Adapt and verbally 242614 5 2 71% 29% communicate financial information to a range of audiences Demonstrate knowledge 242584 5 2 71% 29% and understanding of the Financial Advisory and Intermediary Services Act 2002 (FAIS) (Act 37 of 2002) as it impacts on a specific financial services sub-sector Apply technical knowledge 242612 5 2 71% 29% and skill to explain how collective investment scheme portfolios are classified Apply knowledge and skill 242590 5 6 71% 29% to explain the application of structured long term insurance portfolios Demonstrate knowledge 242556 6 3 71% 29% and insight into offshore legislation in the South African investment environment Apply technical knowledge 242607 5 3 71% 29% and insight into the management of collective investment portfolios
  9. 9. Annexure A Page 9 of 18 Demonstrate knowledge 242609 5 6 71% 29% and understanding of the establishment and ongoing maintenance of a domestic collective investment portfolio Discuss current trends in 242606 6 4 71% 29% investment portfolio management Apply technical knowledge 242560 5 4 71% 29% and insight into the sales and marketing of participatory interest in collective investment scheme portfolios Apply technical knowledge 242576 5 3 71% 29% and insight into property as an investment Explain South African 242593 4 3 71% 29% money laundering legislation and the implications for accountable institutions in transacting with clients Demonstrate knowledge 242600 6 5 71% 29% and insight into the valuation of retirement funds Analyse the implications 242579 6 3 71% 29% of current and/or proposed reform for the Retirement Fund/Medical Scheme sub-sector in order to formulate a possible response Apply technical knowledge 242586 5 6 71% 29% and insight into how the legislative and regulatory environment impacts on retirement fund benefits for employees Apply knowledge and 242564 6 8 71% 29% insight to structure and implement a retirement fund for an organisation Apply technical knowledge 242597 6 5 71% 29% and skill to advise business entities on insurance and group retirement benefits
  10. 10. Annexure A Page 10 of 18 Evaluate the effectiveness 242596 5 5 71% 29% of the administration function of a retirement fund in order to make an informed decision Apply technical knowledge 242613 5 5 71% 29% and skill to advise an individual on planning for retirement Develop a set of rules that 242611 5 3 71% 29% meets the needs of a retirement fund client and are compliant Analyse reports and 242617 5 2 71% 29% documents of a retirement fund to ensure governance and manage risk Apply knowledge and 242595 6 8 71% 29% insight of the role of alternative investments in wealth management Evaluate the relevant 242572 6 5 71% 29% performance of a Fund/Portfolio Manager Apply knowledge and 242568 6 4 71% 29% insight of the medical scheme environment to evaluate risk in a selected medical scheme Analyse the implications 242582 6 10 71% 29% of the South African Government's National Health Policy and the potential impact on medical schemes Objectively evaluate the 242616 5 10 71% 29% criteria that materially affect the performance of a medical scheme and its administration Investigate industry 242570 5 6 71% 29% initiatives to quality control medical providers Manage costs in a specific 242565 5 2 71% 29% case with due regard for quality
  11. 11. Annexure A Page 11 of 18 Conduct an in depth 242575 5 8 71% 29% investigation into the current healthcare sector in South Africa using published data Analyse the product 242567 5 5 71% 29% design/structure of different medical schemes to evaluate the benefits of each scheme Manage the relationship 242558 5 5 71% 29% between an intermediary and a Long-Term insurer Apply knowledge and 242619 6 6 71% 29% insight to advise on the composition of a financial portfolio Apply knowledge of health 242571 6 3 71% 29% economics to make an informed decision Analyse the dynamics of 242585 5 3 71% 29% different interactive styles in client relationships Explain the basic 242618 5 12 71% 29% principles of enterprise wide risk management Apply technical knowledge 242608 5 10 71% 29% to explain business risk and possible strategies to finance risk Demonstrate knowledge 242562 5 5 71% 29% and understanding of the fundamental principles of risk finance in order to propose an insurance solution Apply technical knowledge 119998 5 8 71% 29% and insight to manage the risks inherent in a group scheme Analyse the strategic 114206 5 5 71% 29% impact of a successful wellness programme Design a funding model to 242583 5 10 71% 29% make provision for financial consequences of losses in an entity Devise a marketing 242604 6 5 71% 29% strategy for a selected target market
