Training and Compliance

Class of Business training

Class of Business training refers to generic knowledge relevant to a particular product market and business sector. The competency requirements as set out in the FAIS Act (BN 194 of 2017) requires of financial services providers, key Individuals and representatives to complete class of business training. Class of Business training, as of 1 August 2018, becomes a requirement.

 

Who should do class of business?

As stated in the Revised Fit and Proper Requirement, representatives who:

  • are still under supervision as of 1 April 2018. The same representatives are required to complete class of business training within 12 months starting from 1 August 2018;
  • were appointed into new product categories, even if appointed before 1 April 2018. They will be required to complete class of business training in respect of those products; and
  • were appointed before 1 April 2018 are exempted from class of business training, but only in respect of products for which they were authorised before 1 April 2018.

 

Ecsponent, in association with the FPi, is hosting Class of Business training at competitive rates. Contact us to find out more or take advantage of our special offer, which combines Class of Business training with a 35-point CPD package, offered in association with FPi.

 

Class of Business classes offered:

  1. Short-Term Insurance: Personal Lines

Subclasses

1.1 Personal Lines: Accident and health policy
1.2 Personal Lines: Liability policy
1.4 Personal Lines: Miscellaneous policy
1.5 Personal Lines: Motor policy
1.6 Personal Lines: Property policy
1.7 Personal Lines: Transportation policy
1.8 Personal Lines: Short-term reinsurance policy

  1. Short-Term Insurance: Personal Lines

     Subclasses

2.1 Commercial lines: Accident and health policy
2.2 Commercial lines: Engineering policy
2.3 Commercial lines: Guarantee policy
2.4 Commercial lines: Liability policy
2.5 Commercial lines: Miscellaneous policy
2.6 Commercial lines: Motor policy
2.7 Commercial lines: Property policy
2.8 Commercial lines: Transportation policy
2.9 Commercial lines: Short-term reinsurance policy

  1. Long-term Insurance

Subclasses

3.1 Assistance policy
3.2 Life risk policy
3.3 Life investment, policy
3.4 Sinking fund policy
3.5 Long-tern reinsurance policy

 

  1. Pension fund benefits
  1. Short-term and Long-term Deposits
  1. Structured Deposit
  1. Investments

Subclasses
7.1 Shares
7.2 Money market investments
7.3 Debentures and securitised debt
7.4 Bonds
7.5 Derivative instruments, warrants, certificates or other instruments
7.6 Securities and instruments
7.7 Participatory interests in a collective investment scheme
7.8 Participatory interests in a CIS hedge fund
7.9 Retail Pension Benefits

 

  1. Forex Investments
  1. Health Services Benefits

CDP Training courses and webinars offered

The new education requirements set out by the Regulator has introduced significant new challenges for advisors.

As corporate partner of the FPi, Ecsponent Financial Services will host a full-day refresher course on 26 July 2018. By attending, you will gain access to a CPD package that will earn you a total of 35 CPD points before the end of the year. See the list of courses available below.

RSVP to secure your attendance and make use of the special offer to combine this training with Class of Business training at R250 per class. Find out more.

LIST OF CHOICES WEBINAR

2018 ECONOMIC UPDATE 1 WEBINAR RECORDING
2018 RETIREMENT PLANNING 1 WEBINAR RECORDING
2018 BUDGET UPDATE WEBINAR RECORDING
2018 ETHICS 1 WEBINAR RECORDING
2018 ECONOMIC UPDATE 2 WEBINAR RECORDING
2018 PRACTICE MANAGEMENT WEBINAR RECORDING
2018 INVESTMENT PLANNING 1 WEBINAR RECORDING
2018 INVESTMENT PLANNING 2 WEBINAR RECORDING
2018 INVESTMENT PLANNING 3 WEBINAR RECORDING 2018 TAX SEASON WEBINAR RECORDING
2018 ESTATE PLANNING WEBINAR – 13 SEPTEMBER
2018 YOUTH MONTH- PANEL WEBINAR RECORDING
2018 SOFT SKILLS WEBINAR – 5 JULY
2018 THE A TO Z OF SECTION 12J INVESTMENTS – 10 JULY
2018 EMPLOYEE BENEFITS 1 WEBINAR – 12 JULY
2018 RETIREMENT PLANNING 2 WEBINAR – 19 JULY
2018 SHORT TERM WEBINAR – 26 JULY
2018 TRUST EDUCATION 1 WEBINAR – 2 AUGUST
2018 CLIENT ENGAGEMENT - PANEL WEBINAR – 16 AUGUST
2018 EMPLOYEE BENEFITS 2 WEBINAR – 23 AUGUST
2018 ECONOMIC UPDATE 3 WEBINAR – 30 AUGUST
2018 HEALTH CARE BENEFITS WEBINAR – 6 SEPTEMBER
2018 TRUST AND TAX PLANNING WEBINAR – 20 SEPTEMBER
2018 TRUST EDUCATION 2 WEBINAR – 4 OCTOBER
2018 PRACTICE STANDARDS WEBINAR – 18 OCTOBER
2018 RISK PLANNING AND HEALTH - PANEL WEBINAR – 25 OCTOBER
2018 ECONOMIC UPDATE 4 WEBINAR – 22 NOVEMBER
2018 ROBO-ADVICE WEBINAR – 29 NOVEMBER
2018 ETHICS 2 WEBINAR – 6 DECEMBER
2018 TRUST EDUCATION 3 WEBINAR – 13 DECEMBER

As part of our Corporate agreement, we can arrange at a discounted cost the following courses through the FPi – ONLY for our partners!

