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Member notice | FIA CPD provider launch

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  • FIA

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Following the recent release of the FSCA’s Fit and Proper requirements in Board Notice 194 of 2017, the FIA has put together an online CPD solution for its members which caters for the full range of financial services training.

The FIA is proud to present their panel of CPD providers who offer approved CPD on all FSCA product categories.

Such partners include:

  1. BLACK ONYX (THE CPD HUB)
  2. FPI Centre for Professional Development
  3. Integrity Academy
  4. Moonstone Business School of Excellence

A summary of the offering from each provider is indicated in the table below:

Criteria

BLACK ONYX (THE CPD HUB)

FPI

Integrity Academy

Moonstone

Professional Body Approval

FPI/IOBSA

FPI

FPI/IISA

FPI

Range of licensing cat

Short-term and Long-term Deposits,
Structured Deposits,
Investments (and all 9 subclasses),
Forex Investments

Long-Term Insurance, Health, Deposits Investments

Short & Long-Term Deposits, Long-Term Insurance, Healthcare Benefits, Retirement Benefits

All Classes

No. of CPD hours

Unlimited hours for technical and soft skills including ethics and practice standards

Approximately 108 hours

Technical & Ethics

Technical & soft skills

74.5 hours

General Insurance overview & FICA

Cost

R249 per user per annum with additional discounts available via our affiliate program

Same as FPI members pp

R230 – 250 online

R1608 F2F (CPD ave 4-8 hours)

R756.57 (CPD ave 8.5 hours)

which is a 10% discount on regular fees pp. The voucher code is FIA#cn8jsvV2vCM7. 

Click here to view how to register for a CPD subscription

 

R250 to R500 per session (ave 3.5 hours)

Support offered

Online support and FAQs

Online chat, call most hours

Online chat, call 24/7

Same as for public

BLACK ONYX

THE CPD HUB is powered by BLACK ONYX and accredited by the FPI and IOBSA, offering a unique digital CPD service focussed on INVESTING & REGULATION offering FIA members 20+ CPD hours for the following areas:

  • Short-term and Long-term Deposits
  • Structured Deposits
  • Investments (and all 9 subclasses)
  • Forex Investments
  • Asset Management
  • Ethics & Practice Standards

For R249 / year (or less …) you can remain Fit & Proper from the comfort of your phone or PC, by watching videos or listening to podcasts by award-winning asset managers. Click here to learn more.

FPI Centre for Professional Development

The FPI Centre have offered for FIA members to participate in FPI CPD activities at the same rate as FPI members.  There are a variety of offers within the FPI framework from online activities to face to face events. These events span the insurance classes of:

  • Long-Term Insurance,
  • Health Benefits,
  • Deposits, and
  • Investments 

Integrity Academy

This esteemed partner is an Accredited training provider and carries CPD recognition with the IISA and FPI for various online modules.  A discounted rate has been offered to FIA members for which a discount coupon is granted upon verification of FIA membership. The CPD offering includes the insurance classes of:

  • Short & Long-Term Deposits
  • Long-Term Insurance
  • Healthcare Benefits
  • Retirement Benefits and
  • some Short-Term Insurance modules

In addition to CPD modules, Integrity Academy also offers a range of other training ranging from Class of Business to soft skills.

Moonstone Business School of Excellence

MBSE offer a variety of CPD and other modules via an online platform which are approved by the FPI for CPD purposes.

The MBSE offering spans the full range of insurance classes as listed by the FSCA.  Companies who are able to register more than 100 modules can qualify for a further discounted price per module, details of which are on the MBSE website on the CPD page.

It is important for FIA members to remember that CPD requirements is for the FSP to keep record of CPD activities completed.  There is no requirement for Professional Bodies to track CPD as this may carry an additional cost to the industry, and therefore it is important that FSP’s keep the records offered by these online providers for reporting and competence purposes.

The records from these systems can be submitted to professional bodies for the recording of professional CPD, thereby serving both purposes where persons are professional members of the IISA or FPI.

Subscriber Terms and Conditions

  1. APPLICATION OF TERMS
    • These terms and conditions (“Subscriber Terms”) apply to the subscription by any qualifying member of the South African Underwriting Managers Association NPC (“SAUMA”) to the services and benefits offered by FIA Services (Pty) Ltd (“FIA Services”) under the SAUMA affiliation arrangement (“Subscription”).

  2. NATURE OF SUBSCRIPTION
    • A Subscription under this arrangement:
      • does not constitute membership of FIA NPC;
      • does not confer any voting rights or governance participation in FIA NPC; and
      • is governed solely by the contractual relationship between the Subscriber and FIA Services.