  12. 12. Annexure A Page 12 of 18 Apply the regulations for 117129 4 2 71% 29% disclosure that are required as part of the financial sales process Explain how the life cycle 230073 6 6 71% 29% of a business entity affects investment and insurance decisions Demonstrate insight into 230074 6 6 71% 29% how the South African Constitution impacts on the financial services industry Demonstrate knowledge 242598 5 10 71% 29% and understanding of the responsibilities of directors in terms of corporate governance Apply knowledge and 242599 5 5 71% 29% understanding of captives as a method of alternative risk transfer Demonstrate knowledge 242615 5 3 71% 29% and understanding of the financial consequences of a large claim to a client Examine the assets and 242588 5 3 71% 29% liabilities from an organisation's financial statements in order to identify risk financing opportunities Apply the risk 242602 5 5 71% 29% management process to investigate alternatives for risk transfer Evaluate the current and 242561 6 8 71% 29% future financial position of an entity Develop a potential wealth 242555 6 8 71% 29% preservation solution for an entity Apply knowledge of the 242591 6 4 71% 29% unique estate planning needs of farm owners to provide a financial plan for a farm owner Apply knowledge of estate 242592 6 8 71% 29% planning to propose a financial solution for a high net worth client
  13. 13. Annexure A Page 13 of 18 Apply knowledge of 242589 6 10 71% 29% business insurance to propose a Long-Term financial solution for a business entity Apply knowledge of estate 242603 5 8 71% 29% planning to propose a financial solution for a specific client Apply financial knowledge 242605 5 3 71% 29% and skill to manage a Trust Fund Advise Retirement Fund 242578 6 6 71% 29% Trustees and Corporates on the structure of a Fund's investments Apply knowledge of 242577 6 3 71% 29% investment to hedge funds Analyse the role of 242563 5 6 71% 29% international investment in wealth management Apply knowledge of macro 242587 6 5 71% 29% economic trends and indices to evaluate the potential effect on a selected portfolio Research the influence of 242566 5 3 71% 29% culture and diversity on attitudes to creating and managing wealth Research theories of 242557 6 4 71% 29% behavioural economics and behavioural finance to explain the influence of emotion on financial decisions Analyse and interpret 242559 5 5 71% 29% qualitative and quantitative data from relevant reports in order to make a recommendation or inform a decision for an entity Investigate issues of 242610 6 10 71% 29% governance that impact on the different role players in a selected sub-sector
  14. 14. Annexure A Page 14 of 18 Apply insight into the 242569 5 3 71% 29% implications of changing financial priorities and attitudes on the value proposition in a financial relationship Research the incidence, 242581 5 7 71% 29% quantity and severity of an occurrence in order to uncover a trend and anticipate a financial risk Elective unit standards at level 5 from insurance and financial services related fields may be included in order to ensure relevance. The qualification requirements must be met before additional unit standards from other relevant qualifications are chosen. The qualification requires an integrated summative assessment based on 850 hours of practical mentored on the job experience in an organisation. This is assessed against the selected Elective unit standards and the exit outcomes and assessment criteria of the whole qualification. Refer to Motivation Points 2.5 and 4 4. The Practical Component Please note: The practical component in this Learnership will be assessed as continuous, formative assessment on the job by the line manager/mentor.
