Long-term Assurance Advisor
Modules
Overview of the Investment Advisory Industry.
- KM1-Topic 1: Basic economic principles
- KM1-Topic 2: Needs and wants of an entity.
- KM1-Topic 3: Current affairs in the Financial Services Sector.
- KM1-Topic 4: Changing nature of the financial services industry and its consumers.
- KM1-Topic 5: Risk in a Financial Services environment.
Regulatory Requirements for advising clients regarding insurance and investments
- KM2-Topic 1: Principles of ethics.
- KM2-Topic 2: FAIS (Act 37 of 2002)
- KM2-Topic 3: Money laundering legislation.
- KM2-Topic 4: Promotion of Access to Information Act, 2 of 2002 and the Electronic Transactions and Communications Act, 25 of 2002.
- KM2-Topic 5: Protection of Personal Information Act 2020-21
Module 2: Principles of Providing Advice to Clients regarding Insurance
Available once Module 1 has been completed
Modules
Principles of Providing advice to clients regarding Insurance, Savings and Retirement Planning.
- Topic 1: Analyse the different products available in the Long-term assurance industry and the benefits of each.
- Topic 2: Apply knowledge and insight into aspects of the Long-Term Insurance Act, Act 52 of 1998.
- Topic 3: Describe disability assurance solutions in the context of financial planning.
- Topic 4: Describe the control of fraud in Long-term assurance.
- Topic 5: Explain the roles of actuaries, underwriters, claims assessors and reinsurers in Long-term assurance.
- Topic 6: Identify and explain trends and issues in the Long-term assurance market that present an abnormal risk.
Module 3: Analyse clients long term wealth creation/protection needs
Available once Module 2 has been completed
Modules
Analyse clients long term wealth creation/protection needs
- Topic 1: Apply technical knowledge and understanding of business Assurance.
- Topic 2: Investigate dread disease products and their place in wealth management.
- Topic 3: Apply knowledge of the different asset classes in order to give financial advice.
- Topic 4: Apply scenario planning to explain potential risk in a specified financial services context.
- Topic 5: Research information in order to assist in conducting a financial risk assessment.
Module 4: Evaluate available long-term wealth creation-protection options
Available once Module 3 has been completed
Modules
Evaluate available long-term wealth creation-protection options.
- Topic 1: Apply technical knowledge to advise and support Intermediaries on risk in long term products.
- Topic 2: Apply a researched trend to individual financial risk.
- Topic 3: Apply knowledge and skill to explain the application of structured long-term assurance portfolios.
- Topic 4: Develop a potential wealth preservation solution for an entity.
Module 5: Recommend and implement the most appropriate wealth creation/protection options
Available once Module 4 has been completed
Modules
Recommend and implement the most appropriate wealth creation/protection options
- Topic 1: Provide advice (place the client in a position to make informed decisions): Demonstrate knowledge and application of ethical conduct in a business environment.
- Topic 2: Deal with client concerns: Apply the law of contract to assurance.
- Topic 3: Apply knowledge of business insurance to propose a Long-Term financial solution for a business entity.
- Topic 4: Apply knowledge of estate planning to propose a financial solution for a high net worth client.