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Training Academy's Training Initiatives

Broadening your horizon with highly interactive and informative accredited training courses for Financial Services Providers.

Why Universal Training Academy

Why Universal Training Academy UTA has developed the Universal Financial Services Skills Programmes, designed to give you a superior grasp on relevant Financial Services industry knowledge, while also ensuring that you meet the requirements as set out in the Medical Schemes Act, Regulation 28(B), FAIS Act, 2003 and Long Term Insurance Act, 1998.

As a broker (Financial Services Provider - FSP) in the financial services arena, you are most probably well aware of the “fit and proper” requirements of the Financial and Intermediary Services Act (FAIS), as set out in the Financial Services Board Notice 106 of 2008. As per the Act, all financial services providers (FSPs) must complete an approved qualification within six years from date of appointment. .

PLEASE NOTE: In accordance with the Determination of Fit and Proper Requirements for Financial Services Providers (Board Notice 106 of 2008) the FSB has introduced the financial services industry to a new concept – “regulatory examinations”. These exams form part of the competence requirements for representatives, key individuals and sole proprietors. UTA. have developed a one – day workshop in order to prepare representatives to successfully pass the examinations.

Research has proven that despite high quality materials, written or electronic, a tutor help – line, and numerous self –test questions, students struggle without face to face interventions being provided. Throughput rates have increased significantly when students attend workshops in preparation of writing the exams. Our workshops  are available upon request.

Following this, it is important to note that payment of broker commissions requires Financial Services Providers to meet the relevant “Fit and Proper” requirements, as determined by section 8(1) of the FAIS Act, with specific reference to qualification requirements. Non- compliance will result in non-payment of commission.

What is the Qualification?

UTA offers 120 credits towards the National Certificate in Wealth Management SAQA* QUALID 57608 through the elected Universal Financial Services Skills Programme.

This qualification provides graduates with a solid foundation from which they can progress and develop further competencies. The qualification is appropriate for those individuals in industry sub-sectors who require status as FAIS compliant financial services providers, with specific reference to long-term insurance and short-term insurance including life benefits, medical schemes administration, servicing and sales.

South African Qualifications Authority


More about the Qualification!

UTA offers credits towards the National Certificate in Wealth Management SAQA QUALID 57608 through the Universal Financial Services Skills Programme.

Visit our Training Initiatives page for more information or call us on
+27(0)11 208 1393 or mail us at [email protected]

Alicia Jordaan
[email protected]
+27(0)11 208 1393