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FAIS Fit and Proper

FAIS Fit and Proper. 20 September 2007. Implementation of the project. The INSETA FAIS Fit and Proper Project will be implemented in two phases: Phase 1: National Assessment in November 2007 Phase 2: Curriculum, Learning Material, RPL Tools and National Assessment. National Assessments.

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FAIS Fit and Proper

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  1. FAIS Fit and Proper 20 September 2007

  2. Implementation of the project • The INSETA FAIS Fit and Proper Project will be implemented in two phases: • Phase 1: National Assessment in November 2007 • Phase 2: Curriculum, Learning Material, RPL Tools and National Assessment

  3. National Assessments • The first National Assessment will “follow” a similar format and process as that done in 2004 • The various “papers” will cover unit standards not covered in 2004

  4. Unit Standards – written in 2004 • Long Term A (category 1) [minimum 60 credits] • Long Term B [minimum 60 credits] • Long Term C [minimum 60 credits] • Short Term Personal [minimum 30 credits] • Short Term Commercial [minimum 60 credits] • Pension Fund Benefits [minimum 60 credits] • Retail Fund Benefits [minimum 60 credits] • Collective Investments [minimum 60 credits] • Health Benefits [minimum 60 credits] • Friendly Societies [minimum 30 credits]

  5. Assessments • The questions will be designed in the form of case studies with a multiple choice selection • The content of the case studies will assess – in a rigorous and responsible way – knowledge, cognitive skills, analytical skills, logical thought, etc. • The educational integrity will underpin the design of the assessments

  6. INSETA’s Learning Provider partner • Imfundo • Craig Duff, CEO • Ronél Burger, Managing Director • Presentation of the Assessments in November

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