School of Financial Planning & Insurance

Milpark Education's School of Financial Planning and Insurance offers qualifications and short courses in financial planning, financial planning products and short-term insurance. 

The academic experts at the School combine their knowledge attained from formal studies with industry experience to design and deliver relevant qualifications from NQF 4 to NQF 8 (postgraduate level).

The School regularly consults with industry, and collaborates with professional bodies like the Financial Planning Institute of Southern Africa (FPI) and the Insurance Institute of South Africa (IISA), both of which endorse the School's range of qualifications.

Our Postgraduate Diploma in Financial Planning satisfies the educational requirement for the prestigious CFP® Professional designation.

Qualifications are offered through distance education with full online support and exam venues across the country.

More about Milpark's School of Financial Planning & Insurance

Courses

 
 
 
 

Frequently Asked Questions

Milpark provides study material or support material on its qualifications. However, for some modules, students are required to purchase additional prescribed study material. Please refer to the qualification-specific pages for information per qualification.

Students registered for the qualifications on NQF 6 or higher, may also be expected to acquire a financial calculator such as the HP10B2. 

WHAT ARE THE TECHNOLOGICAL REQUIREMENTS?

You will further need continuous (daily) access to study and to submit and receive your assignments.

Minimum system requirements:

  • 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.  

The lecturers responsible for the finacial planning qualifications hold at least a Postgraduate Diploma in Financial Planning, and are all Certified Financial Planning® professionals. The lecturers responsible for the short-term insurance qualifications hold at least a qualification which is one NQF level higher than the qualifications on which they work. The lecturers, who all specialise in the field of short-term insurance, are also Fellows of the IISA.

All of the School's lecturers have practical experience within the financial services industry.

We also make extensive use of a panel of industry experts to ensure that we maintain a practical and relevant approach. 

The career options vary, and depend on the qualification completed. They include the ability to be self-employed or start your own business, as well as opportunities to work within a small business or be employed within various roles by large corporates. 

Financial advisers, personal financial consultants, financial planners, financial coaches, administrators, insurance brokers, accountants, broker consultants, call centre agents, legal advisers, para-planners, etc., all benefit from studying towards our qualifications.

The fact sheets provided per qualification provide more information on the FSP categories and the product sub-categories in which each of the qualifications are recognised. This can also be confirmed on the FSB website.

According to the Financial Planning Institute, "the CFP® designation is internationally recognised as the benchmark for professional advice. Holders of this designation have met stringent qualification and competency requirements as well as abide by unequivocal ethical standards. This means that not only will you have peace of mind regarding the technical accuracy of the advice but also the integrity that underpins it”. The Financial Planning Institute of Southern Africa is the marks licensing authority for the CFP Marks in South Africa through agreement with the Financial Planning Services Board.
Milpark students have access to industry experts for support. The tutors are available via email or the online tutor forums.

Milpark Education offers various support options for the regulatory examinations, but is not an examination body for the regulatory exams. The Milpark support offering includes practice exams, study material and workshops specifically aimed at corporate clients or groups.

Please contact the examination bodies directly to register for the Regulatory Exams. 

More information is available on www.fsb.co.za

The Financial Planning Institute prescribes the following certification requirements:

  • Qualification: CERTIFIED FINANCIAL PLANNER® Professionals must have obtained a BCom Honours in Financial Planning or a Postgraduate Diploma in Financial Planning at one of the approved higher education institutions.
  • Examination: CERTIFIED FINANCIAL PLANNER® Professionals must successfully complete a comprehensive certification examination, at a postgraduate level, which tests an individual's knowledge on various key aspects of financial planning.
  • Experience: CERTIFIED FINANCIAL PLANNER® Professionals must gain at least three years of financial planning-related experience before receiving the right to use the CFP® certification mark.
  • Ethics CERTIFIED FINANCIAL PLANNER® Professionals must voluntarily subscribe to FPI's Code of Ethics and Professional Responsibility and additional requirements as mandated. CFP® practitioners who violate the code can be disciplined, including permanent loss of the right to use the CFP® designation.

(Information obtained from: http://www.fpi.co.za/YourFinancialPlanning)

The qualification requirement is influenced by the type of Financial Services Provider in which the representative operates. It would be best to contact your compliance officer, or speak to your manager to ensure that you understand what the minimum qualification requirements are for the product sub-categories for which you are registered. 

More information can also be obtained from the Financial Services Board’s website.

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.

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.

An average of at least 60% on NQF Level 6 is a pre-requisite to be considered.

Full details of employment, as well as a detailed curriculum vitae, are required. 

The qualification requirement and the requirement to complete the first level of regulatory exams are two separate requirements in terms of the FAIS Act's Fit and Proper requirements. One cannot replace the other.

Also, for an exemption to be considered, the institution must be accredited by the Council on Higher Education (CHE), and the qualification must be registered with the South African Qualifications Authority (SAQA).

The completion of the regulatory exams will therefore not be considered for exemption purposes on any of the qualifications offered by Milpark Education's School of Financial Planning and Insurance.