Blue Chip Issue 90

BLUE
CHIP
FPI | Certification
CFP® RPL2 PATHWAY
Education Examination Experience Ethics
Hold an advanced degree or
designation as approved per the
current challenge examination criteria.
Pass the FPI multiple choice CFP®
examination for knowledge assessment
for entry into the Capstone course.
and
Prove five years’ relevant financial
planning experience as assessment
for skills and abilities.
Adherence to the Code of Ethics
and professional responsibility
and practice standards.
Complete the Capstone course.
and
Submit a financial plan as the final
form of examination assessment for
knowledge, skills and abilities.
are still set at an NQF level 8, and the Capstone course will
allow candidates to apply the knowledge in practice. The
financial plan assessment will evaluate whether candidates
have mastered the skills and abilities to apply this knowledge
at the level expected of a CFP® professional.
Does this mean that I must write an extra examination to
become a CFP® professional?
The above should not be seen as an additional examination but
rather a different format of assessment in that the candidates
will from 2025 onwards not write “another” exam, but rather
submit a portfolio of evidence (financial plan) after completing
the Capstone course. The exam written at the universities, from
2025 onwards, will be the standard-setting examination that tests
for minimum competence across all FPI-recognised educational
providers. Only candidates who obtained their qualification before
or during 2023 who do not attempt or pass the PCE by the end of
2024 will be required to also pass the multiple-choice examination
to gain access to the Capstone course.
Will the costs for completing the Capstone course and
submitting a financial plan be significantly different to the
current PCE examination fees?
No. The FPI will ensure that the cost for candidates is similar to the
registration cost of the PCE in its current form.
What is Capstone course format?
The Capstone course will be an online course with an eight to
10-week timeline to completion. It will run throughout the year and
will include live sessions, pre-recorded material, reading material
and various types of assessments, etc. It will be aimed at assisting
candidates to apply the knowledge obtained in the education
requirement to the everyday practice of financial planning.
How will the financial plan assessment work?
After completion of the Capstone course, a candidate will be
provided with a case study. This candidate will have a prescribed
time to develop and submit a financial plan to the FPI that meets
the requirements for a financial plan as prescribed. Once submitted,
this financial plan will follow an assessment process by the FPI
to determine whether the candidate has met the competency
requirement for this assessment component.
What are the dates for the examinations and how do I register?
Visit our website at www.fpi.co.za or email certification@fpi.co.za
for more information.
Nici Macdonald, CFP®,
Head of Certification and
Standards, FPI
1
A Capstone course is a project
that serves as the culminating and
integrative praxis experience of an
educational programme. It is the final
culmination of a learning experience,
in this case, the combination of the
knowledge, skills and abilities a
candidate has to master during their
studies.
2
Recognition of Prior Learning
3
https://fpi.co.za/membership/
professional-membership/education/
80
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