SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Demonstrate knowledge and understanding of the investment strategy of a selected group retirement fund 
SAQA US ID UNIT STANDARD TITLE
243145  Demonstrate knowledge and understanding of the investment strategy of a selected group retirement fund 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  2 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners in a financial services environment. It will add value to Trustees and Principal Offices of retirement funds and learners who work in group retirement fund administration as well as Intermediaries, Financial Call Centre Agents, Internal Marketers, Scheme Administrators who target Employers and Trade Unions, learners in Corporate Relations, Marketing Departments and Fund Managers.

The qualifying learner is capable of:
  • Analysing the needs of members of a group retirement fund.
  • Discuss the implications of value systems for an investment strategy.
  • Explaining the guidelines for investment in terms of current legislation.
  • Appling knowledge of investment in order to evaluate a proposal for a specific group retirement fund.
  • Reviewing and monitoring an investment strategy for a specific retirement fund. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at Level 3. 

    UNIT STANDARD RANGE 
    Group retirement funds may be defined benefit, defined contribution and retirement annuities. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse the needs of the members of a group retirement fund. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    A report on payroll information is interpreted to determine the average number of members within five years of retirement, age bands, income range and staff turnover in a specific retirement fund. 

    ASSESSMENT CRITERION 2 
    Additional information that affects an investment strategy is identified and an indication is given of the consequences if trustees neglect to gather the necessary information. 

    ASSESSMENT CRITERION 3 
    A profile of members of a specific group retirement fund is interpreted in order to determine the outcomes for a fund. 

    SPECIFIC OUTCOME 2 
    Discuss the implications of value systems for an investment strategy. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The influence of industry norms and values on the investment strategies of a group retirement fund is explained with reference to industry specific goals. 

    ASSESSMENT CRITERION 2 
    The influence of individual members' norms and values on the investment strategies of a group retirement fund is explained with reference to individual goals. 

    SPECIFIC OUTCOME 3 
    Explain the guidelines for investment in terms of current legislation. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The legislated guidelines for retirement fund are explained with reference to investment parameters. 

    ASSESSMENT CRITERION 2 
    The importance of compliance certificates is explained and an indication is given of the consequences of non-compliance for trustees. 

    ASSESSMENT CRITERION 3 
    The investment mandate of a retirement fund is compared to the needs and wants of members and an indication is given of the benchmarks selected for the fund. 

    SPECIFIC OUTCOME 4 
    Apply knowledge of investment in order to evaluate a proposal for a specific group retirement scheme. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Asset classes appropriate for a specific retirement fund are identified with reference to the investment mandate. 

    ASSESSMENT CRITERION 2 
    The credentials of an asset manager are evaluated in terms of performance history, philosophy, governance, Black Economic Empowerment (BEE), processes, systems, size and people. 

    ASSESSMENT CRITERION 3 
    Proposals from different asset fund managers are analysed in order to select an appropriate fund manager. 

    ASSESSMENT CRITERION 4 
    Questions are asked of an asset fund manager to inform a decision. 

    SPECIFIC OUTCOME 5 
    Review and monitor an investment strategy for a specific fund. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The existing investment strategy of a selected retirement fund is analysed and compared to the defined objectives of the Fund. 

    ASSESSMENT CRITERION 2 
    The performance of the asset fund manager is assessed to determine whether performance meets the agreed mandate and benchmarks. 

    ASSESSMENT CRITERION 3 
    The importance of regular monitoring and review is explained and an indication is given of the consequences for trustees and members of failing to review an investment strategy. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is capable of making responsible decisions using critical thinking in assessing the performance of an asset fund manager against an agreed mandate and benchmark. 

    UNIT STANDARD CCFO WORKING 
    The learner is capable of working effectively with others as a member of a team, group, organisation or community in analysing the profile of members of a retirement fund and evaluating an investment proposal for a specific fund in that decisions about investment strategy are group decisions. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is capable of managing him/herself and his/her own activities in understanding the importance of regular monitoring and review. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is capable of collecting, organising and critically evaluating information in compiling a member profile, evaluating proposals from asset fund managers and evaluating the credentials of an asset manager. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is capable of communicating effectively in discussing the implications of value systems for an investment strategy. 

    UNIT STANDARD CCFO CONTRIBUTING 
    The learner is capable of being culturally and aesthetically sensitive across a range of social contexts in interpreting the needs of members of a specific fund and explaining the effect of norms and values on investment strategies. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  66613   Further Education and Training Certificate: Wealth Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.