CPD and Class of Business

CPD and Class of Business

The Milpark School of Financial Planning & Insurance offers the latest in Continual Professional Development (CPD) and Class of Business training. These online courses are designed with the practioner in mind, and will ensure that Representatives, Financial Services Providers and Key Individuals are up to date with the latest in industry best practice.

Milpark Education is an approved provider of Continual Professional Development (CPD) training by the Financial Planning Institute of South Africa.

 

About

What is a CPD activity?

Means and activity that is, accredited by a Professional Body; allocated a hour value or a part thereof by that Professional Body; and verifiable. It excludes and activity performed towards a qualification; and product specific training.

Who needs it?

FSPs, key individuals and representatives

By when is it effective?

Will be effective as from 1 June 2018 and then candidates will have a 12 month period to adhere to requirements.

CPD Hours

  1. A single subclass of business within a single class of business MUST complete a minimum of 6 hours of CPD activities per CPD cycle;
  2. More than one subclass of business within a single class of business MUST complete a minimum of 12 hours of CPD activities per CPD cycle;
  3. More than one class business MUST complete a minimum of 18 hours of CPD activities per CPD cycle;

Who is excluded?

  1. A representative of a Cat I FSP appointed to render financial services only in respect of the financial products: Long-term Insurance Sub cat A and/or Friendly Society Benefits; and
  2. A representative of a Cat I FSP that is appointed to only
  • Furnish advice in respect of a Tier 2 financial product; and or
  • Render an intermediary service in respect of a financial product

 

What is Class of Business Training?

Means the training referred to in respect of a class of business and which training is provided and assessed by and accredited provider or and education institution eg. Milpark.

Who needs it?

A representative working under supervision has 12 months from the effective date to complete it.

By when is it effective?

Classes of business training will become effective as from 1 August 2018.

Who is excluded?

  1. A Cat I FSP, its key individual and reps that are authorized, approved or appointed to render financial services only in respect of the financial products: Long-term sub cat A and/or Friendly Society Benefits; and
  2. A rep of a Cat I FSP that is appointed to
  • Furnish advice or render an intermediary service in respect of a Tier 2 financial product; or Perform only the execution of sales in respect of a Tier 1 financial product provided that the requirements in section 229b)
  • are complied with
  • The competency requirements relating to product specific training contained in this Part do not apply to a Cat II, Cat IIA or a Cat III FSP.

 

Apply online for access to both CPD and Class of Business Short Course qualifications!

 
 
