Continuous Professional Development

The table below outlines the once-off per person fee for 6, 12 and 18 CPD points | hours per cycle. Once the fee has been paid, participants will be issued with a coupon, allowing them to complete courses of their choice to award the number of required CPD hours per cycle.

Fees are calculated on a sliding scale according to the number of representatives and key individuals subscribed.

The fee per person is a once off fee according to the number of subscribers.

Number of reps and KI’s	Percentage discount awarded	VAT inclusive fee per person 6 CPD points| hours	VAT inclusive fee per person 12 CPD points | hours	VAT inclusive fee per person 18 CPD points | hours
1	0%	R400	R700	R1 000
2-5	5%	R380	R665	R950
6-9	8%	R368	R644	R920
10-14	12%	R352	R616	R880
15-19	15%	R340	R595	R850
20-25	18%	R328	R574	R820
26-30	20%	R320	R560	R800
30+	25%	R300	R525	R750

 

The fee per person is a once off fee according to the number of persons on the representative register.

The fee includes the following:

• Access to course material via the e-learning platform
• Assessment
• Certification

CPD monthly fee 2018

Fees are calculated on a sliding scale according to the number of representatives and key individuals enrolled in the program.

The tables below outline the per person fee for 6, 12 and 18 CPD points | hours per cycle. The fee table indicates the price for e-learning.

CLC charges a fix fee of R2 600 Vat inclusive to facilitate class-room learning for 2 hours over and above the CPD point fee.

Number of reps and KI’s	Percentage discount awarded	VAT inclusive fee per person 6 CPD points | hours	VAT inclusive fee per person 12 CPD points | hours	VAT inclusive fee per person 18 CPD points | hours
1	0%	R50	R90	R120
2-5	8%	R46	R83	R110
6-9	12%	R44	R79	R106
10-14	15%	R42	R76	R102
15-19	18%	R41	R74	R98
20-25	20%	R40	R72	R96
26-30	25%	R38	R67	R90
30+	30%	R35	R63	R84

 

The fee includes the following

• Access to course material via the e-learning platform
• Assessment
• Certification

Class room facilitation does not include the venue and refreshments.

Advantage of monthly subscription

• Subscription allows access to all courses available on the e-learning platform
• The FSP is provided with a report on course completion by subscribers, allowing the FSP better oversight of CPD progress
• Subscribed FSP’s can request CLC to develop programs to address specific knowledge and skills gaps within the FSP
• Subscribers can be added or reduced

The CPD cycle starts on 1 June of every year and runs for a 12-month period.

The Continuous Professional Development (CPD) requirements does not apply to representatives that are authorised to only render financial services or manage financial services in relation to-

• Long-term Insurance Subcategory A.
• Friendly Society Benefits.
• Rendering a financial service in respect of a Tier 2 financial product.
• Rendering intermediary services in respect of a Tier 1 financial products

The number of hours needed to be completed by representatives and key individuals dependents on the number of subcategories and product classes the representative and key individual is authorised to provide services in.

The table below outlines the required number of CPD hours per cycle.

Number of subclasses	Number of class of business	Number of CPD points | hours per cycle
1	1	6 hours
2 or more	1	12 hours
1 or more	2 or more	18 hours