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INSETA FAIS Fit and Proper Project: Assessment Details

The implementation of the project involves two phases, including a national assessment and the development of curriculum, learning materials, and assessment tools. The assessments will cover various unit standards to ensure compliance with FAIS Fit and Proper requirements. The assessments will be in the form of case studies with multiple-choice questions, emphasizing knowledge, skills, and logical thinking. INSETA's learning provider partner for this project is Imfundo, led by CEO Craig Duff and Managing Director Ronél Burger.

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INSETA FAIS Fit and Proper Project: Assessment Details

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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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