|All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.|
|SOUTH AFRICAN QUALIFICATIONS AUTHORITY|
|Advanced Certificate in Financial Planning|
|SAQA QUAL ID||QUALIFICATION TITLE|
|93710||Advanced Certificate in Financial Planning|
|Management College of Southern Africa (MANCOSA)|
|PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY||NQF SUB-FRAMEWORK|
|CHE - Council on Higher Education||HEQSF - Higher Education Qualifications Sub-framework|
|Advanced Certificate||Field 03 - Business, Commerce and Management Studies||Finance, Economics and Accounting|
|ABET BAND||MINIMUM CREDITS||PRE-2009 NQF LEVEL||NQF LEVEL||QUAL CLASS|
|Undefined||120||Not Applicable||NQF Level 06||Regular-Provider-ELOAC|
|REGISTRATION STATUS||SAQA DECISION NUMBER||REGISTRATION START DATE||REGISTRATION END DATE|
|LAST DATE FOR ENROLMENT||LAST DATE FOR ACHIEVEMENT|
|In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.|
This qualification does not replace any other qualification and is not replaced by any other qualification.
|PURPOSE AND RATIONALE OF THE QUALIFICATION|
This qualification is an undergraduate qualification that offers a combination of theory and practice in the area of financial services. Qualifying learners will develop:
The Qualification aims to:
|LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING|
|Recognition of Prior Learning:
This qualification may be obtained in wholly or in part through the Recognition of Prior Learning.
In the cases where prior learning is to be recognised for purposes of access to the qualification:
> The applicants' motivation, maturity and realistic approach to their studies.
> Job description, covering relevant area of work, giving examples of tasks carried out, possibly supplying references.
> The nature and level of life/work experience and prior study, and the learning which has resulted from such experience.
> Details of in-company short courses, length, content of material covered, standard achieved.
> The clarity of the applicant's educational goals and objectives.
> The extent to which the applicant can provide evidence of the threshold skills and knowledge for the qualification.
Where prior learning is recognised for advanced standing, credit will be given for prior certificated learning in accordance with established practice at South African higher education institutions. The amount of 'specific' credit granted is dependent on the match between prior learning and award towards which the intended qualification leads.
The minimum level of attainment required for entry into this qualification is a:
In addition to the above admission criteria, the following will also be considered:
|RECOGNISE PREVIOUS LEARNING?|
|This qualification consists of six compulsory modules all at NQF Level 6 totalling 120 Credits:
|EXIT LEVEL OUTCOMES|
|A learner attaining this qualification will be able to:
1. Describe the financial planning process in detail.
2. Describe, explain, analyse and synthesise financial planning concepts.
3. Analyse a variety of products and make an informed decision based on the client's needs and suitability of the product to the need.
4. Provide a comprehensive financial needs analysis to a client.
5. Record the advice process as per regulatory requirements.
6. Analyse market conditions, regulations, investment products, risk products and provide solutions to clients based on their financial need.
7. Implement a monitoring process for client feedback and re-evaluation.
8. Provide and implement a business management operation in line with FAIS compliance requirements.
|ASSOCIATED ASSESSMENT CRITERIA|
|The Associated Assessment Criteria are applied in an integrated way to some or all of the Exit Level Outcomes:
The learner's competencies will be assessed in an integrated way utilising both formative and summative assessments.
Assessment centres on:
Assessment methods measure the extent to which the learner has achieved competence in the different areas of study delivered through modules.
These assessment methods include:
|The qualification was benchmarked against similar international qualifications as depicted below.
The Chartered Insurance Institute in the United Kingdom (UK) offers a Certificate in Financial Planning which is a relevant learning pathway for those employed in support or ancillary (non-advisory) functions in the financial advice market. It provides a solid grounding in the financial services market in general and financial planning advice in particular. The Certificate develops knowledge and understanding of:
The qualification consists of the following modules:
Georgetown University, Washington, D.C, in the United States of America, offers a Certificate in Financial Planning which is designed for established financial professionals and working professionals entering the field. The Certificate aims to:
This qualification consists of the following six modules that focus on the theory and practice of personal financial planning:
The Advanced Certificate in Financial Planning compares favourably in general module content, as well as in level and duration (one year), with those international qualifications used for comparison.
|This qualification offers both horizontal and vertical articulation opportunities for the qualifying learner:
Horizontal articulation with other qualifications, at NQF Level 6 includes the:
Vertical articulation with other qualifications, at NQF Level 7 includes the:
|CRITERIA FOR THE REGISTRATION OF ASSESSORS|
|As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2015.|
|LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION:|
|PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION:|
|This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
|1.||Management College of Southern Africa (MANCOSA)|