Postgraduate Diploma in Financial Planning - Milpark Education South Africa

Postgraduate Diploma in Financial Planning - Milpark Education South Africa

The Postgraduate Diploma equips students with the expert knowledge and professional skills required by practitioners in the financial planning sector.  Financial planners who want to become CERTIFIED FINANCIAL PLANNER® Professionals can use this qualification to satisfy the educational requirements set by the FPI.

About

The Postgraduate Diploma will enable graduands to provide financial planning services to a wide range of individual and corporate clients. The Postgraduate Diploma appears on the Financial Services Board (FSB)'s list of recognised qualifications for FAIS Fit and Proper purposes with exemptions in various product categories.  


OUTCOMES

On successful completion of the Postgraduate diploma in Financial Planning, students will be able to:  

  • Apply financial planning expertise and knowledge in financial planning for the benefit of clients and society  
  • Establish a planner/client relationship by explaining concepts and services and client responsibilities – all within the parameters of professional conduct. 
  • Assess a client profile, obtain documented personal information and determine the current financial status of a client  
  • Determine the financial goals (capital, risk and investment needs) of a client 
  • Present a plan to a client for approval and agreement 
  • Implement, manage and monitor such plan within the ethical constraints of the profession, testing effectiveness and recommending change where necessary. 

 

CAREERS

Financial planners who want to become Certified Financial Planner® Professionals can use this qualification to satisfy the educational requirements set by the FPI.   The qualification is also suitable for a wide range of non-client facing careers in financial services and elsewhere, e.g. legal advisers, corporate benefits consultants, managers, actuaries, lawyers and accountants who are interested in personal and corporate financial planning. 

  

PROGRAMME STRUCTURE


Please note that the Dean of the School will prescribe a study program for the completion of the qualification.
Requirements

ADMISSION REQUIREMENTS

  • The entry requirement into the Postgraduate Diploma in Financial Planning is an appropriate Bachelor’s degree at NQF level 6 (old) or 7 (new) or equivalent.
  • A pass in Matric mathematics on higher grade or a C symbol on standard grade or equivalent is required. Relevant post‐matric studies which demonstrate familiarity with the mathematical abilities required will also be considered.

 

Applicants are requested to submit details of employment for the previous ten years which will be used as part of the curriculum planning process. Applicants without extensive experience in financial planning will be required to complete the qualification over a minimum period of two years and will be expected to complete an additional online course focused on financial planning products. Milpark admits a small number of students onto its programme via Recognition of Prior Learning (RPL):

  • Entry via RPL is possible upon application to the Dean of the Faculty, but numbers are limited by legislation
  • Applicants with an NQF level 5 qualification in financial planning or wealth management and an NQF level 6 qualification in financial planning are encouraged to apply via this route. Academic performance on these qualifications will be a consideration and full academic transcripts are to be provided.
  • Please provide full details of employment, as well as a detailed curriculum vitae.
  • In line with our admission policy, applicants may be admitted on condition that they complete a refresher course on the latest income tax legislation in preparation for the Financial Planning Environment module. Additionally, applicants without prior experience in the financial services industry will be expected to complete an online course focused on financial planning products. Foreign applicants whose first language is not English are required to provide proof of proficiency in English prior to admission to the qualification. Foreign students who do not hold a South African matric certificate must present a matric verification from the South African Matriculation Board on application

 

IT REQUIREMENTS

Minimum system requirements:

  • Students on this qualification will be expected to have daily access to the internet as regular online interaction is expected. All Milpark study material will be made available online.
  • Reliable broadband Internet access
  • Firefox/Internet explorer/Chrome web browser
  • Microsoft Word
  • PDF Viewer
  • Ability to scan and upload documents
  • Email/Cellphone for notification and communication
Key Information

IMPORTANT INFORMATION

The qualification consists of 120 credits, offered in four modules, as shown below.  All modules are compulsory and students are provided with a recommended study plan, based on their prior qualifications and experience.  

All modules are offered in semesters on NQF level 8. Please refer to the detailed timetable for more information.

In terms of the module Personal Financial Planning, the module consists of three distinct sub-sections (each with their own set of formative and summative assessments):

  • Retirement Planning (PFPRES)
  • Risk and Estate Planning (PFPREP)
  • Investment Planning (PFPINP)

The intention is for students to fully complete each section before they move on to the next section. It will therefore allow for a more focused approach and aims to ensure that students show the required level of competence on all three sections.   Students will be required to successfully complete each of these sections in order to graduate.

