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.

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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.
CPD Courses Pricing Duration CPD points
Administration of Deceased  R270 6 hours 6
Advanced Employee Benefits and Tax  R270 6 hours 6
Consequences of Non-Disclosure   R270 2 hours 2
Constructing a Client Portfolio  R270 2 hours 2
Cost of Customer Care in Short-term Insurance  R270 2 hours 2
Cultural Diversity in Financial Planning  R270 2 hours  2
Disability Cover  R270 2 hours 2
Divorce and Estate Planning  R270 2 hours 2
Divorce and Retirement Fund Benefits  R270 2 hours 2
Employee Benefits and Client Engagements  R270 2 hours  2
Employee Benefits and Dispute Resolution  R270 2 hours  2
Employee Benefits and Tax  R270 2 hours 2
Employee Benefits: Risk and Structuring of Risk Benefits R270 2 hours 2
Estate Planning: Succession Planning for Businesses  R270 2 hours 2
Ethical Investments  R270 2 hours 2
Ethics for Financial Planners R270 2 hours 2
FICA: Annual update  R270 6 hours 6
Fraud Detection and Prevention  R270 6 hours 6
Fundamentals of Business Interruption Insurance R270 2 hours 2
Global Investment Strategies  R270 2 hours 2
Health Services Benefits Refresher  R270 6 hours 6
How Banks Generate Income  R270 6 hours 6
Introduction to Agriculture Insurance  R270 2 hours 2
Introduction to Aviation Insurance   R270 2 hours 2
Introduction to Engineering Insurance   R270 2 hours 2
Introduction to the Fire Insurance Classes R270 2 hours 2
Introduction to Liability Insurance   R270 2 hours 2
Introduction to Marine Insurance  R270 2 hours 2
Introduction to Motor Insurance  R270 2 hours 2
Introduction to Rail Insurance  R270 2 hours 2
Introduction to Transportation Insurance R270 2 hours 2
Investment Planning  R270 6 hours 6
Investment Planning and the Economy  R270 2 hours  2
Investment Planning for Business Owners R270 2 hours 2
Investment Planning Products  R270 6 hours 6
King IV and Retirement Funds  R270 2 hours 2
Law Impacting on Estate Planning and Trusts R270 6 hours 6
Legal Expenses  R270 2 hours 2
Managing Risk in a Client’s Portfolio  R270 2 hours 2
Marital Regimes  R270 2 hours 2
Medical Scheme Performance  R270 2 hours  2
Ombud's Cases and Ethical Considerations R270 2 hours 2
Overview of Changes in the Financial R270 2 hours 2
Planning Environment R270 2 hours 2
Parametric Insurance R270 2 hours 2
Pension Fund Regulations   R270 2 hours 2

 

Personal Lines Insurance for High-net Worth Individuals R270 2 hours 2
Post-Retirement Planning  R270 2 hours 2
Practice Management  R270 6 hours 6
Pre-Retirement Planning R270 2 hours 2
Presentation Skills for Financial Planners   R270 2 hours 2
Regulation in Banking  R270 6 hours 6
Regulation 28 In-fund Investment Management   R270 2 hours 2
Report Writing for Financial Planners   R270 2 hours 2
Retirement Fund Governance  R270 2 hours 2
Retirement Funds and Risk Management  R270 2 hours 2
Retirement Planning: Lump-Sum Tax at Retirement R270 2 hours 2
Retirement Planning: Tax on Death   R270 2 hours 2
Retirement Planning: Tax on Withdrawal FPI  R270 2 hours 2
Risk and Business Assurance  R270 6 hours 6
Risk Management Considerations for a Financial Planning Practice R270 2 hours 2
Risk Planning Products  R270 6 hours 6
Risk Planning: Understanding the Risk Planning Process  R270 2 hours 2
Section 14 Transfers: Process and Pitfalls  R270 2 hours 2
Section 37C Disposal of Death Benefits  R270 2 hours 2
Shari’ah Compliant Estate Planning  R270 2 hours 2
Short-term Insurance  R270 6 hours 6
Social Media Use  R270 6 hours 6
Social Media Use for Key Individuals   R270 2 hours 2
Social Media Use for Financial Planners  R270 2 hours 2
Tax and Investments  R270 2 hours 2
Tax and Retirement Funds R270 6 hours 6
Tax Benefits of Retirement Planning  R270 2 hours 2
Tax Deductions of Retirement Fund Contributions  R270 2 hours 2
Tax Planning for Businesses   R270 2 hours 2
Taxation Applicable to Estate Planning and Trusts  R270 6 hours 6
Tax-free Savings Accounts in Financial Planning  R270 2 hours 2
The Future of Banking  R270 6 hours 6
The Investor and Investment Planning Fundamentals   R270 6 hours 6
The POPI Act R270 2 hours 2
The Regulatory Requirements for Replacements FPI  R270 2 hours  2
Trusts and Estate Planning  R270 2 hours 2
Types of Business Entities  R270 2 hours  2
Umbrella Funds Options, including Costing R270 2 hours  2
Semester 1 & 2
Admissions are always open.

 

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