About the Programme
These online programmes 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.
The CPD cycle runs from 1 June to 31 May of the following year. Milpark Education offers a bouquet between two to 15 hour online short programmes relevant to the functions of the FSP, KI and Representative:
- Financial Planning Programmes
- Short-term Insurance Programme
- Banking and Investment Short programmes
The competency requirements, as set out in the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002) [FAIS Act (BN 194 of 2017)], require financial services providers, key individuals and representatives to complete continuous professional development (CPD). The CPD “Activity” means an activity that is:
- accredited and tracked by a Professional Body;
- allocated an hour-value by that Professional Body;
- verifiable, and excludes an activity performed towards a qualification; and
- product-specific training.
Programme Structure
The course is self-paced, and the duration will depend on your time availability up to a maximum of 12 months. If you do not complete all your assessments within the 12-month period, you will be required to reapply for admission onto the course and repeat ALL the tests (even those you passed).
A short course certificate of completion will be issued, provided that you meet the minimum requirements for certification for the specific course. On completion of the course, you will be awarded CPD points as accredited by the FPI (Financial Planning Institute of Southern Africa) or the IISA (Insurance Institute of South Africa), a Professional Body as defined in BN194 of 2017. Students who owe the institution money will not receive any correspondence with regard to completion of their short course; nor will they be issued a certificate until the account has been paid in full.