The total cost of registration for the three sections will be equal to the cost of registration for one module. No extra costs will therefore apply.  

Students will have the opportunity to register and complete all three sections in semester 1 of every year. The Investment Planning (PFINP) section will also be open for registration in semester 2 of every year.  

 

WORKLOAD

Based on the credit value and the level of difficulty of the qualification, students must be prepared to study daily during the semesters, with extended preparation time set aside during weekends by employed students.

Detailed study plans and online activities will guide student through the process.  

Tutor support is available throughout the semester. In order to provide a more structured approach, students will have to complete online quizzes at regular intervals.  

Formal assessment consist of a combination of online tests, invigilated tests, assignments and examinations.

 

ASSESSMENTS

Students are required to work with a financial calculator.  The HP10BII is recommended.

In addition, students will also be required to purchase the most recent edition of The South African Financial Planning Handbook. This will be for the students own account.

Formative assessment contributes 40% towards the student’s final mark.

The following modules have a compulsory test under exam conditions as formative assessment:

  • Financial Planning Environment
  • Case Study

The following modules have a compulsory assignment as formative assessment:

  • Personal Financial Planning:
    • Risk and Estate Planning
    • Retirement Planning
    • Investment Planning
  • Corporate Financial Planning

All modules have compulsory online tests as formative assessments.

In addition, students will be expected to complete certain online assessments, which may include participation on online discussions, online quizzes and online assignments as part of due performance requirements.

At the end of each semester, students will write a final summative assessment, which contributes 60% towards the final mark. Students need to obtain a sub‐minimum mark of 40% in the final summative assessment and an overall mark of 50% in order to pass the module. 

How to apply

Students need to complete the admission process and receive academic acceptance onto the programme before registering for modules (subjects or courses).

Admission:

*International students: please refer to the admission requirements for international students by clicking here .

Before applying, be sure that you:

  1. meet the minimum entry requirements as per the course programme brochure.
  2. adhere to the admission closing dates as per the course programme timetable.
  3. have all required documentation available as set out in the course programme brochure.
OR

Contact our student service centre at 086 999 0001 where a consultant will gladly assist you by completing your admission application on your behalf.

Upon successful admission, you will receive an acceptance letter via email as well as login details to access myMilparkmyMilpark, our online student environment.


Exemptions:

If you have completed a qualification at another accredited institution, you may be eligible for subject exemptions.

To apply for an Exemption:

  1. submit the relevant application if any of the modules you have completed previously (no more than 10 years ago) are similar to the modules on the qualification you are applying for.
  2. submit your original exemption application form together with originally certificated documents via post or hand delivery to Milpark.

Note: If you have previously completed a qualification at Milpark Education, you may also be eligible for subject exemptions, however these will be automatically granted on admission. No application is required.


Registration:

On successful admission, you can proceed with the registration of your semester modules.
*International students: please refer to the registration requirements for international students by clicking here .

To register, ensure that you:

  1. have received your login details to access myMilparkmyMilpark.
  2. adhere to the registration closing dates as per the relevant course programme timetable.

(You will be required to upload your proof of payment proof of deposit/EFT, bursary letter or credit card.)

OR

Contact our student service centre at 086 999 0001 where a consultant will gladly assist you by completing your registration application on your behalf.

Upon successful registration, a confirmation of registration letter will be sent together with your study material (where applicable).
All admission and registration information can be also viewed online on myMilpark .myMilpark .

Students need to complete the admission process and receive academic acceptance onto the programme before registering for modules (subjects or courses).

Admission:

*International students: please refer to the admission requirements for international students by clicking here .

Before applying, be sure that you:

  1. meet the minimum entry requirements as per the course programme brochure.
  2. adhere to the admission closing dates as per the course programme timetable.
  3. have all required documentation available as set out in the course programme brochure.
OR

Contact our student service centre at 086 999 0001 where a consultant will gladly assist you by completing your admission application on your behalf.

Upon successful admission, you will receive an acceptance letter via email.


Exemptions:

If you have completed a qualification at another accredited institution, you may be eligible for subject exemptions.

To apply for an Exemption:

  1. submit the relevant application if any of the modules you have completed previously (no more than 10 years ago) are similar to the modules on the qualification you are applying for.
  2. submit your original exemption application form together with originally certificated documents via post or hand delivery to Milpark.

