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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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.
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; Retirement and Investment Planning; Financial Planning Income | Long-term Insurance |
| Health Planning | Health Services Benefits |
| Personal Lines Insurance | Short-term Insurance: Personal Lines |
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.
The programme would be suitable for:
Successful completion of this qualification should enable the student to:
| 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 1 | 15 | |
| Health Planning | Semester 2 | 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. | |||
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.
Any applicant who has a certificate other than a South African
National Senior Certificate has to provide:
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: 2 February 2024 |
| Registrations Close: 20 February 2024 |
| Semester 2 |
|---|
| Admissions Close: 28 June 2024 |
| Registrations Close: 29 July 2024 |
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?