LIST OF CHOICES ONLINE COURSES
(REGISTRATION IS OPEN FOR ALL COURSES HOWEVER THEY ARE MADE AVAILABLE ON SPECIFIC DATES WHICH ARE LISTED BELOW)

TAX-FREE SAVINGS ACCOUNTS IN FINANCIAL PLANNING - AVAILABLE
THE REGULATORY REQUIREMENTS FOR REPLACEMENTS – AVAILABLE
ETHICAL INVESTMENTS - AVAILABLE
CONSEQUENCES OF NON-DISCLOSURE – 16 JULY
SOCIAL MEDIA USE - WHAT KEY INDIVIDUALS SHOULD KNOW – 16 JULY
TAX DEDUCTIONS OF RETIREMENT FUND CONTRIBUTIONS– 16 JULY
OVERVIEW OF CHANGES IN THE FINANCIAL PLANNING ENVIRONMENT– 16 JULY
SOCIAL MEDIA USE FOR FINANCIAL PLANNERS– 16 JULY
CULTURAL DIVERSITY IN FINANCIAL PLANNING– 16 JULY
REPORT WRITING FOR FINANCIAL PLANNERS– 16 JULY
INCOME TAX AND INVESTMENTS– 16 JULY
DIVORCE AND ESTATE PLANNING– 16 JULY
MARITAL REGIMES– 16 JULY
OFFSHORE INVESTMENTS AND GOVERNANCE – 15 AUGUST
ESTATE PLANNING AND TRUST LAW– 15 AUGUST
DISABILITY COVER– 15 AUGUST
RISK PLANNING: UNDERSTANDING THE RISK MANAGEMENT PROCESS– 15 AUGUST
TAX BENEFITS OF RETIREMENT PLANNING – 15 AUGUST
PRE-RETIREMENT PLANNING – 15 AUGUST
POST-RETIREMENT PLANNING – 15 AUGUST
RETIREMENT PLANNING: TAX ON WITHDRAWAL– 15 AUGUST
RETIREMENT PLANNING: TAX AT RETIREMENT – 15 AUGUST
RETIREMENT PLANNING: TAX ON DEATH – 15 AUGUST
GLOBAL INVESTMENT STRATEGIES - 17 SEPTEMBER
UMBRELLA FUNDS OPTIONS, INCLUDING COSTING - 17 SEPTEMBER
KING IV AND RETIREMENT FUNDS - 17 SEPTEMBER
THE SOUTH AFRICAN RETIREMENT LANDSCAPE - 17 SEPTEMBER
ESTATE PLANNING WITH OFFSHORE EXPOSURE - 17 SEPTEMBER
ESTATE PLANNING: SUCCESSION PLANNING FOR BUSINESSES - 17 SEPTEMBER
OMBUD'S CASES AND ETHICAL CONSIDERATIONS - 17 SEPTEMBER
INVESTMENT PLANNING AND THE ECONOMY - 17 SEPTEMBER
CONSTRUCTING A CLIENT PORTFOLIO - 17 SEPTEMBER
PRESENTING A FINANCIAL PLAN - 17 SEPTEMBER
MEDICAL SCHEME PERFORMANCE - 17 SEPTEMBER
ETHICS FOR FINANCIAL PLANNERS - 17 SEPTEMBER
SECTION 14 TRANSFERS: PROCESS AND PITFALLS - 17 SEPTEMBER
SECTION 37C DISPOSAL OF DEATH BENEFITS - 17 SEPTEMBER
MANAGING RISK IN A CLIENTS PORTFOLIO - 17 SEPTEMBER
RETIREMENT FUNDS AND RISK MANAGEMENT - 17 SEPTEMBER
DIVORCE AND RETIREMENT FUND BENEFITS - 17 SEPTEMBER
SOCIAL SECURITY AND RETIREMENT REFORM - 17 SEPTEMBER
TAX PLANNING FOR BUSINESSES - 17 SEPTEMBER
INVESTMENT PLANNING FOR BUSINESSES - 17 SEPTEMBER
EMPLOYEE BENEFITS AND TAX – 15 OCTOBER
PENSION FUND REGULATIONS – 15 OCTOBER
RETIREMENT FUND GOVERNANCE – 15 OCTOBER
REGULATION 28 IN-FUND INVESTMENT MANAGEMENT – 15 OCTOBER
EMPLOYEE BENEFITS AND DISPUTE RESOLUTION – 15 OCTOBER
EMPLOYEE BENEFITS: RISK RE-BROKING/ STRUCTURING OF RISK BENEFITS, T&C'S – 15 OCTOBER
EMPLOYEE BENEFITS AND CLIENT ENGAGEMENTS – 15 OCTOBER