Note: If you have previously completed a qualification at Milpark Education, you may also be eligible for subject exemptions, however these will be automatically granted on admission. No application is required.


Registration:

On successful admission, you can proceed with the registration of your semester modules.
*International students: please refer to the registration requirements for international students by clicking here .

To register, ensure that you:

  1. have received your login details to access myMilparkmyMilpark.
  2. adhere to the registration closing dates as per the relevant course programme timetable.

(You will be required to upload your proof of payment - proof of deposit/EFT, bursary letter or credit card.)

OR

Contact our student service centre at 086 999 0001 where a consultant will gladly assist you by completing your registration application on your behalf.

Upon successful registration, a confirmation of registration letter will be sent together with your study material (where applicable).
All admission and registration information can be also viewed online on myMilpark .myMilpark .

Registration:

*International students: please refer to the registration requirements for international students by clicking here .

To register, ensure that you:

  1. have received your login details to access myMilparkmyMilpark.
  2. adhere to the registration closing dates as per the relevant course programme timetable.

(You will be required to upload your proof of payment proof of deposit/EFT, bursary letter or credit card.)

OR

Contact our student service centre at 086 999 0001 where a consultant will gladly assist you by completing your registration application on your behalf.

Upon successful registration, a confirmation of registration letter will be sent together with your study material (where applicable).
All admission and registration information can be also viewed online on myMilpark .myMilpark .

All international students need to apply via the manual admission route and submit original certified documentation.

If the entry requirements for your chosen Milpark qualification is a South African National Senior Certificate (NSC), you need to obtain an exemption certificate from the Higher Education South Africa (HESA). Visit www.hesa.org.za for further information.

If the entry requirement for your chosen Milpark qualification is a prior undergraduate qualification, you need to obtain an equivalent certificate for foreign qualifications completed. Visit www.saqa.co.za for further information.

  1. Students enrolling via distance learning:
    • do not need to comply with any visa or residency requirements.
    • will conclude admission and registration processes at a distance.
    • will receive study materials via courier in their country of residence.
    • will receive support via distance methods.

    Note: Students are liable for additional costs in respect of courier and examinations.
    Please contact the student service centre 086 999 0001 for further information.

  2. Distance learning students who want to visit South Africa to attend a single short workshop or write an examination at a local venue, have to do so based on the normal visa/visiting requirements as stipulated by the Department of International Affairs (or Home Affairs).

    Note: Such a visit does not imply permission to remain in South Africa indefinitely based on registration at Milpark Education.

  3. Distance learning students are not allowed to provide a South African residential or postal address. Such registrations will not be concluded as the normal visa/study permit requirements have to be complied with as for contact/residential students below.

Contact learning

International students who do not have permanent residence in South Africa or who are not South African citizens need to follow the steps below:

Step 1

Consult their embassy/ Department of International Relations/ South African Embassy for specific prerequisites with regards to the legal requirements for registration with a South African academic institution.

Step 2

Obtain:

  • An official provisional admission letter from Milpark.
  • Proof of medical cover. The relevant South African law states:

"In terms of the Immigration Act No. 13 of 2002 as Amended and its Regulations, any prospective student to the Republic of South Africa, must provide proof of medical cover with a medical scheme registered in terms of the Medical Schemes Act, 1998 Act 131 of 1998."

  • Proof of sufficient funds to cover tuition fees, maintenance and incidental costs.
  • Proof of a cash deposit or bank guarantee equivalent to airfare or transportation costs to the student’s country of origin for repatriation purposes or forfeiture to the state should permit conditions not be complied with.
  • A medical certificate — a clean bill of health is required.

Step 3

Apply for a study permit by submitting Form 1 to the local Department of International Relations/South African Embassy.
The student will need to provide the embassy with an undertaking that they will leave South Africa on completion of her/his studies.

NB: Students should await the outcome of their application prior to making travel arrangements to South Africa.

Step 4

If a student is able to obtain a study permit on time, then they may continue with their application for full admission and registration for their selected modules.

NB: A certified copy of the International student’s passport together with a certified copy of a valid study permit must/will be kept in the student’s record file at Milpark Education. If a student is unable to obtain a study permit on time, then they must postpone their programme until the date on which they are in possession of a study permit.

 

International Admission Application Click Here