2012 MTC LEARNER ORIENTATION MANUAL - …

1 LEARNER ORIENTATION MANUAL 1. LEARNER ORIENTATION MANUAL . WELCOME! Welcome to the Masifunde Training Centre! We are here to offer you knowledge and skills the keys to fulfilling your potential! AIM OF MANUAL . The aim of this learners ' MANUAL is threefold: to introduce you, the LEARNER , to the Masifunde Training Centre and all the processes and procedures which make up the Centre's daily life wherever training takes place to introduce you to all the aspects of the learning strategy and processes of the course you are about to embark upon to provide you with a reference MANUAL the first place to look for answers before having to look for other forms of guidance. (As this is a new learning experience and because you will be exposed to many new words and terms which are unfamiliar, we have also included a glossary for you at the back of this MANUAL ).

2 Masifunde Training Centre 2015/2016. LEARNER ORIENTATION MANUAL 2. TABLE OF CONTENTS. INTRODUCTION .. 3. Benefits of studying .. 3. THE MASIFUNDE TRAINING 7. METHODS OF DELIVERY .. 10. THE LEARNING STRATEGY AND PROCESS .. 11. Facilitation role .. 11. Important Role of Evidence .. 11. Critical Cross Field and Developmental Outcomes .. 15. Working together .. 15. ASSESSMENT STRATEGY .. 16. Recognition of Prior Learning (RPL) .. 18. MODERATION AND VERIFICATION PROCESS .. 19. APPEALS PROCEDURE .. 20. USEFUL REFERENCE 21. WEBSITE ADDRESSES THAT YOU MAY FIND USEFUL .. 22. CONCLUSION .. 27. GLOSSARY .. 28. Some Education and Training Terminology .. 28. Some Sector-Related Terminology .. 29. ANNEXURE A.

3 31. ANNEXURE B .. 32. Masifunde Training Centre 2015/2016. LEARNER ORIENTATION MANUAL 3. INTRODUCTION. We promise As the Masifunde Training Centre, we promise to do everything in our means to help you to get the best out of this learning experience to assist you to be empowered by the greatest self-empowerment tools, knowledge and skills. After all, learning is forever - it is a lifelong experience. Our commitment is to facilitate your learning experience and to offer a helping hand whenever you find yourself in a place where you need help. Your commitment In order to be able to reap the full benefits of this opportunity, this experience will ask you to also put a lot of yourself into the course.

4 It is important to always keep in mind the reason that you have embarked on this journey and always keep the your goals in mind For the LEARNER : Benefits of studying Access to national Qualifications Theoretical training (also practical if on a Learnership). Personal development Enhanced self-esteem, career prospects and market value Funded learning event (INSETA and company sponsorships). For the employer: Well trained and skilled employees More professional service to clients Increased productivity and profitability Funded learning event (Learnerships/Skills Programmes) and tax incentives For the Nation: A skilled workforce Increased global competitiveness Economic growth and development Masifunde Training Centre 2015/2016.

5 LEARNER ORIENTATION MANUAL 4. Of course, your qualification will be extremely Fit and Proper important to you in the regulated financial services industry, as the Financial Services Board (FSB) will not allow representatives/advisors to operate in the industry if you are not Fit and Proper to do so. The background for this major change in the Financial FAIS Act Services Industry is the Financial Advisory and Intermediary Services (FAIS) Act No 37 of 2002. If you wish to continue to be able to give advice Fit and Proper regarding any financial product as defined in the FAIS. Requirements Act, you have to have the necessary qualification or sufficient NQF credits as defined to be able to do so. There are different qualification requirements for different appointment dates.

6 By way of example, as the legislation stands at present, if you joined any authorized FSP as a key individual or representative and wish to give advice: Representatives appointed up until 31 December Appointment Dates 2007: Must meet the old fit and proper requirements as per BN 91 of 2006. 31. December 2009. Representatives appointed between 1 January 2008. and 31 December 2009: This group has a choice between the following options: Option 1: Meet the old fit and proper requirements as per BN 91 of 2006 by 31 December 2011. Option 2: Meet the new fit and proper requirements, Masifunde Training Centre 2015/2016. LEARNER ORIENTATION MANUAL 5. select a full qualification from the list of recognised qualifications (Board Notice 105 of Entry level 2008, Annexure 2) by 31 December 2013.

7 Requirements Entry level requirements Category I and IV entry level requirement: Matric, Grade 12 or an equivalent Category II, IIA and III entry level requirement: Relevant Bachelor's Degree or equivalent. Beyond 2010 Beyond 2010: Only the new fit and proper requirements apply. This would mean that: Category I and IV. * Entry level requirement: Matric, Grade 12 or an equivalent qualification * Obtain a full qualification from the list of recognised qualifications as per Board Notice 105 of 2008, within 5 years of appointment / approval Category II, IIA and III. * Entry level requirement: Relevant Bachelor's degree or equivalent from the list of recognised qualifications (as per Board Notice 105 of 2008, Annexure 2).

8 New Legislation will encourage new and existing entrants to the financial services sector to continue to obtain higher qualifications as remuneration will be linked to levels of professionalism. Just as professionals (qualified CFP levels) to look after people's financial health. Government Input Recently, the SA Government has directed much energy and funds to pass legislation to ensure that skills development becomes a priority in this country. Masifunde Training Centre 2015/2016. LEARNER ORIENTATION MANUAL 6. Most employers are required to pay an amount of 1%. of their monthly payroll across to the national Skills Fund (NSF) and to the relevant Sectoral Education and Training Authorities (SETA's) to fund this huge skills development drive.

9 Your Career A career in the Insurance Industry can be one of the most rewarding careers. There are so many different career opportunities to choose from within this dynamic business sector. If you become well trained and skilled at it, a career in Personal Financial Planning or Insurance Salesmanship can be particularly rewarding for the following reasons: There is virtually unlimited income potential if you do Income Potential the job well, and if you maintain a high level of output, perseverance and keep current. The more knowledge you have and the more skilled you become, the more professionally you will operate and the more you can gain from your career. For example, As a personal financial planner, you can perform an extremely important and indispensable Help other people service to any economically active family.

10 Not many people understand how to handle their finances, and your expertise will become invaluable to your clients to assist them to plan and implement a safer and brighter future. Your work in the insurance sector requires you to meet and interact with many people from all walks of life. This can be a most interesting and enjoyable Meet lots of new aspect to your career. people Please keep all of the above in mind when you are busy with your studies and maybe asking yourself why you ever enrolled for this course!! Masifunde Training Centre 2015/2016. LEARNER ORIENTATION MANUAL 7. How to approach Familiarise yourself with the information in this the task ahead ORIENTATION MANUAL . Understand the Process Flow Diagram (Annexure A).