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Essential Skills
This module is intended to give basic knowledge of topics in the financial planning field.
This information will be applicable in most settings and should be absorbed by the learner
and incorporated into their studies.
Specific Outcomes:
understand what the Registered Financial Planner course is comprised of and more
about the South African qualifications processes
have skills in studying for examinations and use tips on how to write examinations
explain basic financial planning concepts such as the Marital Regime and Wills
do any type of financial calculation required in the examination
Introduction The course you are embarking on is the National Certificate: Wealth
Management (ID number 57608). With the introduction of a new system of
measuring skills and learning, all business in South Africa is grouped in
sectors and qualifications for those sectors are registered with the South
African Qualifications Authority (SAQA).
RFP1
Course
breakdown NQF Level/ Module /
UNIT STD UNIT STANDARD TITLE
Credits Chapter
RFP 2
NQF
UNIT Module /
UNIT STANDARD TITLE Level/
STD Chapter
Credits
Apply basic economic principles to
230071 5/5 3/1
the financial services sector
Apply Knowledge of the different
242594 asset classes in order to give 5/4 4/1
financial advice
Present a proposal to optimise the
242574 tax aspects of the wealth 5/4 5 / all
management of an entity
Apply scenario Planning to explain
242580 potential risk in a specified 5/6 1 / all
financial services context
Demonstrate knowledge &
119997 understanding of risk in a financial 5/5 6/1
services environment
Research information in order to
242554 assist in conducting a financial risk 5/7 6/2
assessment
Apply a researched trend to
242601 5/5 3/2
individual financial risk
Explain South African money
laundering legislation and the
242593 implications for accountable 4/3 2 / all
institutions in transacting with
clients
Apply technical knowledge and
242612 skill to explain how collective 5/2 4/2
investment schemes are classified
Total Credits 41
RFP 3
NQF
UNIT Module /
UNIT STANDARD TITLE Level/
STD Chapter
Credits
Apply knowledge of business
insurance to propose a Long Term
242589 6 / 10 5 / all
financial solution for a business
entity
Apply knowledge of estate
242592 planning to propose a financial 6/8 4/2
solution for a high net worth client
Apply the regulations for disclosure
117129 that are required as part of the 4/2 1 / all
financial sales process
Apply technical knowledge and
242613 skill to advise an individual on 5/5 2 / all
planning for retirement
Develop a potential wealth
242555 5/8 3 / all
preservation solution for an entity
Apply knowledge of estate
242603 planning to propose a financial 5/8 4/1
solution
Total Credits 41
For more information on SAQA and the unit standards, visit the following
website for further information http://www.saqa.org.za/ click on
qualifications and unit standards and navigate from there.
Examination The format for course 57608 has changed from the previous course offered
format by the FPI. There are multiple choice, short answer and case study questions
included in each examination. There will also be the mandatory submission of
an assignment. Failure to submit this assignment on time will result in your
not being allowed to write the examination.
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