3 years ago

Blue Chip Journal - January 2020 edition

  • Text
  • Invest
  • January
  • Metropolitan
  • Portfolio
  • Managers
  • Funds
  • Portfolios
  • Global
  • Investors
  • Advisor
  • Asset
  • Advisors

Continuous Professional

Continuous Professional Development at FPI Start planning your CPD hours now FPI changed its CPD cycle during 2018 to assist members in complying with both the FSCA and FPI’s CPD requirements. Members, therefore, need to comply with the 2019 CPD cycle requirements by 31 May 2020. Member renewal (recertification) must though be completed by no later than 31 March 2020 (pay full membership fee and complete the Ethics declaration). Members do have the option to take up a debit order. More about CPD at FPI FPI updated its CPD policy during last year. Some of the significant changes are: • CPD points have been updated to CPD hours (to eliminate the confusion between the two). • Members can no longer transfer CPD hours from the one cycle to the other. • The CPD cycle now runs from 1 June – 31 May. • Professional members (CFP®, FSA and RFP) must complete 35 CPD hours: 20 Technical CPD hours (knowledge CPD hours); 10 General CPD hours (Skills and Abilities) and five Ethics and Practice Standards CPD hours. Out of the 35 CPD hours, 20 must be verifiable CPD hours. • Affiliate members (CPD affiliates and candidates) must complete 20 CPD hours of which 18 must be verifiable CPD hours, and two must be Ethics and Practice Standards CPD hours. • Not completing your CPD hours can lead to a disciplinary enquiry as per the CPD policy and updated Disciplinary Regulations. **Please read the full CPD policy on CPD offerings at FPI Members of FPI have access to face-to-face events, online courses and over 50 webinars. Face-to-face events and online courses are CPD activities members have to register and pay for, whereas webinars come as a free membership benefit. Some of the face-to-face events to look forward to this year: • February 2020: Budget Review Trilogy • March 2020: Estate and Tax • June 2020: FPI Professionals Convention (8 & 9 June 2020 – Sandton Convention Centre) • August 2020: Retirement and Investments (R&I) • October-November 2020: Annual Refresher • 22 October: Polokwane • 27 October: Pretoria • 3 November: Johannesburg • 5 November: Nelspruit • 10 November: Free state • 12 November: Durban • 17 November: Port Elizabeth • 19 November: East London • 24 November: George and • 26 November: Cape Town FPI webinars offer the following number of CPD hours in the various financial planning components: Sum of CPD FP component hours Asset Planning 22 Estate planning 7.5 Ethics 14 Practice Management 11 Practice standards 5 Retirement Planning 6.5 Risk Planning 24 Tax planning 13.5 **FPI plans to make more webinars available for Estate planning and Retirement planning during 2020. FPI also offers various online courses to choose from. To make use of the mention CPD activities, be sure to visit for more information or contact 38

10 Reasons to become an FPI Approved Professional Practice 1 By displaying the FPI Approved Professional Practice TM brand, your business will be recognised as a professional financial planning practice offering financial services of the highest standard. 2 You’ll get higher community recognition among your peers and consumers by actively promoting and using FPI Approved Professional Practice TM branding in your business. 3 You will have increased exposure through advertising and article opportunities on various FPI platforms, many times at no cost to your practice. 4 Your practice will be listed on the FPI website as an FPI Approved Professional Practice TM , giving you more than R50 000 worth of free advertising.

Other recent publications by Global Africa Network: