School of Financial Planning & Insurance

Higher Certificate in Financial Planning

Are you requiring a full qualification to meet the competency requirements for FAIS Fit and Proper purposes? Would you like to increase your knowledge of financial planning? Or are you wanting to apply for the designation of Registered Financial Planner™ awarded by the Financial Planning Institute of Southern Africa? If you answered yes to any of the above questions, then you should consider enrolling in Milpark Education’s Higher Certificate in Financial Planning.

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NQF Level

5

SAQA

96751

Min Credits

120

The majority of South Africans are in desperate need of sound financial planning, creating a demand for knowledgeable financial advisers who have the necessary skills to identify, prioritise and assist clients to address these needs. 

The Higher Certificate in Financial Planning will equip you with the requisite knowledge and skills to operate ethically and responsibly as financial advisers, and to be able to respond to the challenges of the economic environment and the changing nature of the financial services industry.

In addition, the Higher Certificate in Financial Planning appears on the Financial Services Board's list of recognised qualifications for FAIS Fit and Proper Requirements, and applies to all product sub-categories for Category I Financial Services Providers.

DESCRIPTION AND PROGRAMME PURPOSE

The primary purpose of the Higher Certificate in Financial Planning is to equip students with the knowledge and skills they need to operate ethically and responsibly as financial advisers, and to be able to respond to the challenges of the economic environment and the changing nature of the financial services industry.

The Higher Certificate in Financial Planning appears on the Financial Sector Conduct Authority’s (FSCA) list of recognised qualifications for FAIS Fit and Proper purposes. On completion of selected modules, students can apply to receive a letter of completion for Class of Business training as per BN194 of 2017 under/as per the  FAIS Act.

 

Module(s) completed  Class of Business Training completed
Risk Planning and Retirement and Investment Planning and Financial Planning Income Tax and Introduction to Financial Planning Environment  Long-term Insurance
Health Planning  Health Services Benefits
Personal Lines Insurance  Short-term Insurance: Personal Lines
1 Previously the Certificate in Financial Planning.  

 

Milpark is a Financial Planning Institute of Southern Africa (FPI)-accredited education provider and the Higher Certificate in Financial Planning is an approved programme. The Milpark Higher Certificate in Financial Planning addresses the academic qualification requirements for the designation of Registered Financial PlannerTM (RFPTM) professional awarded by The Financial Planning Institute of Southern Africa.

On completion of this qualification, students will be eligible to apply to the FPI for the RFPTM professional designation, provided that they also meet all other requirements.

WHO SHOULD ENROL

The programme would be suitable for:

  • Persons requiring a full qualification to meet the competency requirements for FAIS Fit and Proper purposes.
  • New entrants to the insurance/financial planning industry who want to gain knowledge.
  • Persons wanting to apply for the designation of Registered Financial Planner™ (RFP™) awarded by the Financial Planning Institute of Southern Africa.

PROGRAMME OUTCOMES

Successful completion of this qualification should enable the student to:

  1. Demonstrate an understanding of the regulatory environment applicable to the financial planning environment.
  2. Demonstrate an understanding of the financial planning process.
  3. Have a functional knowledge of the different products offered within the financial planning environment.
  4. Have a functional knowledge of income tax as it applies to clients and the financial planning products they have.

PROGRAMME STRUCTURE

Module name  Offered in  C/E Credits
Introduction to Financial Planning Environment  Both semesters  Compulsory 15
Risk Planning  Both semesters  Compulsory 30
Retirement and Investment Planning   Both semesters  Compulsory 30
Financial Planning: Income Tax  Both semesters  Compulsory 15
Basic Principles of Business Financial Planning   Both semesters Electives –
select two
15
Retirement Funds  Semester 1 15
Wills and Administration of Deceased Estates  Semester 2 15
Health Planning   Both semesters 15
Personal Lines Insurance   Both semesters  25
Relationship Marketing for Financial Planners Both semesters 15
Retirement Funds Administration 

Semester 2

15
Total*   120
* Retirement Funds Administration (elective, semester 2, 15 credits) is available on corporate request with a minimum of 25 students.

Admission requirements

For entry into the Higher Certificate, candidates require a Senior Certificate (SC) or a National Senior Certificate (NSC), as certified by Umalusi, with a minimum mark of 40% in English, the language of instruction at Milpark Education.

Other certificates

Any applicant who has a certificate other than a South African

National Senior Certificate has to provide:

  • a SAQA Certificate of Equivalence, if they want to enrol for a Higher Certificate, Advanced Certificate, Diploma or Postgraduate qualification (www.saqa.org.za)
  • or a USAF Exemption Certificate, if they want to enrol for a Bachelor’s degree (https://mb.usaf.ac.za/).

Recognition of Prior Learning (RPL) applications

Milpark admits a small number of students onto its programme via Recognition of Prior Learning (RPL). Applicants interested in applying via RPL will be considered individually by the relevant Head of School.

Semester 1
Admissions Close: 28 January 2022
Registrations Close: 11 February 2022

 

Semester 2
Admissions Close: 1 July 2022
Registrations Close: 15 July 2022

 

What's next after this?

With your Higher Certificate in hand, why not continue your learning journey with us and apply to do an Advanced Certificate in Financial Planning or BCom degree majoring in Financial Planning?