  1. ELIGIBILITY
    • To qualify for the Subscription, the applicant must, at the time of application, be a current paid-up member of SAUMA.
    • FIA Services will verify the applicant’s SAUMA membership status with SAUMA prior to activation, and may re-verify such status periodically.
    • If a Subscriber ceases to be a paid-up member of SAUMA, the Subscription will correspondingly be terminated.
    • Applicants are required to authorise FIA Services to confirm their SAUMA membership status with SAUMA as part of the application process.

  1. SERVICES
    • The Subscription entitles the Subscriber to the following benefits:
      • Complimentary access to the FIA CPD Platform;
      • Complimentary access to the FIA Insight Magazine (digital edition);
      • Advertising opportunities on FIA platforms at a discounted rate of 15% (fifteen percent) off the prevailing published rates; and
      • Invitations to attend FIA Technical Webinars annually.
    • FIA Services reserves the right to update, vary or substitute the Services from time to time, provided that the overall value and nature of the benefits remain materially the same.

  1. FEES AND PAYMENT
    • The monthly subscription fee is R260.00 (two hundred and sixty rand) for up to seven registered individuals (Key Individuals and Representatives), and R36.00 (thirty-six rand) per additional registered individual thereafter, excluding VAT.
    • The Subscriber shall provide FIA Services with the required details of each individual to be registered under the Subscription for the purposes of activation and billing.
    • All fees are exclusive of VAT, which shall be charged at the prevailing statutory rate.
    • Subscription fees are reviewed annually in March and may be adjusted with effect from 1 April.
    • Any changes to the Subscription, including but not limited to the number of Representatives and Key Individuals registered under the Subscription, may only be effected once annually during the annual review period in March of each year, with such changes taking effect from 1 April.
    • Subscription fees shall be billed monthly in arrears, unless the Subscriber elects an annual billing cycle at the time of application.
    • The Subscriber shall ensure that all billing information (including contact details, authorised signatories and bank account details) is kept accurate and up to date.
    • Non-payment of subscription fees may result in suspension of access to the Services until such fees are brought up to date.
    • The Subscriber acknowledges and agrees that all subscription fees payable under these Subscriber Terms may be collected by way of debit order, which shall be processed by the holding company, FIA NPC (The Financial Intermediary Association of South Africa), on behalf of FIA Services. Payment to FIA NPC shall be deemed to constitute valid and sufficient discharge of the Subscriber’s payment obligations to FIA Services under these Subscriber Terms.

  1. ONBOARDING
    • Onboarding will be conducted as a Subscription with FIA Services under the SAUMA affiliation arrangement.
    • Onboarding will not confer FIA NPC membership status or any associated rights.
    • Onboarding is conditional on confirmation of the Subscriber’s current SAUMA membership at the time of application

  1. DATA PROTECTION
    • FIA Services will process all personal information in accordance with the Protection of Personal Information Act 4 of 2013 (POPIA) as set out in our POPIA policies.
    • By subscribing, the Subscriber authorises FIA Services to confirm their SAUMA membership status with SAUMA and to process personal information for the purposes of fulfilling the Subscription.

  1. TERMINATION
    • The Subscriber may terminate the Subscription by giving FIA Services one calendar month’s written notice.
    • FIA Services may terminate the Subscription on one calendar month’s written notice, or immediately if the Subscriber breaches these Subscriber Terms and fails to remedy such breach within 14 (fourteen) days of receiving written notice.
    • Termination of the SAUMA–FIA Services affiliation agreement shall not automatically terminate these Subscriber Terms.
    • Termination by the Subscriber shall not relieve the Subscriber of liability for any subscription fees accrued up to the effective date of termination.
    • FIA Services may suspend or terminate the Subscription with immediate effect in the event of non-payment of fees by the Subscriber.

  1. GENERAL
    • These Subscriber Terms are governed by the laws of the Republic of South Africa.
    • Any disputes arising under these Subscriber Terms shall be dealt with in accordance with the dispute resolution provisions contained in the FIA NPC membership terms and conditions, as modified to reflect that the contractual relationship is with FIA Services.
    • Any notices required under these Subscriber Terms may be validly delivered by email to the addresses provided in the Subscriber’s application form, and such notices shall be deemed received on the day of transmission if sent during business hours.
    • The Subscriber may not assign, cede or transfer any of its rights or obligations under these Subscriber Terms without the prior written consent of FIA Services.
    • No variation of these Subscriber Terms shall be of any force or effect unless reduced to writing and signed by both FIA Services and the Subscriber.