School of Financial Planning & Insurance

Continual Professional Development

The Milpark School of Financial Planning & Insurance offers the latest in Continuous Professional Development (CPD). These online courses are designed with the practitioner 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 Continuous Professional Development (CPD) training by the Financial Planning Institute of South Africa.

Start your learning journey

Apply now

NQF Level

N/A

SAQA

N/A

Minimum Credits

N/A

WHAT IS A CPD ACTIVITY?

This is an activity that is, accredited by a Professional Body; allocated an hour value or a part thereof by that Professional Body; and verifiable. It excludes an 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.

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

 

CONTINUOUS PROFESSIONAL DEVELOPMENT

Continuous Professional Development, as a competency requirement of the FAIS Act’s Fit and Proper Requirements, aims to ensure that financial services providers, key individuals and representatives maintain their required competence. The CPD cycle runs from 1 June to 31 May of every year.

The following table sets out the requirements*:

An FSP, key individual and representative who renders, manages or oversees financial services in respect of:  Minimum hours of CPD activities to be completed per CPD cycle:
A single sub-class of business within a single class of business 6 hours
More than one subclass of business within a single class 12 hours
More than one class of business  18 hours

*Requirements as set out in BN194 of 2017 

Milpark Education offers a bouquet of two-hour, six-hour and four-week online short courses relevant to the functions of the FSP, KI and Representative.

COURSES AIM TO:

  • Contribute to knowledge, expertise, ethical and professional standards, or
  • Increase technical knowledge, or
  • Provide generic knowledge and understanding of the financial services environment and regulation, or
  • Provide updates on changes in the economic or the regulatory environment.

WHAT YOU WILL GET WHEN REGISTERING FOR A MILPARK ONLINE SHORT COURSE:

  • Access to online course page with online material
  • Depending on the topic:
    • Videos from industry experts guiding you through complex aspects of the material
    • Activities to complete to assess your own understanding and progress
    • Three attempts at the online assessments.
  • Online verifiable certificate available within 24 hours of completion.
  • Submission of the acquired CPD points to the relevant professional body.

 

List of Modules
Financial Planning Courses   
Online Short Course: Administration of Deceased Estates (CPD) ADME1-OS
Online Short Course: Consequences of Non-Disclosure (CPD)  CONND1-OS
Online Short Course: Constructing a Client Portfolio (CPD)  CCPOR1-OS
Online Short Course: Cultural Diversity in Financial Planning (CPD)  CDFPL1-OS
Online Short Course: Disability Cover (CPD)  DISCO1-OS
Online Short Course: Employee Benefits and Client Engagements (CPD)  EBCEN1-OS
Online Short Course: Employee Benefits: Risk and Structuring of Risk Benefits (CPD) EMBEN1-OS
Online Short Course: Ethical Investments (CPD)  EINVE1-OS
Online Short Course: Ethics Cases for Financial Planners (CPD)  ECAFP1-OS
Online Short Course: FICA Annual Update (CPD)  FICAU1-OS
Online Short Course: Forex Investments (CPD)  FINV2C-OS
Online Short Course: Fraud Detection and Prevention (CPD)  FDPREV-OS
Online Short Course: Global Investment Strategies (CPD)  GISTR1-OS
Online Short Course: Health Services Benefits (CPD)  HSBEN2C-OS
Online Short Course: Investment Planning (CPD)  INPLA1-OS
Online Short Course: Investment Planning for Business Owners (CPD)  IPLBU1-OS
Online Short Course: Investments (CPD)  IVES2C-OS
Online Short Course: Long-term Insurance (CPD)  LINS2C-OS
Online Short Course: Pension Fund Benefits (CPD)  PBEN2C-OS
Online Short Course: Practice Management (CPD)  PMANA1-OS
Online Short Course: Regulatory Requirements for Replacements (CPD)  RRREP1-OS
Online Short Course: Risk and Business Assurance (CPD)  RBINS1-OS
Online Short Course: Short-term and Long-term Deposits (CPD)  STLD2C-OS
Online Short Course: Short-term Commercial Lines (CPD)  STCO2C-OS
Online Short Course: Short-term Personal Lines (CPD)  STPE2C-OS
Online Short Course: Social Media Use (CPD)  SMEDU1-OS
Online Short Course: Social Media Use for Financial Planners (CPD)  SMUFP1-OS
Online Short Course: Social Media Use for Key Individuals (CPD)  SMUKI1-OS
Online Short Course: Structured Deposits (CPD)  SDEP2C-OS
Online Short Course: Tax and Retirement Funds (CPD)  TACRF1-OS
Online Short Course: Tax-free Savings Accounts in Financial Planning (CPD)  TSAFP1-OS
Online Short Course: The POPI Act (CPD)  POPAC1-OS

 

Short-term Insurance Courses  
Online Short Course: Cost of Customer Care in Short-term Insurance (CPD)  CCCSTI-OS
Online Short Course: Personal Lines Insurance for High-net Worth Individuals(CPD)  PLIHWI-OS
Online Short Course: Short-term Insurance (CPD)  STINS1-OS
Online Short Course: Fundamentals of Business Interruption Insurance (CPD)  FBIINS1-OS
Online Short Course: Parametric Insurance (CPD)  PARAI1-OS
Online Short Course: Protection of Personal Information Act  POPAC1-OS
Online Short Course: Introduction to Fire Insurance Classes  IFICL1-OS
Online Short Course: Introduction to Transportation Insurance  ITRAI1-OS
Online Short Course: Introduction to Engineering Insurance  IENGI1-OS
Online Short Course: Introduction to Liability Insurance  ILIAI1-OS
Online Short Course: Introduction to Motor Insurance  IMINS1-OS
Online Short Course: Legal Expenses  LEGEX1-OS
Online Short Course: Introduction to Aviation Insurance  IAVII1-OS
Online Short Course: Introduction to Marine Insurance  IMARI1-OS
Online Short Course: Accident & Health Insurance  ACCHI1-OS
Online Short Course: Introduction to Agriculture Insurance  IAGRI1-OS
Online Short Course: Drone Insurance  DROIN1-OS
Online Short Course: Personal Motor Insurance  PEMIN1-OS
Online Short Course: Call Centre Training  CACET1-OS
Online Short Course: Personal All Risks  PARIN1-OS

 


Banking and Investment Short courses  
Online Short Course: The Future of Banking (CPD)  ​ FUTBAN-OS
Online Short Course: How Banks Generate Income (CPD)  BGENIN-OS
Online Short Course: Regulation in Banking (CPD)  REGUBA-OS

 

List of Class of Business training content offered for the purpose of meeting the CPD requirements of the FAIS Act
Course Name  Course Code  Accreditation Body:  Duration  CPD points
Forex Investments  FINV2C-OS  FPI  4 hours ​ 4
Health Services Benefits  HBEN2C-OS  FPI  7 hours  7
Investments  IVES2C-OS  FPI  7 hours  7
Long-term Insurance  LINS2C-OS  FPI   10 hours 10
Pension Fund Benefits  PBEN2C-OS  FPI  4 hours  4
Short-term and Long-term Deposits  STLD2C-OS  FPI  7 hours  7
Short-term: Commercial Lines  STCO2C-OS  FPI   7 hours 7
Short-term: Personal Lines   STPE2C-OS FPI  6 hours  6
Structured Deposits  SDEP2C-OS  FPI  6 hours
Semester 1 & 2
Admissions are always open.

 

Downloads

Information Pack