Qualification For FAIS Credits

If you want to complete the full qualification through RSC OR have various credits from a range of providers and you want to consolidate these and complete the qualification you will need to contact RSC at info@rscnetwork.co.za and then complete the following:

E-forms

Word Document forms:

  • A pre evaluation to ascertain what sort of training or assessment process would best meet your needs.
  • A multiple choice Pre assessment that should be completed under closed book exam condition

1 RSC Application NLRD 2014

2 PRE ASSESSMENT for 120 credits 2014

Please note that the above are electronic WORD forms and you should capture the required information electronically on these forms and mail them back to us.

  •  Please copy these two forms on to your PC and open them and complete them in full, save them and then mail them back to us.
  •  You will require to have MS Office 7 or later to be able to complete these documents electronically.
  •  If you are unable to complete the electronic copies print and complete in black ink and mail them back to us with certified copies of your certificates.

We will use this evaluation and pre-assessment forms to assess your situation and needs and advise which programs would best meet these needs.

Declaration

Please complete and then print and get the mentor to sign the following document and scan and mail this back to us with the other documents

3 Pre program Declaration 2013 NEW

Electronic Submission

When you are ready to submit your forms and documents for the pre assessment/evaluation please submit these all together at one time and do not send them to us piecemeal as they tend to get lost in this process and will cause delays.

You will supply us with your electronic forms completed above and scanned or electronic copies of the following documents. These are required to enable us to complete the pre-evaluation and to enrol you onto the INSETA System.  These Include:

  • Electronic copy of completed NLRD form or scan of form completed manually
  • Electronic copy of completed multiple choice pre assessment and evaluation or scan of form completed manually
  • Certified Copy of your ID document
  • Certified Copy of your Matric certificate – if you do not have a matric certificate contact us and we will advise you of the process.
  • Copy of for CV providing details of your experience in the industry
  • Certified Copies of and Certificates, Diplomas or Qualifications
  • Copy of the RSC declaration signed and completed by learner and mentor.  This is very important as it is a RSC and INSETA requirement.

Qualification

The program we offer is a National Certificate: Wealth Management at NQF level 5 which is quality assured by INSETA and the SAQA ID is 57608 / 66611. The program we run is aimed a general practitioner financial planners who are registered with the FSB as CAT C, personal retirement and investments who provide a full range of financial planning advice. The qualification requires 120 credits to complete and our program covers 156 credits to ensure the full range of financial planning is covered.

BL: Naturally Accruing Evidence

One of the options we offer is an RPL ( recognition of Prior Learning) assessment which is made up of a portfolio of evidence (based on naturally occurring evidence of real client files and documentation), an interview based on the content of the portfolio and a closed book, summative-assessment. This is only available to people who are very experienced in a wide range of financial planning which would include the full range of financial planning – protection planning, investment planning, estate planning, retirement planning and tax planning. It is limited to people who have 5 to 10 years experience in the above areas of planning.

This is purely an assessment and we do not offer any tuition or learning interventions as the person being assessed should have developed this knowledge and skill over the years form past experience hence the title of RPL

BL: Self Study

For people with less or limited experience or those who do not qualify in time or level of knowledge we offer blended learning which blends RPL, self study, research of current affairs, completion of portfolio of evidence based on a practical case study or naturally occurring evidence, practice of skills in the work place and telephonic coaching.   The learner is provided with a very large assignment to complete in the work place, research projects and a case study to complete. This is submitted and assessed as the formative assessment and feedback is provided for resubmissions of sections if required.

The learner will receive feedback on this portfolio and may contact the assessor for explanation telephonically or by e-mail if required. These is a limit to the time allocated for each learner in this regard.

The learner will then write a closed book summative assessment under exam conditions as the final or summative assessment.

 BL Facilitated or Full training program

At the other end of the spectrum a full training program with class room interventions, self study, research, case studies are made available for learners new to the industry who have limited or little knowledge of the industry due to their lack of experience. The learner is provided with a very large assignment to complete in the work place, research projects and a case study to complete. This is submitted and assessed as the formative assessment and feedback is provided for resubmissions of sections if required.

The learner will receive feedback on this portfolio and may contact the assessor for explanation telephonically or by e-mail if required. These is a limit to the time allocated for each learner in this regard.

The learner will then write a closed book summative assessment under exam conditions as the final or summative assessment.

RSC Pre assessment or training needs analysis

We ascertain for a learner which of the above methods should be applied to a learner by getting all prospective learners to complete the pre evaluation and pre assessment sent to you as this is my “needs analysis” is used to ascertain which of these methods would best meet the needs of the learner. So if you would get your people to complete and submit these along with the documentation requested – ID, copies of credits or qualifications which must be certified.

We will be able to provide you with feedback as to which of these approaces would aligned to your needs. The costs would differ based on the type of program used, number of credits cllurrently held that can be applied to this qualification and the credits or experience that could be used in the RPL process.

Duration would range for 3 to 6 weeks assessment for RPL to a three to 6 month period for the blended learning process and 20 days in the class room, periods of self study and work place assignments over a 12 to 18 month period for the full training program. Shorter programs can be organized if the skills and knowledge levels are present

Costs

Cost for the above solutions can range from R12 600 to R22 000 + VAT depending on the program being used and the number of credits to be completed.  This could be reduced further if the learner has existing credits from another provider.

We will advise the cost per learner once the needs analysis has been completed as the pricing will depend :

  • Number of credits being completed
  • Type of program being used – Full program, Self study or RPL
  • Level of the learners knowledge and experience

 RSC process

The process to complete this program would be to:

  1. Complete the pre-evalution form/pre assessment
  2. Send them to RSC for assessment
  3. Assessed by RSC who will recommend ideal programs for each of the learners and send through quotes and report for the suggested programs
  4. Invoice sent to client and payment received
  5. Material sent out to learner
  6. Attend training, complete self study or blended learning or complete POE submission for RPL( Recognition of Prior Learning)
  7. Submission of portfolio of evidence
  8. Feedback and resubmissions if required
  9. Completion of closed book summative or knowledge assessment under exam conditions
  10. Assessment of above and report sent to learner
  11. Resubmission of any areas which were found to be NYC(Not yet Competent)
  12. Assessment of resubmission
  13. Final assessment report to learner
  14. Moderation of results by external moderator
  15. Verification by INSETA and up load onto the NLRD( National Learner Data Base) by RSC.
  16. Issue of statement of credits by RSC as required by FSB
  17. Certificate Issued by INSETA if learner has completed full qualification – this is usually 3 months after verification

Please note that there is a charge of R500 for this pre assessment/evaluation but this amount will be waived if you use RSC to achieve your credits to complete the qualification.