  15. 15. Annexure A Page 15 of 18 Where appropriate practical application will be included in structured learning but is not counted as part of the credit split to allow for maximum flexibility in the selection of work appropriate electives. Nature of work experience/practice work required for the Learnership. The following assessment criteria will be used to assess the workplace component. Practical Time in the Workplace: Total 850 hours Assessment Criteria based on all unit standards: For Qualification Exit Level Outcomes: 560 Hours (71% of 79 Credits. 39 Fundamental and 40 Core)
  16. 16. Annexure A Page 16 of 18 1. Gathering, analysing, synthesising and evaluating information, manipulating and interpreting data and identifying trends, communicating information coherently in writing and verbally, and showing insight into current affairs in the Financial Services sector. Associated Assessment Criteria • Current events and developments that could impact on the Financial Services Sector in general, and on Wealth Management and Wealth Creation in particular, are analysed and discussed and an informed personal opinion is expressed and substantiated in the discussion indicating ability to anticipate or predict future trends and the potential impact on the industry. • Knowledge learnt in various Unit Standards and current events as they occur are integrated with an informed understanding of the Wealth Management environment so that knowledge of the industry is applied in authentic situations. • Information is gathered, analysed, interpreted, summarised and evaluated from a range of sources and presented coherently, reliably and accurately both verbally and in writing using technological skills. • Evidence is evaluated and used to substantiate an argument and to interpret changing trends in the macro and microenvironments that impact on wealth management. • Financial and other data is manipulated and interpreted to identify trends. • The Wealth Management operating environment is explained as a system within the Financial Services Sector and an indication is given of current issues and changes in the sector. Associated Unit Standards • Present an informed argument on a current issue in a business environment. • Demonstrate knowledge and insight into current affairs in the Financial Services Sector. • Demonstrate knowledge and understanding of risk in a financial services environment. • Demonstrate knowledge and insight into the changing nature of the financial services industry and its consumers. • Describe the financial lifecycle of an individual and how this influences financial decisions. • Determine the needs and wants of an entity in order to propose an appropriate financial solution. • Research information in order to assist in conducting a financial risk assessment. • Apply a researched trend to individual financial risk. • Apply scenario planning to explain potential risk in a specified financial services context. • Apply knowledge of the different asset classes in order to give financial advice.
  17. 17. Annexure A Page 17 of 18 2. Apply knowledge of economics, investment practices, tax and other financial information to match the needs of clients to financial products. Associated Assessment Criteria • The needs, wants and risk profile of a selected client are analysed and specialised technical knowledge is applied to propose a financial solution based on a needs analysis. • Knowledge of the different asset classes and the client’s needs are applied to select an appropriate financial product. • Essential methods, procedures and techniques of the Financial Services industry are applied within the legislated environment in order to make a financial recommendation. Associated Unit Standards • Apply basic economic principles to the financial services sector. • Demonstrate knowledge and insight into the changing nature of the financial services industry and its consumers in South Africa. • Describe the financial lifecycle of an individual and how this influences financial decisions. • Demonstrate knowledge and understanding of risk in a financial services environment. • Apply a researched trend to individual financial risk. • Determine the needs and wants of an entity in order to propose an appropriate financial solution. • Present a proposal to optimise the tax aspects of the wealth management of an entity. • Apply scenario planning to explain potential risk in a specified financial services context. • Apply knowledge of the different asset classes in order to give financial advice. 3. Applying knowledge of legislation, ethics, and compliance in the context of the financial services sector in South Africa Associated Assessment Criteria • Methods, procedures and techniques for creating and managing wealth are applied with reference to specific company policy, legislative requirements and competitive industry practices. • Decisions are substantiated based on available information with due regard for compliance and within own authority limits, license or mandate, relevant service agreements and an organisation’s customer service policy. • The concept of ethics is explained with reference to an organisations code of conduct, and an individual’s personal and property rights. Associated Unit Standards • Apply basic principles of ethics and professionalism in a business environment. Electives: Practical application 290 Hours (71% of 41 Credits) Assessment according to a checklist provided by the trainer and customised for the organisation against the assessment criteria in the appropriate selected unit standard 5. Learnership Discretionary Grant in favour of the Employer For details on INSETA Discretionary Grants. Please access:
  18. 18. Annexure A Page 18 of 18  Website www.inseta.org.za  Click on Learnerships  Click on Learnership Funding Policy 6. Minimum Learner Allowances Learner allowances for learners who were not employed by the employer when the agreement was concluded, as provided for in section 18(2) of the Act. Credits earned 0 - 120 121 - 240 241 - 360 361 - 480 Learner Allowance per Learner per year R 6 235.20 @ R 519.60 per month Learner Allowance per Learner per year R 13 509.60 @ R 1 125.80 per month .

×