CPD Courses

Continual Professional Development Short Courses

Qualification Subject
Online Short Course: Long-term Insurance (Class of Business) Long-term Insurance
Online Short Course: Health Services Benefits (Class of Business) Health Services Benefits
Online Short Course: Short-term and Long-term Deposits (Class of Business) Short-term and Long-term Deposits
Online Short Course: Investments (Class of Business) Investments
Online Short Course: Tax-free Savings Accounts in Financial Planning (CPD) Tax-free Savings Accounts in Financial Planning
Online Short Course: Personal Financial Planning (CPD) Personal Financial Planning
Online Short Course: Overview of Changes in the Financial Planning Environment (CPD) Overview of Changes in the Financial Planning Environment
Online Short Course: Medical Aid Underwriting (CPD) Medical Aid Underwriting
Online Short Course: The South African Retirement Landscape (CPD) The South African Retirement Landscape
Online Short Course: Ethical Investments (CPD) Ethical Investments
Online Short Course: Estate Planning with Offshore Exposure (CPD) Estate Planning with Offshore Exposure
Online Short Course: Regulatory Requirements for Replacements (CPD) Regulatory Requirements for Replacements
Online Short Course: Ombud Cases and Ethical Considerations (CPD) Ombud Cases and Ethical Considerations
Online Short Course: Social Media Use for Key Individuals (CPD) Social Media Use for Key Individuals
Online Short Course: Presenting a Financial Plan (CPD) Presenting a Financial Plan
Online Short Course: Medical Scheme Performance (CPD) Medical Scheme Performance
Online Short Course: Taxation Applicable to Estate Planning and Trusts (CPD) Taxation Applicable to Estate Planning and Trusts
Online Short Course: Tax Deductions of Retirement Fund Contributions (CPD) Tax Deductions of Retirement Fund Contributions
Online Short Course: Section 37C Disposal of Death Benefits (CPD) Section 37 Disposal of Death Benefits 
Online Short Course: Practice Management (CPD) Practice Management
Online Short Course: Social Media Use (CPD) Social Media Use
Online Short Course: FICA Annual Update (CPD) FICA Annual Update
Online Short Course: Drafting an Estate Plan (CPD) Drafting an Estate Plan
Online Short Course: Returns in a Low Return Environment (CPD) Returns in a Low Return Environment
Online Short Course: Managing Risk in a Client Portfolio (CPD) Managing Risk in a Client Portfolio
Online Short Course: Consequences of Non-Disclosure (CPD) Consequences of Non-Disclosure
Online Short Course: Investment Planning and the Economy (CPD) Investment Planning and the Economy
Online Short Course: Short-term Insurance (CPD) Short-term Insurance 
Online Short Course: Constructing a Client Portfolio (CPD) Constructing a Client Portfolio
Online Short Course: Administration of Deceased Estates (CPD) Administration of Deceased Estates
Online Short Course: Risk Planning Products (CPD) Risk Planning Products
Online Short Course: Social Media Use for Financial Planners (CPD) Social Media Use for Financial Planners
Online Short Course: Trusts and Estate Planning (CPD)  Trusts and Estate Planning
Online Short Course: Investment Planning (CPD) Investment Planning 
Online Short Course: Global Investment Strategies (CPD) Global Investment Strategies
Online Short Course: Umbrella Funds Options and Costing (CPD) Umbrella Funds Options and Costing
Online Short Course: Cultural Diversity in Financial Planning (CPD) Cultural Diversity in Financial Planning
Online Short Course: Report Writing for Financial Planners (CPD) Report Writing for Financial Planners
Online Short Course: Offshore Investment and Governance (CPD) Offshore Investment and Governance
Online Short Course: King IV and Retirement Funds (CPD) King IV and Retirement Funds
Online Short Course: Risk Planning and Management (CPD) Risk Planning and Management
Online Short Course: Tax Benefits of Retirement Planning (CPD) Tax Benefits of Retirement Planning 
Online Short Course: Income Tax and Investments (CPD) Income Tax and Investments
Online Short Course: Pre-retirement Planning (CPD) Pre-retirement Planning
Online Short Course: Post-retirement Planning (CPD) Post-retirement Planning
Online Short Course: Divorce and Estate Planning (CPD) Divorce and Estate Planning
Online Short Course: Retirement Planning: Tax on Withdrawal (CPD) Retirement Planning: Tax on Withdrawal
Online Short Course: Retirement Planning: Tax at Retirement (CPD) Retirement Planning: Tax at Retirement
Online Short Course: Retirement Planning: Tax on Death (CPD) Retirement Planning: Tax on Death
Online Short Course: Business Assurance (CPD) Business Assurance
Online Short Course: Investment Planning for Financial Planners (CPD) Investment Planning for Financial Planners
Online Short Course: Marital Regimes (CPD) Marital Regimes
Online Short Course: Estate Planning and Trusts Law (CPD) Estate Planning and Trust Law
Online Short Course: Disability Cover (CPD) Disability Cover
Online Short Course: Short-term Personal Lines (Class of Business) Short-term Insurance: Personal Lines 
Online Short Course: Tax and Retirement Funds (CPD) Tax and Retirement Funds
Online Short Course: Short-term Commercial Lines (Class of Business) Short-term Insurance: Commercial Lines 
Online Short Course: Pension Fund Benefits (Class of Business) Pension Fund Benefits
Online Short Course: Structured Deposits (Class of Business) Structured Deposits 
Online Short Course: Estate Planning: Succession Planning for Businesses (CPD) Estate Planning: Succession Planning for Businesses
Online Short Course: Section 14 Transfers: Process and Pitfalls (CPD) Section 14 Transfers: Process and Pitfalls
Online Short Course: Retirement Funds and Risk Management (CPD) Retirement Funds and Risk Management
Online Short Course: Divorce and Retirement Fund Benefits (CPD) Divorce and Retirement Fund Benefits
Online Short Course: Social Security and Retirement Reform (CPD) Social Security and Retirement Fund Benefits 
Online Short Course: Tax Planning for Businesses (CPD) Tax Planning for Businesses
Online Short Course: Investment Planning for Businesses (CPD) Investment Planning for Businesses
Online Short Course: Risk and Business Insurance (CPD) Risk and Business Insurance
Online Short Course: Pension Fund Regulations (CPD)  Pension Fund Regulations
Online Short Course: Retirement Fund Governance (CPD) Retirement Fund Governance
Online Short Course: Regulation 28 In-fund Investment Management (CPD) Regulation 28 In-fund Investment Management
Online Short Course: Employee Benefits and Dispute Resolution (CPD) Employee Benefits and Dispute Resolution
Online Short Course: Employee Benefits (CPD) Employee Benefits
Online Short Course: Employee Benefits and Client Engagements (CPD) Employee Benefits and Client Engagements
Online Short Course: Ethics Cases for Financial Planners (CPD) Ethics Cases for Financial Planners
Online Short Course: Employee Benefits and Tax (CPD)  Employee Benefits and Tax
Online Short Course: Forex Investments (Class of Business) Forex Investments
Online Short Course: Health Services Benefits (CPD) Health Services Benefits
Class of Business Courses

Classes of Business

 

Classes of Business

Sub-classes

1

Short-term Insurance: Personal Lines

1.1 Personal Lines: Accident and health

1.2 Personal Lines: Liability policy

1.3 Personal Lines: Miscellaneous Policy

1.4 Personal Lines: Motor policy

1.5 Personal Lines: Property policy

1.6 Personal Lines: Transportation policy

1.7 Personal Lines: Reinsurance policy

2

Short-term insurance: Commercial Lines

2.1 Commercial Lines: Accident and health

2.2 Commercial Lines: Engineering policy

2.3 Commercial Lines: Guarantee policy

2.4 Commercial Lines: Liability policy

2.5 Commercial Lines: Miscellaneous policy

2.6 Commercial Lines: Motor policy

2.7 Commercial Lines: Property policy

2.8 Commercial Lines: Transportation policy

2.9 Commercial Lines: Short-term Reinsurance policy

3

Long-term Insurance

3.1 Assistance policy

3.2 Life risk policy

3.3 Life investment policy

3.4 Fund policy

3.5 Sinking fund policy

3.6 Long-term reinsurance policy

4

Pension Fund Benefits

 

5

Short-term and Long-term Deposits

 

6

Structured Deposits

 

7

Investments

7.1 Shares

7.2 Money market investments

7.3 Debentures and securitized debt

7.4 Bonds

7.5 Derivative instruments, warrants, certificates or other instruments

7.6 Securities and Instruments

7.7 Participatory Interest in a collective investment scheme

7.8 Participatory interest in a CIS hedge fund

7.9 Retail pension benefits

8

Forex Investments

 

9

Health Services Benefits

 

How to apply
Please apply online via our online application process or call our Student Services team on 086 999 0001.