Associated Assessment Criteria for Outcomes:

The learner will be able to:

Advise clients on financial products.

Specific Assessment Criteria:

Determine whether the learner:

Can list with reference to the various relevant acts, regulations and codes that impact on the financial planning environment.
Can demonstrate a basic knowledge of the tax systems.
Can demonstrate knowledge regarding the regulations in the financial services industry.
Explain the functions and roles of key players in the industry.
Can demonstrate the ability to determine the risk profile of a client, clarify financial problems and formulate solutions, the knowledge of the objectives setting process which include priority, duration, urgency and importance.
Can perform tax calculations.
Can explain the different forms of business ownership and basic application of the Estate Duty Act.
Can perform basic estate duty calculations.

Integrated Assessment:

To ensure that all relevant material is effectively integrated, summative assessment integrating the cross-field and specific outcomes needs to be incorporated. Assessors must develop assessment instruments that adhere to the assessment criteria and adequately cover the exit-level outcomes in relation to the purpose of the qualification.

Assessment Strategy:

Continuous assessment by means of written assignments, projects, tests, case studies, seminars, tutorial exercises will be used to monitor learners’ progress and for remedial purposes.