BLENDED LEARNING SOLUTIONS
Intelligo Solutions


SAQA QUAL ID QUALIFICATION TITLE
66611  National Certificate: Wealth Management 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
The individual Primary or Delegated Quality Assurance Functionary for each Learning Programme recorded against this qualification is shown in the table at the end of this report.  SFAP - Sub-framework Assignment Pending 
QUALIFICATION TYPE FIELD SUBFIELD
National 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  Level 5  Level TBA: Pre-2009 was L5  Regular-Unit Stds Based 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Reregistered  SAQA 10105/14  2015-07-01  2018-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2019-06-30   2022-06-30  

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 
Purpose: 
The purpose of the National Certificate: Wealth Management Level 5 is to build the knowledge and skills required by employees in Wealth Management who have achieved a Qualification equivalent to NQF Level 4, preferably in a Financial Services related field, and are ready to study at Level 5. It is intended to empower learners to 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 Financial Services Industry. It should add value to the qualifying learner in terms of enrichment of the person, status, licensing and recognition. 

As a Qualification in Wealth Management, it 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 an opportunity for learners to apply academic skills in relation to the workplace. The Qualification is structured in such a way that it exposes learners to generic competencies required in the Financial Services Sector at Level 5 and allows for specialisation to meet the needs of different work roles. 

The National Certificate: Wealth Management: Level 5 is a building block for learners who wish to follow a career path in Financial Services within Long-Term Insurance and Investment. The skills, knowledge, values and attitudes reflected in the Qualification are building blocks that can be developed further at Level 6. 

Rationale: 
The National Certificate: Financial Services: Wealth Management: NQF Level 5 was registered in July 2003. The qualification has been reviewed and expanded to meet the needs of learners in a variety of positions in the Financial Services industry. The National Certificate: Wealth Management: Level 5 replaces the National Certificate: Financial Services: Wealth Management: NQF Level 5. It is a holistic qualification which combines Long Term Insurance, Collective Investments, Retirement Funds, Medical Scheme Administration, Short Term Insurance and other aspects of Wealth Creation and Wealth Management. 

The Qualification 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 learning pathway for learners in Insurance and Investment 

NQF Level 8
  • Postgraduate qualifications offered at Higher Education Institutions. 

NQF Level 7
  • Degrees, Higher Certificates and Diplomas offered at Higher Education Institutions. 

NQF Level 6 
  • National Diploma: Financial Services/Wealth Management (Under development).
  • Unit Standards developed as Fundamentals for L6 Insurance and Investment Qualifications.
  • SGB to develop further Qualifications as required based on Industry needs. 

NQF Level 5 
  • National Certificate: Wealth Management.
  • National Certificate: Long-Term Risk Assessment.
  • National Diploma: Long-Term Risk Assessment.
  • National Diploma: Short Term Insurance -(Under development).
  • SGB to develop further Qualifications as required based on Industry needs. 

NQF Level 4 
  • FETC: Wealth Management -(under review).
  • FETC: Long-Term Insurance.
  • FETC: Long-Term Risk Assessment.
  • FETC: Short Term Insurance.
  • FETC: Risk Management.
  • FETC: Retail Insurance.
  • FETC: Medical Claims Assessing.
  • FETC: Financial Services Management - (under review).
  • National Certificate: Wealth Management: Level 4.
  • National Certificate: Long-Term Insurance: Level 4.
  • National Certificate: Long-Term Risk Assessment: Level 4.
  • National Certificate: Healthcare Benefits Administration: Medical Claims Assessing: Level 4.
  • National Certificate: Short Term Insurance: Level 4.
  • National Certificate: Risk Management: Level 4.
  • National Certificate: Collective Investments: Level 4. 

NQF Level 3: Generic Industry Qualifications: 
National Certificate: Financial Services: Level 3 (2004) - which has replaced: 
  • National Certificate: Insurance (2001). 
  • National Certificate: Collective Investments: Level 4 for administrators in Collective Investment Scheme Managers. 
  • National Certificate: Financial Services Management: Level 3. 

NQF Level 2: Generic Industry Qualifications: 
National Certificate: Financial Services (2004) which has replaced: 
  • National Certificate: Insurance Administration (2000). 

The National Certificate: Wealth Management: NQF Level 5 is intended for: 
  • Intermediaries 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.
  • Intermediaries who 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.
  • Financial Planners who 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. 

 

CONTACT FORM